8.8.12 Reno Chapter Picnic - 8/22/2012 - RSVP Today! — To RSVP call 826-6800 Ext. 102 or email mthompson@nevadacpa.org. We are limited to 100 people so don’t wait to RSVP!!!
8.8.12 Featured CPA - Michael D. Bosma — Michael D. Bosma, of The Bosma Group P.C., is a man of many talents. Bosma is a talented, hardworking, business and family man and has also been described by his staff as an innovator and a collaborator. In 2012 Bosma’s company Bosma Group, P.C. was selected as the Reno Gazette Journal Large Company Entrepreneur of the Year. To read more about Michael Bosma click here.
7.11.12 Featured CPA - Ludmila Smith — Ludmila Smith is the 2012/2013 NVCPA Reno Chapter President, however, she is also a mother, an avid outdoors enthusiast, problem solver and volunteer. Ludmila moved to the US from Russia in 1999 and attended TMCC where she discovered her talent and interest in Accounting. She is now a sole practitioner with Ludmila Smith CPAs in Reno, NV. To read more about Ludmila visit our website.
7.11.12 MAP SURVEY - CLOSES JULY 20th — We're only 10 days away from the MAP survey deadline! Have you participated? The majority of respondents have completed the survey in less than an hour. The country's largeUst practice management survey depends on you. Participate today!
Please respond by next Friday, July 20. You can find more information about the survey here. Click here for access to a printable survey.
3.1.12 NVCPA sponsors Young Money Live event in Las Vegas — The Young Money LIVE (YML) is an engaging event and speaking tour focused on achieving financial health and personal goals in today’s fast paced and instant access environment. There are over 80 events hosted across the country in just 18 months. These events deliver relevant financial education information through a distinct platform. Colleges and universities continue to express a real desire for quality and relevant financial education to be delivered in person to their student body. Read More here. For information regarding the UNLV event click here. For information regarding the College or Southern Nevada event, click here.
1.23.12 Planning Underway for the 34th Annual Gaming Conference — The NVCPA will be presenting the 34th Annual Gaming Conference on May 22-23, 2012. Regarded as one of the most prestigious conferences in the Gaming Industry, this year's theme, "interactive.innovative.informative.", is focused on ways, ideas, and practices that are being developed to change the gaming industry in the more technologically social environment. For more information please visit our gaming page.
11.10.11 Positive Progress Announced with H.R. 674 — This afternoon, the Senate passed H.R. 674, which is now part of the “VOW to Hire Heroes Act.” This bill includes the provision to repeal the 3% withholding requirement on certain payments made to vendors by Federal, state and local government entities.
The bill will go back to the House because it was amended in the Senate to include the veterans hiring provisions. We expect the House to accept the amended bill, and we also expect that President Obama will sign it.
11.11.11 Send the Financial Accounting Foundation a Comment Letter Supporting an Independent Board for Private Company GAAP ModificationsThe AICPA is urging CPAs to immediately send a comment letter to the Financial Accounting Foundation (FAF) to help make financial reporting more relevant and less complex for millions of the nation’s businesses. CPAs are asked to respond to FAF’s Plan to Establish the Private Company Standards Reporting Council, released on October 4 for public comment, and express support for the Blue Ribbon Panel on Standard Setting for Private Companies’ recommendation that FAF create an independent board to set exceptions and modifications in U.S. GAAP for private companies. According to FAF’s proposal, decisions of the new council would have to be reviewed and approved by the Financial Accounting Standards Board (FASB), which FAF oversees.
11.10.11 Positive Progress Announced with H.R. 674— This afternoon, the Senate passed H.R. 674, which is now part of the “VOW to Hire Heroes Act.” This bill includes the provision to repeal the 3% withholding requirement on certain payments made to vendors by Federal, state and local government entities.
The bill will go back to the House because it was amended in the Senate to include the veterans hiring provisions. We expect the House to accept the amended bill, and we also expect that President Obama will sign it.
10.27.11 NVCPA Southwest Tax Conference — The third annual Southwest Tax Conference is just around the corner. The event will take place December 6th and 7th. Are you signed up yet? Read More.
10.3.11 Meet the Firms night — Friday Evening Sharon Uithoven, executive Director, Lauren Hansen, Communications Manager, represented the NVCPA at the Annual Beta Alpha Psi 'Meet the Firms' night. They were accompanied by Reno Chapter President Darrin Maddox who provided students with advice regarding how to further their careers. Maddox also infromed students of the long term benefits to being a student member of the NVCPA.The event was well attended and the NVCPA wishes all those students luck in their futures and hopes to see them at some of the future chapter meeting. For pictures of the event please visit our Facebook.
9.16.11 Tax Strategy Patents Ban is Official — President Obama signed the bill this morning. Taxpayers have won a significant victory today with the enactment of the America Invents Act, a major patent reform measure that includes a provision to eliminate tax strategy patents fought for by the AICPA and individual state CPA societies. Several NVCPA Board members have been advocating this provision for years with personal visits, letters and emails to our elected federal officials. “This certainly is a day to celebrate the effectiveness of our on-going advocacy,” notes Carlene Gaydosh, current NVCPA representative of AICPA Council and a former President and Legislation Chairman of the Nevada Society of CPAs. “This passage of this provision was indeed a hard fought victory.” Read the AICPA Press Release here.
8.16.11 The PCAOB Issues Concept Release on Auditor Independence and Audit Firm Rotation. Read the full press release here.
8.19.11 NVCPA Letter to FAF — The Nevada Society of Certified Public Accountants recently sent a letter to the Financial Accounting Foundation (FAF) urging it to adopt substantial changes to U.S. GAAP to reflect the unique needs of privately held companies. Read more here.
6.14.11 NVCPA Board of Directors — The Nevada Society of CPAs is pleased to announce the 2011-2012 Board of Directors. The Board took office at the 64th Annual Business Meeting on June 10th in Las Vegas. View Board of Directors
6.7.11 NV Legislature ends 76th Session — The Nevada Legislature ended its 76th Regular Session, while using every second during its 120-day time limit. The NVCPA has been monitoring the action and Legislature was able to pass the continuation of the sunset taxes, fund 10M for the Millennium scholarship, and much more.
Below are bills that the Nevada Society of CPAs has been following throughout the 76th Regular Session:
Your last return was married filing jointly, you were the secondary spouse on the return, and you have a different last name than your spouse.The IRS is addressing a system issue that has prevented joint filers with different last names from getting their PTIN. Please check the IRS website for updates. The link is: http://www.irs.gov/taxpros/article/0,,id=210909,00.html