Congratulations! You’re a new graduate! You’ve made it through four years of rigorous study hours and assignments that made you question your sanity. Now you’re part of the “real world,” so you can put all the knowledge and skills you have obtained to good use. But, your knowledge will only take you so far; you’re […]
Displaying: CPA
CPA Exam testing expands to India
It’s no surprise that the COVID-19 pandemic has thrown CPA Exam preparation for a loop. Testing center closures have forced many candidates to adjust their CPA Exam study schedules, seek NTS extensions from state boards, and, in some cases, ask for extensions to their 18-month testing window. Fortunately, NASBA, AICPA, and Prometric have been rolling […]
NASBA, AICPA and Prometric issue joint statement announcing emergency testing period
In an email sent to CPA Exam candidates on March 25, 2020, NASBA, AICPA and Prometric announced their decision to offer additional testing opportunities. The 2020 Q2 testing window will be extended from June 10, 2020, to June 30, 2020, (what was previously a blackout period). Previously, Prometric announced it would be closing its testing […]
Pearson VUE Announces Response to COVID-19
In response to COVID-19, Pearson VUE is monitoring the situation and is making decisions about test center operations in accordance with Government and local authorities. As of right now, their guidance is to attempt to reschedule your exam through your online Pearson VUE account. If you have additional questions regarding voucher usage or testing windows, […]
How COVID-19 Is Impacting Tax Filing
With the Coronavirus pandemic across the United States, the US treasury secretary has announced that Americans will have an additional three months to file their taxes. This means that ‘Tax Day’ is now July 15th – and all taxpayers and businesses will have this additional time to file and make payments without interest or penalties. […]
NASBA recommends Notice to Schedule extensions for CPA Exam
As we shared recently, Prometric are closing their U.S. and Canadian testing centers until at least April 16 in response to the recommended measures to prevent the spread of COVID-19. This means that all current students in the process of testing will receive emails to reschedule after the closure ends, with no rescheduling fees applied. […]
Form 1040 Filing Date Not Extended
Treasury Secretary Steven Mnuchin stated at a press conference on March 17, 2020 that the payment deadline would be extended 90 days from April 15, 2020. His comments did not alter the Form 1040 filing deadline of April 15, 2020. Individuals can defer up to $1M, and corporations are able to defer up to $10M […]
Non-Filers Beware
The IRS recently announced a renewed focus on non-filers by way of Information Release 2020-34 and Fact Sheet 2020-2. Both were issued on February 19, 2020 and warn of the IRS increasing face-to-face visits with high-income taxpayers who have not filed tax returns in 2018 or previous years. The IRS has hired additional enforcement personnel […]
FAQs: The future of the CPA
It’s no secret that the accounting profession is changing and with it, so is the future of the Certified Public Accountant (CPA). Whether it’s the rise of blockchain, or new business environments for entry level roles at accounting firms, CPAs are going to experience the lot of it in the years to come. So it’s […]