For Immediate Release
Leadership of the RI Society of CPAs Participated in the American Institute of CPAs (AICPA) Annual Meeting May 19-21 in Washington, DC
Cranston, RI, May 31, 2019 – RI Society of CPAs President Melissa Travis and Board Chair John Ayers recently participated in two days of panel discussions and meetings centered on national advocacy issues for the accounting profession as they attended the American Institute of CPAs (AICPA) Spring Meeting of Council and Annual Members’ Meeting held in Washington, DC from May 19-21. A highlight of the Spring Meeting included a visit to lawmakers on Capitol Hill to discuss issues relevant to the profession.
“It’s very important we join with our counterparts from other Societies to participate in the profession’s annual meeting and join the visits to elected officials on Capitol Hill to discuss the issues that are not only important to the accounting profession but also to the taxpayers they represent,” says RISCPA President Melissa Travis.
At the top of the profession’s list of issues are modernizing the Internal Revenue Service’s (IRS) taxpayer services, changing the trigger that allows the IRS to grant deadline extensions when natural disasters occur, the growing importance of taxation of the digital economy and a Congressional resolution relating to the fiscal state of the nation.
Representatives from the AICPA told lawmakers that creating a unified Practitioner Services Division within the IRS is one of the best ways to improve taxpayers’ services. It would help tax preparers solve their clients’ tax issues by consolidating existing IRS units in the new division. Currently, the programs are spread throughout the IRS and the operating systems for the programs do not easily communicate or integrate or even have access to the same taxpayer information.
Congress can also help taxpayers by enacting legislation that would give the IRS the authority to postpone deadlines when a national disaster is declared by a state’s governor, which often occurs days before the disaster occurs, rather than waiting for a federal disaster declaration, the CPAs said. The AICPA, RISCPA and other Societies have long worked for a set of permanent disaster relief tax provisions, but enactment of this new legislation would provide more timely assistance and certainty to tax preparers and taxpayers.
The CPAs also asked their lawmakers to support a Congressional fiscal state of the nation resolution calling for the Government Accountability Office (GAO) Comptroller General to make a presentation to a joint session of the House and Senate Budget Committees on the GAO’s auditor’s report of the U.S. government’s financial statements.
In addition, the CPAs advocated for sound tax policy as they discussed with lawmakers the complex and unique tax challenges presented to governments and tax authorities around the world by the advancement of technology and the digital economy.
RISCPA leadership now will provide updates to its Board and to all RI Society members on the most pressing issues facing the profession which were highlighted at the annual Spring Meeting.
For more information, please visit the Society website at https://www.riscpa.org
About Rhode Island Society of CPAs:
The Rhode Island Society of CPAs is the statewide professional membership association for CPAs. RISCPA members include public practice, business and industry, government, and education. The Certified Public Accounting profession serves the public interest and the free enterprise system. RISCPA was formed in 1905.
Donna Perry, Communications Director
RI Society of CPAs
Please contact Rhode Island Society of CPAs for additional information contained within the release; no copies or distribution without prior consent is allowed.