News

The WVSCPA continues to keep its members and the public up–to–date on issues related to the accounting profession, whether it be general news about or affecting the profession, accounting and tax code updates, legislative issues, press releases, helpful news for consumers, or more.

Feb 17 2022

AICPA releases K2/K3 resources

The AICPA’s Tax Practice & Ethics Team has developed IRS Schedules K-2 and K-3 resources.
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Feb 17 2022

Latest spearphishing scams target tax professionals

WASHINGTON – With tax season in full swing, the Internal Revenue Service, state tax agencies and tax industry today warned tax professionals of new email scams that attempt to steal their tax software preparation credentials.
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Feb 9 2022

CPA Evolution will impact today’s interns. How can firms prepare?

For the past few years, the AICPA and NASBA have collaborated with stakeholders to reimagine CPA licensure through the joint CPA Evolution initiative, an effort to transform the CPA licensure model.
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Dec 29 2021

Standard mileage rates to go up in 2022

After decreasing two years in a row, the rate by which taxpayers may compute their deductions for costs of using an automobile for business purposes will go up in 2022.
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Dec 1 2021

E-signing for forms, tax compliance documents extended

In a pair of internal memos, the IRS has extended until Oct. 31, 2023, procedures that allow taxpayers and their representatives to sign digitally or by an image of their signatures an array of forms and returns as well as certain compliance-interaction-related forms and documents.
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Jul 6 2021

2021 WV CPA Month of Service

July is the WV CPA Month of Service supporting the Mountaineer Food Bank.
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Jun 7 2021

Deloitte’s MADE Commits $75 Million to Fuel Greater Racial and Ethnic Diversity in Tax and Accounting

Deloitte’s Making Accounting Diverse and Equitable (MADE) will lead the profession toward fundamental, long-term change.
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Apr 27 2021

2021 child tax credit, EITC, and premium tax credit limits updated

IRS issues adjusted amounts for 2021 child tax credit, earned income tax credit, and premium tax credit.
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Feb 12 2021

Journal of Accountancy Tax season preview

The pandemic’s effects persist, reflected on clients’ tax returns.
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Dec 29 2020

IRS issues standard mileage rates for 2021

The Internal Revenue Service today issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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