You are looking at the devastation and aftermath of the recent storms and tornadoes and wonder how we are ever going to recover. Take a deep breath and pace yourself! This has happened before and the communities have recovered. I know it is easier said than done. Everyone’s comfort zone has disappeared.
Changes to the nation’s tax system are on the horizon, and one of the biggest impacts will likely be a reinvigorated, well-funded IRS. And a well-funded IRS certainly means an increase in IRS audits. Businesses and high-income individuals would be well-advised to get their houses in order ahead of a potential wave of aggressive IRS reviews of tax returns and the consequent audits.
Firms established by pioneering Black CPAs decades ago created an indelible legacy within the accounting profession. Built by Black CPAs who succeeded despite adversity, the firms continue to play an important role in the profession’s recruitment and advancement initiatives, and with the clients they serve. Here are a few examples.
New CPE requirements began on January 1, 2021. If you need further clarification, please contact the Kentucky State Board of Accountancy at cpa@ky.gov or visit cpa.ky.gov.
