Noteworthy News Impacting the Accounting Profession

Coalition Calls Attention to New Beneficial Ownership Information Reporting Requirements

May 19, 2023

The American Institute of CPAs (AICPA) joined a coalition of organizations who have come together to make taxpayers and practitioners aware of the new Beneficial Ownership Information (BOI) reporting requirement. BOI is an anti-money laundering initiative enacted through the Corporate Transparency Act (CTA) in 2021, which mandates that BOI information is reported to the Financial Crimes Enforcement Network (FinCEN). It is estimated that there will be 32.6 million filings in 2024, and 5-6 million filings each year thereafter, with the potential for steep penalties for the taxpayer.
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Kansas Department of Labor Letter - 1099-G Forms & Unemployment Benefits

January 27, 2023

Throughout the pandemic and during the 2022 calendar year, the Kansas Department of Labor continued to process many claims. As they are currently in the process of issuing 1099-G forms to Kansans who received unemployment during that time, KDOL wanted to reach out and remind CPAs of some resources the KDOL has available if you have questions or issues related to unemployment benefits.
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KSCPA Proxy - 2022

October 10, 2022

In preparation for the Kansas Society of Certified Public Accountants (KSCPA) Annual Meeting coming up November 2, 2022, preview the 2022-2023 slate of nominees and the meeting agenda. If you are unable to attend the Annual Meeting, you may submit your vote via this proxy.
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AICPA Government Audit Quality needs your feedback

September 6, 2022

Due to the historic amount of federal pandemic funding, the AICPA Government Audit Quality Center (GAQC) is gathering auditor feedback on how it can best support you.
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KSCPA Announces New President & CEO

March 15, 2022

The Kansas Society of Certified Public Accountants (KSCPA) is proud to announce Danielle Hologram, CAE will be the ninth President & CEO of the organization. Danielle started her career with KSCPA in 2011 as the Membership & Marketing Coordinator. She was promoted to the Director of Membership, then Senior Director – Membership & Career Development, and now President & CEO.
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KSCPA Advocates for Businesses and Practitioners on Schedules K-2, K-3

February 24, 2022

The AICPA and 52 state CPA societies sent a letter to Assistant Treasury Secretary Lily Batchelder and IRS Commissioner Charles Rettig regarding widespread concerns on the Schedules K-2 and K-3 reporting.
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IRS Issues Additional Information for Schedules K-2 and K-3

February 17, 2022

Yesterday the IRS issued additional information for Schedules K2 and K3. Refer to News Release IR-2022-38 and frequently asked questions (see FAQ 15) on the IRS website.
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KSCPA calls on lawmakers to support IRS tax filing relief

January 28, 2022

Earlier this week, the KSCPA contacted all members of the Kansas Congressional Delegation to ask for their signatures on a bipartisan letter asking the U.S. Treasury Department to improve this year’s tax filing season process.
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KSCPA Member Announcement

January 10, 2022

Kansas Society of CPAs President & CEO Natasha Schamberger is Leaving; Executive Committee Initiates Search for the Next CEO
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KSCPA Advocates for Accounting as STEM Field

August 10, 2021

The Accounting STEM Pursuit Act recognizes accounting as a STEM field, which would increase student engagement with the accounting profession and, at the same time, promote diversity in the accounting workforce.
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AICPA and NASBA Release CPA Evolution Model Curriculum

June 15, 2021

Curriculum developed for accounting programs for the CPA Licensure Model changes coming in 2024, intended to enhance the skills and competencies of newly licensed CPAs.
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Deloitte Commits $75 Million to DE&I in Accounting Profession

June 4, 2021

Deloitte announced the establishment of Making Accounting Diverse and Equitable (MADE). This is great news for the profession, and the KSCPA is happy to be a partner.
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