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    Electronic Filing for Annual Tax Filers: DOR Announces New Requirement for 2020 Returns

    by WSCPA | Jan 20, 2021
    Businesses that file their state excise taxes annually are now required to file and pay electronically beginning with their 2020 return (due April 15, 2021).
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  • COVID-19 Relief Bill Resources

    by WSCPA | Jan 20, 2021
    What does the new COVID-19 relief bill mean for you and your clients? How can you learn about everything included in this legislation? Here are a variety of resources and CPE programs to help you prepare to advise your clients and/or organizations.
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  • Federal and State Updates Regarding COVID-19

    by WSCPA | Jan 19, 2021
    Find the latest resources from various federal and state agencies regarding COVID-19. We're monitoring and updating this list as developments continue to unfold.
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    Prioritize Your Team's Mental Health—December PCPS Tool

    by Private Companies Practice Section (PCPS) | Dec 23, 2020
    During the pandemic, not only have concerns for our physical health and safety come to the forefront but our mental health has been stretched to its limits. While it is normal to feel fear, angst and stress during traumatic times, work from home has introduced a new set of stressors and due to social distancing guidelines and gathering restrictions, we are all feeling the effects of social isolation.
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    Washington State Auditor Releases First Audit on Unemployment Fraud

    by WSCPA | Dec 18, 2020
    An audit released today provides the first, high-level accounting of some of the circumstances surrounding the major fraud scheme that targeted Washington state’s unemployment benefits in the spring.
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    Updated Peer Review Resources from the AICPA’s Enhancing Audit Quality (EAQ) Initiative

    by AICPA | Dec 15, 2020
    Through the EAQ, the AICPA shares resources and education to help Peer Review firms avoid the most common audit quality issues. Check out the latest resources including: COVID-19 Audit Implications, Auditing Revenue Recognition, Risk Assessment and more.
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    Five Technology Resolutions for 2021

    by Thomas G. Stephens, Jr. | Dec 10, 2020
    For many, the holiday season is a time to look back and reflect on the year gone by – and what a year it was! But it is also a time to look forward, plan, and consider how we can do better in the coming year. Often, this results in making resolutions for the new year, and in that spirit, let us consider five technology resolutions that you might consider adopting for 2021.
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  • AICPA and More Than 560 National and Local Business Organizations Urge Congress to Immediately Pass PPP Expense Forgiveness Legislation

    by WSCPA | Dec 03, 2020
    Today, the American Institute of CPAs (AICPA) and a coalition of more than 560 organizations representing millions of employers and American workers sent Congressional leaders a letter urging passage of legislation making it clear that expenses related to a forgiven Paycheck Protection Program (PPP) loan are tax deductible. The letter states that without legislation, there is “…the specter or a surprise tax increase of up to 37 percent on small businesses when they file their taxes for 2020.”
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    Need Enrolled Agent Credits? WSCPA Offers Events for EAs

    by WSCPA | Nov 19, 2020
    Did you know that the WSCPA offers events for Enrolled Agents? The WSCPA is an IRS-approved continuing education provider.
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    Internationally Recognized Body Language Expert to Speak at WSCPA Fraud Conference, December 10

    by WSCPA | Nov 19, 2020
    When it comes to corporate America, Blanca Cobb is in the relationship business. It isn’t only what’s said, but also seen that can either make or break business relationships. With an eye to uncover what you miss, Blanca will help you figure out the cues to possible deception in every day interactions.
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  • State and Federal Election Update

    by Mike Nelson | Nov 10, 2020
    While we wait for the certification of the election at both the local and national level, here are a few key takeaways from what we here at the WSCPA are watching.
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    Six Tips to Protect Your Mobile Devices from Cyber Threats

    by Christophe Réglat | Nov 10, 2020
    A survey by cybersecurity software provider Symantec found that three in 10 small- and medium-business owners said employees have lost a company-issued mobile device or had one stolen. Of those, more than 25 percent said the event resulted in a data breach. When it comes to your business, how are you protecting the data on your company’s mobile devices?
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  • Remote Work Creating More Hacker and Malware Opportunities

    by Randy R. Werner | Nov 09, 2020
    As a result of the COVID-19 pandemic, working remotely has opened new potential access points and vulnerabilities that hackers are exploiting. CPA firms are already prime targets for identity thieves, and these new vulnerabilities exacerbate the profession’s cyber-related challenges.
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    How to Choose an Audit Analytics Tool

    by Donny C. Shimamoto | Nov 07, 2020
    With clients continuing to put downward fee pressures on auditors, firms need to look for additional ways to gain efficiency on their audits. One of the easier ways to do this is to look at data analytic tools that are designed to help automate the auditor’s work or audit analytics tools.
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    7 Reasons Why Cloud Hosting Services are Important for Your Business

    by Christophe Réglat | Nov 06, 2020
    Forty-three percent of cyber attacks worldwide targeted small businesses with less than 250 employees. Sixty percent of small companies were unable to sustain their business over six months following a cyberattack. It’s no wonder, then, that 93 percent of organizations are now using cloud services in some form and 80 percent expect their IT budget to be cloud-based within an average of 15 months. If you haven't moved to cloud services, here are reasons to make the move now.
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    The Advanced Guide to Automation for Accountants

    by Jessica King | Oct 29, 2020
    Accounting brings with it a heavy mental workload—and even accountants who absolutely love crunching numbers eventually start to feel the strain. Automation helps reduce mental stress and decreases frustration related to deadlines. The result? Your firm has happier team members who can focus their efforts on high-value tasks and do more of what they enjoy.
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    CPA Evolution: New CPA Licensure Model

    by Julia Woislaw | Oct 28, 2020
    Procedures historically performed by newly-licensed CPAs are being automated, offshored or performed by paraprofessionals. The CPA Evolution initiative aims to transform the CPA licensure model to recognize the rapidly changing skills and competencies the practice of accounting requires today and will require in the future.
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    A New Internet Domain for the Accounting Profession: .cpa

    by Erik Asgeirsson | Oct 27, 2020
    This past year has further emphasized the importance of thinking strategically about your online presence, and it’s clear this will become even more critical in the future as digital inevitably becomes the dominant business channel. The AICPA and CPA.com have long recognized this trend and it’s the reason why we were compelled to secure .cpa, the new restricted Internet domain, on behalf of the profession.
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    Internal Controls in a Remote World

    by Natalie Rooney | Oct 27, 2020
    As remote work takes hold at CPA firms and organizations, getting a grip on internal controls is essential for overcoming the security risks of an at-home workforce. Here are eleven steps to ensure your internal controls remain relevant in a remote environment.
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    State Tax Nexus: Frequently Awkward Questions

    by Mark Hugh | Oct 23, 2020
    In the last two years, 43 states have expanded their rules regarding tax “nexus”, whether a business has to collect and/or pay state taxes to a state. If you have not reviewed your filing obligations within the last two years, it is important to review them immediately. As a guide Mark Hugh presents these Frequently Awkward Questions.
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