California Explores Relaxing CPA Education Rules
Talking Tax29 Okt 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.

Episoder(431)

Growing U.S. Gig Workforce Exposes Outdated Tax System

Growing U.S. Gig Workforce Exposes Outdated Tax System

American workers are cashing in on their side hustle, picking up small jobs through Task Rabbit, driving for Lyft, or selling jewelry on Etsy. But they owe taxes on that work. And many of these self-e...

30 Mai 201918min

Retailers Can’t Hide China Tariff Costs in Supply Chain

Retailers Can’t Hide China Tariff Costs in Supply Chain

The retail industry is grappling with a new set of tariffs on about $200 billion of goods coming in from China. David French, senior vice president of government relations for the National Retail Fede...

23 Mai 201915min

Why India’s Digital Tax Is a Sign of the Times

Why India’s Digital Tax Is a Sign of the Times

As countries across the globe debate whether to tax digital transactions, companies and their tax planners need to be prepared for a shifting tax landscape and a more transparent marketplace.    India...

16 Mai 201912min

How a Tax Perk Can Turn a Paper Mill Into a Fish Farm

How a Tax Perk Can Turn a Paper Mill Into a Fish Farm

Place-based tax incentives, like the opportunity zones program or new markets tax credit, have the potential to correct economic disparity between thriving cities and communities hungry for capital in...

9 Mai 201922min

The Evolution of the Audit Industry, and What’s Next

The Evolution of the Audit Industry, and What’s Next

It is a shared responsibility, said Cindy Fornelli, executive director of the Center for Audit Quality—the advocacy group stood up in the years after the 2002 Sarbanes-Oxley Act. The law regulated the...

2 Mai 201916min

Public Coordination Key to Opportunity Zones Success

Public Coordination Key to Opportunity Zones Success

Opportunity zone investors should focus on working with state and local governments if they want to make the most of a new capital gains tax break. The break, under tax code Section 1400Z, has attract...

26 Apr 201913min

The Statute Behind Neal’s Request for Trump Tax Returns

The Statute Behind Neal’s Request for Trump Tax Returns

When House Ways and Means Committee Chairman Richard Neal (D-Mass.) asked for six years of President Donald Trump’s tax returns, he relied on a provision in the tax code. Tax code Section 6103 says th...

19 Apr 20195min

Infrastructure Push in Congress Gets Mnuchin Boost

Infrastructure Push in Congress Gets Mnuchin Boost

Improving the country’s infrastructure system is just one of the possible places where Treasury Secretary Steven Mnuchin could align with congressional Democrats. An infrastructure plan is a priority ...

18 Mar 20198min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
stopp-verden
forklart
aftenpodden-usa
i-retten
lydartikler-fra-aftenposten
popradet
det-store-bildet
rss-gukild-johaug
dine-penger-pengeradet
rss-ness
fotballpodden-2
hanna-de-heldige
aftenbla-bla
nokon-ma-ga
grasoner-den-nye-kalde-krigen
frokostshowet-pa-p5
e24-podden
rss-penger-polser-og-politikk