Below please find daily updates pertaining to the latest in financial, business, and tax news:
FICPA: AICPA NewsFinancial Regulatory Reform Goes to President for Signature
Ballot Measure Would Modernize and Align AICPA Membership Admission Requirements With UAA Guidelines
The AICPA Council unanimously voted in May 2010 to ballot AICPA members on a proposed change to update the requirements for Institute membership. This change is a part of the first major comprehensive review of membership requirements since the 1950s. The ballot measure, if approved, would make it possible for individuals who currently hold or at one time held a valid CPA certificate to join the AICPA as voting members.
AICPA Asks Congress to Repeal New 1099 Requirements
The American Institute of CPAs has written a letter to members of the House and Senate asking them to repeal the section of the new health care law that requires businesses to report to the Internal Revenue Service any purchase from a vendor of goods or services worth $600 or more during the calendar year.
