Access the latest MSCPA articles plus other news and events.
-
AICPA Spring Council Report
By Cheryl Sykes
Continue Reading -
Prince Elected to AICPA Peer Review Board
Continue Reading -
Fleshers Inducted to Hall of Fame
2020 Patterson School of Accountancy Hall of Fame inductees were Dr. Dale F. Flesher and Dr. Tonya K. Flesher.
Continue Reading -
Governor Reeves makes State Board Appointments
Continue Reading -
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).
Continue Reading -
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.
Continue Reading -
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.
Continue Reading -
MDOR Provides Guidance on Pressing Tax Issues
Due to the numerous questions received from our members regarding the tax treatment of various COVID-related relief provided by Federal and State Governments, MSCPA sent an inquiry to the MS Department of Revenue to request guidance on how MDOR interprets the taxability of such COVID-related relief and whether the related expenses would be deductible.
Continue Reading -
Tax Day for Individuals Extended to May 17: Treasury, IRS, MDOR Extend Filing and Payment Deadline
The Treasury Department and Internal Revenue Service announced March 17 that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.
Continue Reading -
Update on Mississippi Income Tax Repeal Bill
The Senate, on March 16, refused to consider House Bill 1439, the Mississippi Tax Freedom Act, which killed it due to a legislative deadline.
Continue Reading