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The main motivators behind applying for a scholarship usually have to do with financial assistance and reducing student loan debt. These are incredibly valid but there are so many other reasons why you should apply for a scholarship. With the Washington CPA Foundation Scholarship application deadline approaching, here are 5 other reasons why you should complete and submit your scholarship application.

Many financial professionals are offering advisory services as a natural evolution of their business. Though it takes a lot of hard work, adding an advisory service sets you apart from the competition, elevates your status in the marketplace, increases client retention and generates new, more profitable revenue streams.

In a letter sent recently to Department of the Treasury Secretary Janet Yellen, Internal Revenue Service (IRS) Commissioner Danny Werfel and every Member of Congress, the American Institute of CPAs (AICPA) detailed how an IRS shutdown during the tax filing season would harm the Service, taxpayers and tax practitioners. The letter also outlines recommendations to the IRS that could mitigate the long-term effects of a shutdown.

Join us in Olympia on January 18 for one of the year’s most important advocacy events. This year the WSCPA will be running legislation and there will be many conversations around various tax policies and other issues affecting the profession.

New beneficial ownership information reporting requirements will affect small businesses including small CPA firms starting Jan. 1. The U.S. House of Representatives passed H.R. 5119, Protect Small Business and Prevent Illicit Financial Activity Act, providing a one-year delay to the start of the rule. Reach out to your senators to ask them to pass the bill.

In a letter addressed to members of the House Financial Services Committee and Senate Banking Committee, the AICPA and all 54 state CPA societies, including the WSCPA, asked that H.R. 4035 and S. 2623, the Protecting Small Business Information Act of 2023, or similar legislation to delay, be included in any year-end legislative package.

Want to customize your WSCPA CPE Transcript by adding any courses that you've taken from other vendors? Here's how!

Submitting your required CPE for license renewal just got easier!

The following Q&A with CAMICO Claims experts reflects recent claims experience involving potential false claims related to Paycheck Protection Program (PPP) loans issued (and forgiven) during the COVID-19 pandemic.

Updated quality management standards promote a risk-based approach to planning and performing group audits. This article from the fall issue of The Washington CPA magazine, outlines what's new and how to implement the standards.

Is your firm prepared to stop a cyberattack? Do you have the appropriate measures in place to prevent damage from a ransomware attack? Find out by reading this CAMICO Claims Chronicle.

Diversity, equity and inclusion (DEI) efforts have swept the accounting nation and generally take the form of inclusiveness among different races, genders and abilities. Neurodiversity is another piece of the DEI pie.

Although most agree that the current tax season has signs of returning to normalcy after the pandemic-induced chaos of recent years, CPA firms continue to face unique challenges and risks they should not ignore.

The WSCPA has joined AICPA and dozens of other state CPA societies to ask the Financial Crimes Enforcement Network to extend and expand the deadline for beneficial ownership information (BOI) reporting requirements, specifically for Reporting Companies Created or Registered in 2024.  

Do you see CPE as a dreaded chore? Here are some strategies to make your CPE journey more rewarding.

Is your firm fully compliant with the revised Safeguards Rule? What constitutes client/customer records is somewhat unique for every organization, and that certainly holds true for CPA firms and tax professionals.

It is no secret that the new Washington Capital Gains Excise Tax, which taxpayers have begun paying for the 2022 tax year, has been a controversial and complex tax. In feedback shared with the DOR yesterday, the WSCPA highlighted the ambiguities in the language and additional unanticipated problems which came to light during the recently-concluded tax season.

The Washington Society of CPAs is collaborating on an important research study focusing on the decision to pursue, or not pursue, the Certified Public Accountant (CPA) credential. This survey aims to gain fresh insight into the factors impacting the decision to become a CPA or to not become a CPA. The responses will be compared against previous Decoding the Decline research findings.

Over the past couple of years, many nonprofits have experienced challenges attracting and retaining talent. Nonprofit organizations can take a number of approaches to strengthen their talent management efforts, as outlined in this article.

Plaintiffs and their legal counsel often leverage noncompliance with professional standards to strengthen cases in support of allegations of harm caused by accountants. This article highlights risk management implications of recent professional standards and offers risk management tips regarding established standards governing financial statement services.