Western CPE Blog
Breaking tax and accounting news and analysis from the experts at Western CPE.
Montana CPE Requirements: What Accountants Need to Know
Introduction Staying compliant with Montana’s Continuing Professional Education (CPE) requirements is essential for licensed accountants and financial professionals. With the license renewal deadline of December 31 approaching, now is the time to ensure your CPE credits are in order. In this post, we’ll break down Montana’s CPE requirements, highlight common challenges, and provide solutions to help you meet your reporting obligations with confidence. Overview of Montana’s Accounting CPE Requirements To maintain an active CPA license in Montana, professionals must adhere to the following CPE requirements: Key Details CPA License Renewal Deadline: December 31 (annually)CPE Reporting Period: January 1 to December 31 over a three-year …
Utah CPE Requirements: Everything Accountants Need to Know
Introduction Staying compliant with Utah’s Continuing Professional Education (CPE) requirements is essential for accountants and financial professionals. With the license renewal deadline approaching on December 31 of even-numbered years, now is the time to ensure you meet all reporting standards. This guide breaks down Utah’s CPE requirements, identifies common challenges, and offers solutions to streamline compliance. Overview of Utah Accounting CPE Requirements Understanding Utah’s CPE requirements is the first step toward compliance. Below is a clear summary of the key points: License Renewal Deadline December 31 of even-numbered years. CPE Reporting Period January 1 to December 31 biennially, ending on even-numbered …
Tennessee CPE Requirements for CPAs: Your Guide to Compliance
Introduction Maintaining compliance with Tennessee’s Continuing Professional Education (CPE) requirements is vital for Certified Public Accountants (CPAs) to keep their licenses active and uphold professional standards. With deadlines fast approaching—December 31 for even-numbered licenses in even years and odd-numbered licenses in odd years—there’s no better time to ensure you’re on track.In this post, we’ll break down Tennessee’s CPE requirements, highlight common challenges CPAs face, and provide resources to make compliance easier. Whether you’re finalizing credits or planning ahead, we’ve got you covered. Overview of Tennessee Accounting CPE Requirements Tennessee CPAs must fulfill specific CPE requirements within a biennial reporting period …
South Carolina CPE Requirements: Everything You Need to Know to Stay Compliant
Introduction Staying compliant with South Carolina’s Continuing Professional Education (CPE) requirements is critical for accountants and financial professionals. With the license renewal deadline quickly approaching on January 31, now is the perfect time to ensure you meet the state’s annual CPE requirements.This guide outlines South Carolina’s specific CPE requirements, reporting deadlines, and common challenges professionals encounter. By the end, you’ll have a clear path to compliance and a plan for choosing the right courses to meet your needs. Overview of South Carolina Accounting CPE Requirements To maintain your license in South Carolina, you must fulfill the following CPE requirements:Total CPE Hours …
Oklahoma CPE Requirements: A Guide for Accountants and Financial Professionals
Introduction Staying compliant with Oklahoma’s Continuing Professional Education (CPE) requirements is a crucial part of maintaining your CPA license. With strict guidelines and a rolling triennial reporting period, ensuring you meet all necessary credit hours can feel overwhelming.As Oklahoma CPAs approach the end of their annual reporting period, it’s essential to act now to fulfill these obligations and avoid penalties. In this guide, we’ll break down Oklahoma’s CPE requirements, highlight common challenges, and provide actionable solutions to help you stay on track. Overview of Oklahoma’s Accounting CPE Requirements Understanding Oklahoma’s CPE requirements is key to maintaining your license. Below is …
IRS Provides Transition Relief for Third-Party Settlement Organizations
On November 26th, the IRS issued Notice 2024-85, which provides transition relief for third-party settlement organizations (TPSOs) like PayPal, Venmo, and CashApp. The reporting threshold for 2024 will now be $5,000, dropping to $2,500 in 2025 and $600 in 2026 and beyond.Notice 2024-85 also specifies that for calendar year 2024, the IRS will not assert penalties under section 6651 or 6656 for TPSOs that fail to withhold and pay backup withholding tax during that year. The Background of 1099-K Reporting Threshold Changes These new reporting rules were first introduced as a part of the American Rescue Plan Act in 2021 …
Ohio CPE Requirements: What You Need to Know
