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NCCPAP will be hosting its next session on January 30, 2023 at 10 AM ET. This session, Engagement Letters Designed to Protect You and Your Clients, will include how to improve your practice and protect yourself by instituting a policy of sending engagement letters annually. The featured speaker will share details regarding each party’s responsibilities and what should be included in this type of letter.
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NCCPAP’s new President, Frank Sands, CPA, releases his first President’s Message, covering challenges that CPAs are facing and how they will affect the NCCPAP Members’ practices.
In the letter, Frank says, “The Inflation Reduction Act (IRA) and the new Statements on Standards for Tax Services are just a couple of examples of challenges we face. The current hot topic in the accounting profession is Client Advisory Services (CAS). The talk is that this is new, but I am not so sure. It seems to be an expansion of a very old service called ‘write up’. This service was changed with the advent of Clarified Preparation, Compilation and Review Standards. Now we have Advisory Services which are a combination of helping clients with their bookkeeping and providing analytics and other professional advice. In addition, we need to add the new Written Information Security Plan (WISP) to this mix.”
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NCCPAP has released its September 2022 Tax Update. Highlighted topics of this month’s report include the Information Return Intake System (IRIS) portal and important updates regarding Transmitter Codes and access to the Filing Information Returns Electronically (FIRE) system.
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Congratulations to Stephen Mankowski, CPA, CGMA, NCCPAP’s Tax Co-Chair, for being recognized by Accounting Today in its popular annual industry publication: Top 100 Most Influential People in Accounting—for the fourth time! Steve was selected by the publication for being “a crucial conduit between small tax and accounting practitioners and the federal government, bringing the concerns of the members of the National Conference of CPA Practitioners to the IRS and Congress, and bringing back important intelligence on tax laws, regulations and the legislative environment.”
You can view the full list, here.
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The most recent NCCPAP NOW webinar was held on October 31, 2022 at 10AM ET with over 100 people in attendance. This event, the fifth NCCPAP NOW held this year, included a variety of topics. This session covered the latest happenings in the profession including the 2023 Inflation-Related Adjustments and Energy Credit Provisions in the Inflation Reduction Act of 2022, a tax update (based on current legislation at the moment), and a featured presentation on Physical & Economic Nexus.
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Please join us in congratulating the newly elected National Conference of CPA Practitioners (NCCPAP) Officers and Directors for 2022 through 2023. The installation of Officers took place on October 26, 2022.
In addition to our new Officers, we’d like to congratulate Neil H. Fishman, CPA, CFE, FCPA, CAMS—NCCPAP PR Committee Chair, former NCCPAP National President, former Accounting Today Top 100 Most Influential Award Winner, former Internal Revenue Service Advisory Council (IRSAC) Committee Member, frequent speaker, former actor, active Practitioner/Taxpayer Advocate, and Congress/IRS relationship builder—on receiving NCCPAP’s prestigious Gold Award for outstanding service to his profession, community and NCCPAP.
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NCCPAP has released its September 2022 Tax Update. Highlighted topics of this month’s report include the Inflation Reduction Act, Appeals Update, Late Filing Penalty Relief, and the ETAAC Annual Report to Congress.
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NCCPAP will be hosting their nest session on October 31 at 10AM ET. This session, Physical & Economic Nexus: How State Tax Laws Affect Your Clients, will include relevant advice regarding how CPAs can assist their clients regarding physical and economic nexus, what types of businesses are most likely to be audited, how to be proactive in terms of speaking with clients about moving their sales tax collection process to a professional, and what to do if they have prior exposure.
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NCCPAP has released its June 2022 Tax Update. Highlighted topics of this month’s report include updates regarding the Nationwide Tax Forums, 2022 Filing Season Processing, Direct Deposit on Prior Year Returns, Small Business/Self Employed Updates, Bots and AI, and Retirement Plan Pre-examination Compliance.
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Beginning with their August 8th event and based on direct feedback from previous attendees, NCCPAP NOW will feature a new segment: Management of an Accounting Practice (MAP). To kick-off this exciting addition, CPA icon Lynne Marcus will share her experiences as a business owner who has kept many of her original clients for over 47 years!
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