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  • Texas Society of CPAs: Analysis of Legislative Proposals on Domestic Oil & Gas Exploration & Development

    April 9, 2012
    The Texas Society of CPAs Federal Tax Policy Committee issued their "Analysis of Legislative Proposals to Repeal Certain Tax Treatments of Domestic Oil and Gas Exploration and Development" dated February 2012.

    They Concluded: "Long-standing tax policies and tax accounting treatments are appropriate and necessary to attract investors to energy exploration and development projects. Oil and gas exploration and production is important to the economies of Texas and other energy producing areas of the U.S. Without these tax treatments, capital may not be available for many oil and gas projects, resulting in loss of jobs, a slower economic recovery and more dependence on less reliable foreign energy sources.

    Changes to the tax benefits that have helped build a strong energy industry affect Texas and American businesses and households. Congress should carefully consider the far-reaching effects of any proposed changes.
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  • Feeling of Information Overload? You May be an E-hoarder

    March 11, 2012
    Do you feel overwhelmed by the number of emails you receive and send that have accumulated? Last time I checked, the number of emails stored in my Microsoft Outlook is embarrassing. When I ran across this article in "Network World," it dawned on my that I may have to confess that I am an "E-hoarder." Like most accountants, we don't want to dispose of anything that we might need at a later date. This used to be paper, and now it's emails. Check out this article.
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  • KSCPA Members Named 2012 Thought Leaders

    February 22, 2012
    CPA Practice Advisor hosted its annual Thought Leader Symposium and Accounting Hall of Fame Banquet in Dallas. The event featured the profession's most respected professionals.
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  • KSCPA Ranks Fifth on Wichita Business Journals: "Top of the List"

    February 10, 2012
    The Wichita Business Journal publishes "Top of the Lists" for its book of lists, and the KSCPA has ranked fifth in the Professional and Trad Organization category.
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  • BusinessFinance: "Why You Need Internal Audit at the Table"

    February 2, 2012
    An interesting article in BusinessFinance discusses a recent survey of more than 500 audit and compliance professionals conducted by ACL Services. The survey provides some interesting insights into how internal auditors see their role within an organization, as well as the role of auditing technology in adding value to an organization.

    Interested in this topic? Sign up for the KSCPA Risk Management Conference on May 7 on the KSCPA website.
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  • Third Party Verification Letters by CNA

    January 25, 2012
    Increasingly, CPAs are receiving requests from clients, lenders, loan brokers, health insurance providers, adoption agencies, regulators and various other agencies to confirm client information. In most cases, CPAs are asked to sign a confirmation letter containing specific language, a verification statement or a certification form.

    The information may relate to a pending loan, employee medical insurance, child adoption application or use-tax certification. The most common type of requests is associated with mortgage loan applications of tax return preparation clients who are self-employed.
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  • KSCPA Member to Serve on Kansas Senate Bipartisan Tax Study Group

    December 30, 2011
    Ronald C. Shortridge, CPA, CFO, Cattle Empire, LLC has been selected as one of seven non-legislators to serve on Sentate President Steve Morris' bipartisan tax study group.
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  • Kansas Public Employees Retirement System to Move to Defined Contribution

    December 7, 2011
    The Kansas Public Employees Retirement System (KPERS) will move to a defined contribution plan for new-hires after July 1, 2013 and the roughly 53,000 un-vested KPERS members. Currently, KPERS is a "defined benefit" plan, a guaranteed pension system based on years of service and salary.
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