Introduction Staying compliant with Ohio’s Continuing Professional Education (CPE) requirements is essential for CPAs and financial professionals to maintain their licensure. With the triennial license renewal deadline fast approaching on December 31, now is the time to ensure your credits are up-to-date and meet the state’s specific requirements.In this post, we’ll cover everything you need to know about Ohio CPE requirements rules, common challenges professionals face, and how you can easily meet the requirements with the right courses. Overview of Ohio’s Accounting CPE Requirements Ohio CPAs must adhere to a detailed set of rules to maintain their active licenses. Below is …
North Carolina CPE Requirements: A Guide to Staying Compliant
Introduction Maintaining compliance with North Carolina’s CPE requirements is essential for accountants and financial professionals to keep their licenses in good standing. With the June 30th renewal deadline and the end of the CPE reporting period approaching, now is the time to ensure your CPE credits are in order. This guide will help you navigate North Carolina’s CPE requirements, avoid common pitfalls, and stay on track with your professional development. Overview of North Carolina Accounting CPE Requirements NC CPE requirements ensure that CPAs stay current in their knowledge and skills. Here’s what you need to know: Total CPE Requirements Minimum …
New York CPE Requirements: A Guide for CPAs
Introduction Staying compliant with New York’s Continuing Professional Education (CPE) requirements is essential for maintaining your CPA license and staying ahead in the field of accounting. With specific rules around credit hours, subject areas, and reporting deadlines, understanding these requirements is crucial to avoid last-minute stress.In this guide, we’ll break down New York State CPE requirements, address common challenges CPAs face, and provide actionable solutions to help you meet your obligations. Whether you’re renewing your license or planning for the year ahead, this post will guide you through the process with ease. Overview of New York Accounting CPE Requirements NYS …
Nevada CPE Requirements for Accountants: Stay Compliant Before CPE Deadline
Introduction As an accounting or financial professional in Nevada, staying compliant with the state’s Continuing Professional Education (CPE) requirements is essential to maintaining your license and professional reputation. With the annual license renewal deadline on December 31, it’s important to act now to ensure you meet the state’s standards.This guide will break down Nevada’s CPE requirements, address common challenges accountants face, and help you navigate your reporting obligations confidently. Overview of Nevada Accounting CPE Requirements Here’s a clear overview of the key CPE requirements for Nevada: Important Dates CPA License Renewal Deadline: December 31 (annually).CPE Reporting Period: January 1 to December …
Nebraska CPE Requirements: What You Need to Know
Introduction Staying compliant with Nebraska’s Continuing Professional Education (CPE) requirements is crucial for accountants and financial professionals. With the biennial license renewal deadline on June 30 and a CPE reporting period ending December 31, it’s essential to stay on top of your continuing education credits to avoid penalties or disruptions to your practice.In this guide, we’ll break down Nebraska’s CPE requirements, discuss common challenges professionals face, and provide actionable steps to simplify compliance. Overview of Nebraska’s Accounting CPE Requirements Nebraska CPE requirements are structured to ensure financial professionals maintain and enhance their skills. Here’s a breakdown of the key points: Total Credit Hours …
Missouri CPE Requirements: Stay Compliant and Avoid Last-Minute Stress
Introduction As a certified public accountant or financial professional in Missouri, staying compliant with the state’s Continuing Professional Education (CPE) requirements is essential to maintaining your license. With the annual reporting deadline on March 1st for the prior calendar year’s credits and the biennial license renewal deadline on September 30th, it’s crucial to ensure your CPE is up to date.This guide will walk you through Missouri’s CPE requirements, highlight common challenges professionals face, and provide actionable steps to make compliance easy. Overview of Missouri Accounting CPE Requirements To maintain an active CPA license in Missouri, professionals must adhere to the following CPE requirements: …
Louisiana CPE Requirements: Stay Compliant and Prepared
Introduction Remaining compliant with Louisiana’s Continuing Professional Education (CPE) requirements is crucial for maintaining your CPA license and ensuring your professional growth. With the license renewal and CPE reporting deadline fast approaching on December 31, now is the perfect time to review the state’s guidelines and take action. This post outlines Louisiana’s CPE requirements for CPAs, highlights common challenges, and provides guidance on how to stay compliant. Overview of Louisiana Accounting CPE Requirements Louisiana’s CPAs must adhere to specific CPE reporting requirements to renew their licenses. Below is a summary of the key guidelines: Key Louisiana CPE Deadlines License Renewal …
Iowa CPE Requirements for Accountants and Financial Professionals
