NEWS

CPA Profession Facing More Battles Across the Country

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Disputes revolve around required hours, definitions and “substantial equivalency.”

By Steven Sacks
The NEW Fundamentals: Thriving in Disruption

Of all the states whose legislature has run amok this past year, the Florida legislature passed House Bill 813 – Certified Public Accountants – by both the Florida House and Senate. This bill creates a new “retired status” license category for CPAs. The legislation will now be sent to Gov. Ron DeSantis for consideration for being signed into law.

MORE: 150 Hours Revisted: The Profession Needs a Makeover | How Do You Value Your Most Important Asset? | Which is Better: A Year of Education or A Year of Experience? | Sell Service, Not Hours | Private Equity vs. the CPA Firm Partnership | CAS or CAAS? Getting Clarity | Fine-Tuning the Subscription Fee Model | When Cyber-Crime Hits Close to Home | How to Build a Winning Proposal | Six Ways to Fix Your Firm Agreement
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According to the Florida Institute of CPAs CEO, the thinking behind this is to “… uphold retired CPAs’ profound sense of pride and accomplishment and preserve their professional identity.” However, they cannot reflect to the public that they have an active license because many believe the public thinks that if you have “CPA” after your name, you have an active license. If an individual wants to return to public practice, they can complete 80 hours of CPE every two years as part of renewing their license.

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Bill Gates Behind Next-Generation Nuclear Plant

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The new plant could be in operation as early as 2029. 

By Rick Richardson
Technology This Week

Even by Wyoming standards, Kemmerer is far away – it’s a 50-mile diversion from Interstate 80.

MORE: Your Boarding Pass Could Onboard Hackers | Generative AI Coming to Microsoft 365 | Electronic Skin That Can Sense Touch Will Transform Robotics | ChatGPT Passes CPA Exam on Second Try | Stanford Scientists 3D-Print Heart Tissue | Four of Today’s New Technologies That Will Be Tomorrow’s ‘Norm’ | Cyber Insurance Costs Rise in Health Care as Attacks Soar | Phishing Attack Hackers Have a New Trick
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It draws tourists who stop by to look for local fossils, even though its elevation is higher than its population. However, different types of fossils, or fossil fuels, produce the best jobs. Three power plants are powered by a coal mine and gas wells, which together employ around 450 people. However, Kemmerer officials see the writing on the wall with the declining use of fossil fuel and all the efforts to migrate to cleaner energy.
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Why the U.S. Must Act Now to Protect Our Online Privacy

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Lawmakers need to step up. Don’t expect Big Tech to help.

By Jonathan Baron

I’m thankful for the European Union. They watch out with much more diligence to protect privacy and do so with an eye to cybersecurity as well. But at least our regulators in the U.S. are fairly good, but slow, followers.

MORE CYBERSECURITY: Top Tax Vendors Caught Red-Handed Selling Private Taxpayer Data | How Hacker-Proof is Your Firm? | It Takes a Village to Stop Cybercrime | One-Third of Cyber Attacks Involve Small Businesses | Cyber Insurance Costs Rise in Health Care as Attacks Soar | The Why, What and How of Cybersecurity for Accountants | When Cyber-Crime Hits Close to Home | Cybersecurity for Tax Professionals |

MORE JON BARON: Top Tax Vendors Caught Red-Handed Selling Private Taxpayer Data | Client Accounting Services Poised to Surge in Post-Corona World | Tax Pros Retake Market Share from DIYers | Three New Technologies that Will Change Everything [VIDEO] | Economic Mega-Trends [VIDEO] | Today’s Best Opportunities for Accounting Firms [VIDEO] | Re-Invest in Your Firm or Get Out? [VIDEO] |  When Tax Work Dies [VIDEO] |  The Big Shift and The Shakeout [VIDEO] | Why the U.S. Lags the World in Tax Tech [VIDEO]

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I was reminded of this because the other day, I received my quarterly report from DeleteMe, which I use to periodically clean up my data being bought and sold without my knowledge on the open market. Since our last report, my wife and I have had over 20 new third parties needing cleanup. Unbelievable.

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Remembering John Stokdyk

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John Stokdyk
Stokdyk

The profession mourns a loss.

By Seth Fineberg
At Large

How does one honor a life? It’s a heavy thing upon initial approach. But when you start from a point of celebration of what was lived and not mourning what was lost, I think you begin down the right path. But this isn’t about me or anyone other than the man I knew barely eight years of chronological time and who, I believe, should be remembered in the accounting community.

MORE SETH FINEBERG: Who’s in Control? You? Or Your Clients? |  Time Management Rule #1 for Accountants |  Plan to Go ‘Live’ Post Tax Season |  Why VC Is a Bigger Threat Than AI  |   What Does Taking Control of Your Firm Mean? | Accountants Need Each Other More Than Ever | Marchternity: Just Say ‘No’ | Some Thoughts on In-Person Events | So You Think You Know Accountants? | What Bogs Down Accountants

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To know John Stokdyk as an editor, thinker, avid statistician and collector of all manner of data on accountants and related technology only touches the surface. I met him as he still held the Editor title of AccountingWEB UK, which still boasts the largest audience of accountants in the UK. He and then AccountingWEB US Publisher Andy North interviewed me for the vacant Managing Editor role here.

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