California Explores Relaxing CPA Education Rules
Talking Tax29 Loka 2024

California Explores Relaxing CPA Education Rules

California regulators are prepared to walk away from strict licensing rules that require accountants to earn the equivalent of five years of college to qualify. The California Board of Accountancy has proposed reforms that would grant the certified public accountant license to candidates with a traditional bachelor’s degree plus two years of work experience in addition to passing the CPA exam. The proposal would unwind current rules that call for 150 hours of college credits to qualify—a requirement that is seen as a barrier to entering the profession. Instead, the board's draft legislation would strip the specific number of college credits from its rulebook to focus on the degree earned or the candidate’s coursework. State lawmakers would have to approve any changes. Bloomberg Tax senior reporter Amanda Iacone spoke with Dominic Franzella, the executive officer of the state accountancy board, about how California's proposal matches up against related reforms the American Institute of CPAs introduced in September and whether the state’s plans could help address the shrinking pipeline of future accountants. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Jaksot(430)

Corporate Tax Leaders Weigh AI's Risk-Reward Calculus

Corporate Tax Leaders Weigh AI's Risk-Reward Calculus

Artificial intelligence is becoming a bigger part of tax practice and policy every day. The Big Four are spending billions of dollars on AI models, and even mid-tier accounting firms seem willing to a...

23 Loka 202414min

Corporations Face Tax Uncertainty Ahead of 2025 Cliff

Corporations Face Tax Uncertainty Ahead of 2025 Cliff

The fate of the 2017 GOP tax overhaul is top of mind for corporations in the weeks leading up to the election. Many of the law's provisions are expiring in 2025, setting Congress up to negotiate anoth...

16 Loka 202411min

Tax Pros Grapple With Complex Corporate Book Tax Rules

Tax Pros Grapple With Complex Corporate Book Tax Rules

After more than two years, the Treasury Department has proposed rules to implement the new minimum tax on companies’ book income. Now comes the hard part. The regulations, which Treasury issued last m...

9 Loka 202412min

Reading Signals From Apple's $14 Billion EU Tax Ruling

Reading Signals From Apple's $14 Billion EU Tax Ruling

The European Court of Justice's ruling against Apple Inc. over a $14.4 billion Irish tax bill stunned members of the international tax community, who said it throws the high court's precedent on tax s...

2 Loka 202411min

Multistate Tax Group's Counsel Talks State Consistency

Multistate Tax Group's Counsel Talks State Consistency

The Multistate Tax Commission dates to the 1960s, yet the intergovernmental tax agency and its mission on behalf of state revenue departments are often not well understood. The map of tax laws and reg...

25 Syys 202415min

Reliving Lessons From Tax Overhaul Ahead of 2025 Cliff

Reliving Lessons From Tax Overhaul Ahead of 2025 Cliff

The GOP's 2017 tax law—the biggest change in the US tax code in three decades—left a mammoth task for the IRS and Treasury Department. It resulted in the Treasury and a severely underfunded IRS creati...

18 Syys 202415min

How House Democrats Are Readying for 2025 Tax Talks

How House Democrats Are Readying for 2025 Tax Talks

Rep. Brad Schneider (D-Ill.) likes to be prepared. Schneider and fellow House Democrats are getting behind-the-scenes briefings that started this summer to bone up on their tax policy knowledge ahead ...

11 Syys 202414min

Tax Bill, Appropriations Loom as Lawmakers Come Back

Tax Bill, Appropriations Loom as Lawmakers Come Back

Lawmakers return to Washington next week for the final sprint of legislating before the November elections, on the heels of a failed tax bill vote, and with an appropriations deadline fast approaching...

4 Syys 202415min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
rss-ootsa-kuullut-tasta
politiikan-puskaradio
ootsa-kuullut-tasta-2
tervo-halme
viisupodi
rss-podme-livebox
rss-asiastudio
rikosmyytit
the-ulkopolitist
et-sa-noin-voi-sanoo-esittaa
otetaan-yhdet
radio-antro
rss-sanna-ukkola-show-verkkouutiset
io-techin-tekniikkapodcast
aihe
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset
rss-kyselytunti
rss-tekkipodi