Access the latest MSCPA articles plus other news and events.
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HOUSE BILL 1671: Credits Available for Contributions to Eligible Transitional Housing Organizations (ETHO)
House Bill 1671 of the 2023 Regular Session allows for a tax credit for voluntary cash contributions to eligible transitional home organizations (ETHO). This credit is available to both Individual and Business taxpayers.
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Education Foundation Awards $49,000 in Scholarships
The Education Foundation of the Mississippi Society of CPAs recently awarded $49,000 in college scholarships for the Fall 2023 term. Founded in the early 1970s, the Foundation seeks to promote accounting education in Mississippi colleges and universities by helping students pursue a CPA career.
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SENATE BILL 2077: Charities Audit Threshold
This bill passed during the 2023 Legislative Session is significant to members and clients. Beginning July 1, 2023, the new filing threshold for audited financial statements has been increased from $500,000 to $750,000 for those charitable organizations receiving monetary donations.
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MSCPA Names 2023-2024 Officers
The Mississippi Society of Certified Public Accountants’ (MSCPA) elected Jerry Goolsby as Chairman of the Board of Governors. The announcement was made during the MSCPA Annual Business Meeting on June 24, 2023.
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MSCPA Visits Capitol Hill to Discuss Issues Important to the Accounting Profession
Last month, MSCPA members met with our Representatives and Senators or their staff on issues important to the accounting profession during the AICPA Spring Council meeting in Washington, D.C.
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IRS Issues Tornado Tax Relief for 4 MS Counties
MS-2023-02, March 27, 2023
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AICPA Expresses Strong Support for Bipartisan, Bicameral Supply Chain Disruptions Relief Act
LIFO Issue
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Governor Signs MSCPA Pass-Through Entity HB1668
Governor Tate Reeves signed the MSCPA’s pass-through entities technical corrections bill on March 23, 2023.
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MDOR Follows Federal Tornado Tax Relief Extensions
MDOR announced that Mississippi will follow federal extensions granted to victims of the severe weather.
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MS Moves Forward with Remote Software Sales Tax Legislation
SB2449 was signed by the Governor and will become effective July 1, 2023.
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