Professional Issues


  

Maryland, Minnesota and Colorado passed mobility legislation, joining the following UAA-compliant states: Idaho, Illinois, Indiana, Kentucky, Louisiana, Maine, Mississippi, Missouri, New Mexico, Ohio, Rhode Island, Tennessee, Texas, Utah, Virginia, Washington, West Virginia and Wisconsin.

Georgia and Iowa have also taken steps to achieve full mobility. Georgia passed a mobility provision, which allows licensees from other states that have a “no notification” requirement to enter Georgia with no notice. Iowa is enacting a statute that will allow out-of-state individual CPAs to enter the state without notification. However, the CPA firm will need to obtain an Iowa firm permit if it is performing reviews or audits.

 

FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.