image
image
image

Thoughts from the CEO . . .


Granddaughter Paige & husband Randy at Shoshone Falls

It finally looks as if spring has sprung! The Idaho Legislature has adjourned "sine die" and I have uncovered my deck furniture.

The 2017 legislative session was interesting in a Chinese curse kind of way – "may you live in interesting times." The ISCPA was successful in passing legislation updating the Idaho Accountancy Act (H138) to include the current uniform definition of attest. As I write this, the legislation is on the Governor's desk awaiting his signature (or it can become law without his signature after passing both the House & Senate). Thank you to Jae Hallett & Scot Phillips at EideBailly for their stellar assistance.

As of this minute we are still awaiting the fate of the repeal of sales tax on food items (SNAP definition). Individual and corporate income tax reductions did not survive the process. Also lost was the opportunity to give a break to employers with a reduction in the unemployment tax rate. Several tax issues remain in play for next year's session. I hope you will join me at the Professional Issues Update in your area for an open discussion on the 2017 session and issues and concerns that will likely arise in 2018. Register here.

This is the time of year we ask you to consider engaging in the work of one of the ISCPA committees. The strength of our organization relies on our volunteers – to support your profession check out volunteer opportunities here.

As I mentioned in the March Adjusting Entry, my retirement date is rapidly approaching. The Executive Search Task Force welcomes interest and applications. You can push the big blue easy button on our homepage to learn more.

Mark your calendars now for the June 16, 2017 Annual Meeting. The theme of the meeting is "Let's Get Connected," so plan to plug in in person. I hope to see you there!

Here's to April 18th - Melissa

DID YOU KNOW

The ISCPA is accepting Scholarship Applications!

The Idaho Society of CPAs is currently accepting applications. Scholarships from the fund benefit college juniors and seniors majoring in accounting at an Idaho college or university. The Scholarship Fund has been established under the umbrella of the Idaho Community Foundation.

The deadline for applications for this year is April 9, 2017.

Eligibility:

  • Idaho resident
  • Majoring in Accounting
  • Either enrolled as a full-time
    1) under-graduate student at the junior or senior level (third or fourth year) at a college or university in the state of Idaho
    or

    2) graduate student at a college or university in the state of Idaho
  • Must have a minimum of two semesters, or equivalent, of schooling left after June, 2017.
  • Must have a cumulative grade point average of 2.75 or above for all class work prior to the application
  • All recipients must maintain the stated grade point for each semester the scholarship is in effect

Click here for more information about eligibility, selection criteria, and scholarship application procedures.

 



Security Tip of the Month
Scams Are Coming From All Directions


    1. The latest scam from:
  • Refund fraud criminals pretend to be a taxpayer and email or phone a return preparer to change the refund deposit account to a new number (which is generally a debit card number belonging to the criminal).
  • Caution: Preparers are now asked to place a call to a client to confirm the client’s identity before making any changes to the taxpayer’s deposit information.


  • 2. The Internal Revenue Service has received reports of an email scam that claims to be an update from a legitimate state CPA professional organization.
    Instead, it is a scam seeking to steal password information.
  • The email uses the name of a legitimate tax preparer who may also have been victimized.
  • The email contains a PDF attachment that claims to be a "Secured File."
  • The attachment contains a hyperlink to view the file that the recipient is directed to open. The link directs the recipient to a phishing site that asks for the recipients email address and password.

Caution: do not share your email password with anyone. Never open attachments or links from suspicious sources and even be cautious about opening links and attachments from sources that appear legitimate.




image