News

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The IRS has gone to great lengths to issue warnings to taxpayers about the marketing scammers pushing you to claim the ERC without having the knowledge and expertise to perform the analysis and calculations accurately. For these folks, speaking with a trusted advisory about the new ERC-VDP may be your best strategy.

January 7 – 13 is celebrated as Tax Preparer Awareness Week (TPAW).

In a major step to help people who owe back taxes, the Internal Revenue Service today announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic.

An IRS shutdown, especially between now and April 15, 2024, will have dire consequences to the IRS, taxpayers and their practitioners.

The beneficial ownership information (BOI) reporting requirement requires small businesses including small CPA firms to report information on the “owner” of an entity beginning in 2024.

Earn 2 hours of CPE at free events put on by the Utah State Tax Commission.

The UACPA has joined AICPA and dozens of other state CPA societies to ask the Financial Crimes Enforcement Network (FinCEN) to extend and expand the deadline for beneficial ownership information (BOI) reporting requirements, specifically for Reporting Companies Created or Registered in 2024.

You will need to report your carry forward hours to CPE Audit Service.

The Utah State Board of Accountancy has extended credits that expired from Jan. 30, 2020 through May 11, 2023.

To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims, concerns from tax pros and aggressive marketing to ineligible applicants, posing unacceptable risk to businesses and the tax system.

As of January 2023, CPAs now need to report CPE through NASBA's CPE Audit Services.

Every year, the Utah Association of CPAs recognizes newly licensed CPAs, 100% membership firms and outstanding CPA professionals at the annual Inauguration & Awards Banquet. This year’s event is Thursday, September 21 at Grand America Hotel. In addition to the awards presentation, the multicultural, multigenerational, global artist and speaker, Alex Boyé. This event is open to all CPAs to come together and celebrate those in the profession.

The UACPA has called on federal legislators to support two bills that have been introduced – Senate bill S. 2623 and companion legislation in the House, H.R. 4035, the Protecting Small Business Information Act of 2023.

NASBA has announced that the Gateway System will be unavailable from Aug. 25 through Aug. 28.

Read the letter supports reinstating lapsed exam credits for exam sections passed during 2020-2023.

The IRS Taxpayer Experience Office (TXO) is hosting a one-hour focus group on a new virtual elective pay pre-filling electronic registration process for clean energy tax credits.

As part of a larger transformation effort, the Internal Revenue Service today announced a major policy change that will end most unannounced visits to taxpayers by agency revenue officers to reduce public confusion and enhance overall safety measures for taxpayers and employees.

The IRS and tax professionals continue to see a barrage of aggressive broadcast advertising, direct mail solicitations and online promotions involving the Employee Retention Credit. While the credit is real, aggressive promoters are wildly misrepresenting and exaggerating who can qualify for the credits.

UACPA members joined their partners at the AICPA in Washington, DC. to meet lawmakers on issues important to the accounting profession during the AICPA Spring Meeting of Council and Annual Members Meeting.