Introduction Staying compliant with Iowa’s Continuing Professional Education (CPE) requirements is crucial for maintaining your CPA license and upholding professional standards. With a potential CPE reporting period that ends on December 31 for the annual renewal deadline of June 30, it’s important to ensure you’ve met the required credit hours well before the reporting period ends. This post will provide a comprehensive overview of Iowa’s CPE reporting requirements, highlight common challenges, and offer practical solutions to simplify compliance. Overview of Iowa’s Accounting CPE Requirements Iowa CPAs must meet specific requirements to renew their licenses. Here’s a breakdown of the key details: …
Indiana CPE Requirements: Your Guide to Staying Compliant
Introduction Meeting Indiana’s Continuing Professional Education (CPE) requirements is essential for accountants and financial professionals to maintain their licenses and stay ahead in their careers. With the upcoming reporting deadline for the 2021–2024 cycle just around the corner, now is the time to ensure you’re on track. This post will guide you through Indiana’s CPE requirements for CPAs and other designations, address common challenges, and highlight solutions to make compliance easier. Overview of Accounting CPE Requirements in Indiana Understanding Indiana’s CPE requirements is crucial to staying compliant and avoiding unnecessary stress. Here’s what you need to know: Indiana CPA License …
Idaho CPE Requirements for Accountants and Financial Professionals
Introduction Staying compliant with Idaho’s State Board of Accountancy CPE requirements is essential for accountants and financial professionals to maintain their licenses and build trust with clients. With the annual license renewal deadline on June 30 and a rolling biennial CPE reporting period, understanding these requirements is key to avoiding penalties and staying on track.In this guide, we’ll cover Idaho’s accounting CPE requirements, highlight common challenges, and provide actionable steps to simplify compliance. Whether you’re a seasoned professional or newly licensed in Idaho, this post will help you navigate the essentials with ease. Overview of Idaho’s Accounting CPE Requirements Idaho’s CPE …
Arkansas CPE Requirements for Accountants and Financial Professionals
Introduction As a licensed accountant or financial professional in Arkansas, staying compliant with the state’s Continuing Professional Education (CPE) requirements is critical to maintaining your license. With the annual license renewal deadline approaching on January 1, now is the time to ensure you meet all necessary criteria. In this post, we’ll cover everything you need to know about the Arkansas State Board of Accountancy’s CPE requirements, including credit hour mandates, subject area specifics, and common challenges. We’ll also outline practical steps to help you navigate these requirements with confidence. Overview of Arkansas Accounting CPE Requirements Arkansas accountants and financial professionals …
Accounting CPE Requirements in the District of Columbia
Introduction Staying compliant with the District of Columbia’s CPE requirements is essential for maintaining your CPA license and professional credibility. With the license renewal deadline quickly approaching on December 31 of even years, now is the time to ensure your CPE credits are in order. In this guide, we’ll outline D.C. CPE requirements, address common challenges, and share solutions to help you meet your obligations before the year-end deadline. Overview of Washington D.C. CPE Requirements To renew your CPA license in the District of Columbia, here are the key requirements you must meet: Total CPE Credit Hours 80 CPE hours are required …
California Corner: California’s 15-Day Rule for New Businesses
By: As we approach the end of the year, it’s a good time to discuss the 15-day rule with your clients. Understanding the 15-day rule and realizing the rule only applies to short taxable years that are 15 days or fewer, is very important for your client’s decision about when to register their business entity with the California Secretary of State.The 15-day rule states that business entities (limited partnerships, limited liability partnerships, limited liability companies, and corporations) with a taxable year of 15 days or fewer are not required to file a tax return or pay the $800 annual/minimum tax, if …
Court Invalidates DOL Overtime Rule Nationwide
On November 15, 2024, the US District Court for the Eastern District of Texas retroactively invalidated a Final Rule from the Department of Labor (DOL) that had increased the minimum salary threshold for certain employees to be considered exempt from overtime pay under the Fair Labor Standards Act (FLSA). The rule was originally effective on July 1, 2024. An earlier ruling applied only to the State of Texas, but this decision affects all employers nationwide. The final rule provided staged increases to the standard salary level necessary for exemption from overtime pay for executive, administrative, and professional (EAP) employees. The …