Access the latest MSCPA articles plus other news and events.
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Koerber Named to AICPA Team
Financial Forensics Champion Leadership Team
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IRS Waives $1.2 Billion in Late-Filing Penalties for Income Tax Returns
To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service today issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late.
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MDOR Issues Guidance on ERC and GEER Funds
The Mississippi Department of Revenue (MDOR) issued the following statements to MSCPA regarding Mississippi tax treatment of the Employee Retention Credit (ERC) and the Governor’s Emergency Education Response Fund (GEER).
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Flesher Awarded Life Membership in the Academy of Accounting Historians
Tonya k. Flesher was honored at the recent American Accounting Association Annual Meeting in San Diego by being awarded life membership in the Academy of Accounting Historians.
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Prince Elected to AICPA Peer Review Board
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AICPA Spring Council Report
By Cheryl Sykes
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Governor Reeves makes State Board Appointments
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Proposed Quality Management Standards Will Affect Every Firm With an Accounting and Auditing Practice
The American Institute of CPAs’ (AICPA) Auditing Standards Board (ASB) has issued the exposure draft (ED), Proposed Quality Management Standards (QM), that includes three interrelated standards which address the way CPA firms manage quality for their accounting and auditing practices.
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DOL to Conduct Audit Quality Assessment of 2020 Plan Year Filings
The DOL Employee Benefit Security Administration (EBSA) Office of the Chief Accountant (OCA) is planning to conduct a study to assess the quality of audit work performed by independent qualified public accountants (IQPAs) with respect to financial statement audits of employee benefit plans covered under the Employee Retirement Income Security Act of 1974 (ERISA) for the 2020 Form 5500 filing year (plan years beginning in 2020).
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MSCPA Advocates for Tax Relief for Mississippi Following Hurricane Ida
Mississippi now has until November 1 to file various individual and business tax returns and make tax payments.
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