State CPA Societies July 11, 2026
State CPA Society News & Updates – July 2026
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.
June 24, 2020
IRS Gives Carte Blanche to RMD Recipients
To alleviate financial stress resulting from the COVID-19 pandemic, the CARES Act suspended the rules for RMDs in 2020, including accounts of non-spouse beneficiaries. Therefore, if you had not arranged to take an RMD this year, you can just let the ...
June 24, 2020
Tipalti Helps Online Gaming Companies Automate Payments
With many people staying home amid COVID-19, the gaming industry has seen increased engagement and revenue as people seek social interaction and entertainment. Gaming businesses looking to rapidly scale to meet this demand ...
June 24, 2020
The Shifting Roles of Accountants
What is this technology and how has it changed the accounting professional’s role? The advancement of computing and the internet have allowed accountants to be more efficient at their roles of preparing budgets and taxes, calculating projections with ...
June 24, 2020
AICPA Asks IRS for Guidance on Excess Business Losses
The excess business loss is defined as the aggregate deductions for the taxable year attributable to trades or businesses of a taxpayer over the aggregate gross income or gain for the taxable year, plus $250,000 ($500,000 for a ...
June 24, 2020
In New Era of Uncertainty for Accounting Firms, Remote Workforces are a Certainty
Successful CPA firms place a premium on security and ongoing contact with clients. The remote practices, initially thought to be somewhat temporary, will most likely be permanent and will require ongoing education of employees and ...
June 24, 2020
IRS Issues Guidance on Sec 199A Deduction for RICs
The Internal Revenue Service has issued final regulations permitting a regulated investment company (RIC) that receives qualified real estate investment trust (REIT) dividends to report dividends the RIC pays to its shareholders as section 199A dividends.
June 24, 2020
The Internet Tax Freedom Act is Controversial, and Gets Locked in on July 1
A controversial law since its initial passing, tension has only increased as this permanent implementation date draws near. The loss of this revenue source isn’t welcomed by state revenue agencies, particularly as ...
June 24, 2020
Sales Taxes in the U.S.: 2020 Mid-Year Update
The midyear update to Avalara's annual sales tax changes report takes stock of what’s transpired in the world of sales tax since the start of the year. It also introduces emerging trends.
June 24, 2020
CPA Financial Planners Helped Clients Prepare for Economic Uncertainty
For their clients who own small businesses, CPA financial planners helped make sense of the provisions in the newly passed Coronavirus Aid, Relief and Economic Security (CARES) Act.
June 24, 2020
How to Modernize your Tax Practice – Part II: Empower Your Work and Team
There are many advantages to leveraging the cloud to consolidate your document storage. These include increased document accessibility, improved time management, and enhanced data security, not to mention a ...
June 24, 2020
The Case for Outsourcing Collections at Accounting Firms
Outsourcing collections is a major opportunity for your firm to refocus its time and resources toward activities that improve the satisfaction of your firm’s clientele while also supporting the firm’s bottom line.
June 24, 2020
Survey Shows Support for Travel Industry Stimulus
With only 18 percent of respondents reporting taking an overnight trip since March, the devastation caused to the hotel industry is already nine times worse than 9/11, with more than 8 in 10 hotels having to lay off or furlough...