Access the latest MSCPA articles plus other news and events.
-
Legislative Update
New Nonprofit Annual Report Filing Requirement Due by May 15th
Continue Reading -
AICPA and NASBA Announce Proposed Changes to the Uniform Accountancy Act
Alternate Pathway to Licensure
Continue Reading -
BOI Reporting Update
As of Press Time
Continue Reading -
AICPA and NASBA Announce Proposed Changes to the Uniform Accountancy Act
Alternate Pathway to Licensure
Continue Reading -
Board of Governors Appoints Pipeline Task Force To Consider Alternative Pathway to Licensure
At the December meeting, the Board of Governors approved the formation of a task force to consider an alternative pathway to licensure.
Continue Reading -
BOI Updates
On December 3, the U.S. District Court for the Eastern District of Texas halted the implementation of the Corporate Transparency Act (CTA) Beneficial Ownership Information (BOI) reporting requirements.
Continue Reading -
BOI Reporting Update & Concerns
FinCEN is now connecting with state societies to understand their pain points associated with filing the beneficial ownership information (BOI) reports. As background, as of July, FinCEN has only received approximately 2.5 million reports of the expected 32.6 million reports for this year. FinCEN is now focusing on raising awareness and also trying to understand any hesitation tax preparers may have in preparing the BOI reports.
Continue Reading -
MSCPA & AICPA Continue to Advocate for Accounting as STEM
On August 1, the AICPA and all 54 State CPA Societies, including Mississippi Society of Certified Public Accountants (MSCPA), sent a letter to the Department of Homeland Security (DHS) requesting DHS recognize accounting under the “T” for Technology in Science Technology Engineering Math (STEM) education.
Continue Reading -
IRS announces tax relief for taxpayers impacted by severe storms, straight-line winds, tornadoes, and flooding in Mississippi
The Internal Revenue Service (IRS) recently announced tax relief for individuals and businesses in Mississippi that were affected by severe storms, straight-line winds, tornadoes, and flooding that began on April 8, 2024. These taxpayers now have until Nov. 1, 2024, to file various federal individual and business tax returns and make tax payments.
Continue Reading -
Mississippi Legislative Session 2024
A Report on Legislative Activities for the MSCPA
Continue Reading