Nominations for 2020-2021 TXCPA leadership positions are being accepted until August 1, 2019.
More than one member in your organization? Consider Group Billing Benefits
Tool: Six Lean Tools to Optimize This Year’s Tax Debrief
Description: Debriefing after busy season provides not only a time for reflection on the previous season’s production, but identification of opportunities to improve firm processes for the year ahead. This year, considering integrating “Lean Six Sigma” consultative tools proven to make firms more effective. Read more in this edition of the PCPS IT Corner with Roman.
Please post the following language alongside the tool & description: This tool is an example of the turnkey practice management tools and resources PCPS delivers. PCPS is an add-on firm membership section within the AICPA. A PCPS firm membership at only $35 per CPA, up to a max of $700 per firm, is a great investment for a broad range of practice management resources. Find out if you are already a PCPS member or register for a virtual tour to learn more.
Names 2019 Rising Stars Honorees (6-17-19)
SALT deduction cap rules finalized (6-12-19)
State Board Seeking - CPA Consultant (5-22-19)
Sunset Success! Abbott Signs HB 1520 into Law
(May 25, 2019) - Gov. Greg Abbott signed the Sunset bill (HB 1520) into law on Friday, May 24! Congratulations goes to TXCPA volunteers
for their exceptional advocacy efforts to get this vital legislation passed for the CPA profession in Texas.
The reauthorization of the Texas State Board of Public Accountancy (TSBPA) and the Texas Public Accountancy Act (TPAA) and the successful completion of the Sunset Review process means that the licensed CPA profession in Texas will continue unabated!
The Sunset law will continue TSBPA and the TPAA for another 12 years, until 2031. The effective date on the legislation is September 1, 2019.
Fingerprint-Based Background Check for CPAs
If you submitted electronic fingerprints to the TSBPA after September 1, 2014, no additional fingerprints are required. Retired or disability status licensees as defined in Board Rule 515.8 will also be exempt from fingerprinting.
Two New Texas "Wayfair" Laws
(May 30, 2019) - HB 2153 and HB 1525 both became Texas law in May 2019. The two new laws were in response to last year’s U.S. Supreme Court ruling allowing states to tax out-of-state sellers even if they do not have a physical presence in Texas, but sell their products here. Read more.
Regulatory Comments by the Federal Tax Policy Committee
- IRS Guidance on Special Enforcement Matters Under the Centralized Partnership Audit Regime
- The Importance of Input from Tax Professionals to the IRS Strategic Plan
- Serious Concerns about Changes to Transcript Delivery Announced in IR-2018-171
- Supports S. 3278, Protecting Taxpayers Act 202, Regulation of Tax Return Preparers
- Supports IRS Commissoner Nominee
- Partnership Audit Provisions from the Bipartisan Budget Act of 2015
- Comments on Tiered Partnerships