Ways and Means Tax Reform Draft Includes Accrual Method of Accounting Requirement for Certain Service Providers
The CPA Advocate: March, 2014. The AICPA is continuing to educate lawmakers about the harmful effect that requiring the accrual method would have on accounting firms and other service industry businesses
Published on March 31, 2014
Nearly Half of U.S. Senators Sign Letter Expressing Concern about Accrual Accounting Proposal
...Committee Chairman Ron Wyden (D-Ore.) and Ranking Member Orrin Hatch (R-Utah) encouraging them to preserve the ability of CPA firms and other businesses to use the cash basis of accounting for tax purposes
Published on August 27, 2014
AICPA and Other Coalition Members Write Senators Opposing Switch from Cash Basis Method of Accounting
The CPA Advocate: January, 2014. The AICPA and five other organizations, which represent the nation’s engineers, architects, dentists, farmers and S corporations, have banded together to oppose a proposed change in the taxation of businesses.
Published on January 30, 2014
House Small Business Subcommittee Holds Hearing on Cash Accounting for Small Firms
The CPA Advocate: July, 2014. Two CPAs testified and the AICPA’s testimony submitted for the hearing record supported the expansion of the number of taxpayers that may use the cash method of accounting.
Published on July 30, 2014
AICPA Adds Grassroots Push to Retain Cash Basis Method for Tax Purposes
...October, 2013. The AICPA, state CPA societies and their members are urging lawmakers in the U.S. House of Representatives to oppose a change from the cash basis method to the accrual method for tax purposes
Published on October 17, 2013
Preserving the Cash Basis Method of Accounting for CPA Firms
The AICPA is opposed to certain provisions included in tax reform proposals that would limit the availability of the cash basis method of accounting
Published on September 29, 2014
AICPA Continues Push to Retain Cash Basis Method of Accounting by Business Owners
...the Congressional Caucus on CPAs and Accountants, are lending their support to the AICPA’s effort to turn back a proposal that would limit the use of the cash basis method of accounting
Published on November 26, 2013
AICPA Suggests Improvements to New Cash Accounting Method Notice 2001-76
The AICPA comment letter of 02.28.2002 requests that the IRS clarify and refine Notice 2001-76, which expanded the application of the cash method of accounting to certain businesses with revenues of less than $10 million.
Published on May 20, 2013
AICPA Urges Ways and Means Chairman to Drop Accrual Accounting Provision
The CPA Advocate: May, 2014. In a letter to the House Ways and Means Committee, the AICPA maintains the loss of the cash method of accounting would penalize individuals who form partnerships.
Published on May 22, 2014
AICPA Supports New Private Company Council Developing Framework for SMEs
The CPA Advocate: June, 2012. AICPA supports FAF's planned creation of Private Company Council and is developing an OCBOA financial reporting framework for privately held small- and medium-sized enterprises.
Published on June 13, 2012