Progress Made on Name for Global Credential


In early October the AICPA board of directors approved a recommended name for the proposed global credential, saying those who earn it should have the right to use the initials IISBP (International Institute of Strategic Business Professionals) after their names. This mark would signify both the credential and membership in the organization, as in the examples, Jane Smith, CPA, IISBP and Jane Smith, CPA, member of the IISBP. At press time, the AICPA Council planned to discuss the recommendation at its fall meeting in late October.

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These year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.

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