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GWSCPA Announces 2024 Scholarship Awards Program

February 13, 2024

For this year, the Scholarship Fund will make several awards ranging from $3,000 for our undergraduate and graduate student awards to $5,000 each for our two special named awards-the Past President's Award and the Sue Marcum Memorial Award. The 2024 Scholarship application for aspiring CPAs through GWSCPA is now available. Find out more by visiting the website. Application deadline is April 5, 2024.

  • society news

Lisa Stover, CPA, CGMA recently took on a new role at CLA (CliftonLarsonAllen LLP), the 8th largest accounting firm in the US.

January 10, 2024

Based in the Washington DC region Lisa Stover is now Regional Managing Principal of the Northeast, effective Jan. 1, 2024. In this role, Lisa will be leading client services and growth in the Northeast region which spans from Washington, DC to Massachusetts. Previously, Lisa Stover was Managing Principal of Office in Washington, DC.

  • member news

GWSCPA FISC provides Comments on FASAB 3-Year Plan

January 04, 2024

GWSCPA's Federal Issues and Standards Committee (FISC) provided comments on the Federal Accounting Standards Advisory Board (FASAB or "the Board") on their three-year plan.

GWSCPA FISC provides Comments on FASAB Exposure Draft

November 09, 2023

GWSCPA's Federal Issues and Standards Committee (FISC) provided comments on the Federal Accounting Standards Advisory Board (FASAB or "the Board") Exposure Draft (ED) on the proposed Statement of Federal Financial Accounting Concepts (SFFAC), Omnibus Concepts Amendment.

Councilor, Buchanan & Mitchell Welcomes Three New Partners

July 13, 2023

July 1, 2023 (Bethesda, MD) – Councilor, Buchanan & Mitchell (CBM), a full-service tax, accounting and advisory business headquartered in Bethesda, MD, is proud to announce that the following team members have been named partners effective July 1, 2023: • Angela Prochaska, CPA – Partner / Director, Tax Services • Mark Thomas, CPA – Partner • Jordan P. Egert, CPA, CFE, CDFA® – Partner / Director, Divorce and Litigation Services. Everyone at Councilor, Buchanan & Mitchell congratulates Angie, Mark and Jordan for their advancement and wishes them every success in their new leadership roles.

  • member news

Han Group Receives Recognition as One of WBJ’s Top 50 Largest Accounting Firms

April 25, 2023

Han Group is honored to announce that we have been ranked #40 among the top 50 largest accounting firms in the Greater Washington area by the Washington Business Journal.

  • member news

NASBA Announces Historic Rule Amendment Following Record Exposure Draft Response

April 25, 2023

The National Association of State Boards of Accountancy (NASBA) announces the adoption of an eagerly anticipated amendment to the Uniform Accountancy Act (UAA) Model Rules pertaining to the Uniform CPA Examination (Exam).

Accounting Today Names Councilor, Buchanan & Mitchell a Leading Accounting Firm in the Capital Region for the Third Consecutive Year

March 30, 2023

Councilor, Buchanan & Mitchell (CBM) was recognized by Accounting Today as a regional leader among accounting firms in the Capital region for the third consecutive year. Ranked by annual revenue, CBM appeared among the 15 largest accounting firms in the region, which encompasses Delaware, Maryland, Virginia, Washington, DC and West Virginia. CBM grew by 8.17% over the past year. The Capital regional leaders list is published annually by Accounting Today, a leading information source for public accountants that delivers analysis, breaking news, opinion and expert advice, and practical business-building ideas to improve businesses and client service within the accounting industry.

  • member news

Councilor, Buchanan & Mitchell and Team Members Donate $10,200 and Essential Supplies to Earthquake Victims in Turkey and Syria

March 13, 2023

Councilor, Buchanan & Mitchell and individual team members collectively donated $10,200 and essential supplies to those impacted by the devastating earthquake in Turkey and Syria. Since the crisis, individual staff donated to charitable organizations including the American Turkish Association of Washington, DC, the White Helmets, the Syrian American Medical Society Foundation, Turkish Philanthropy Funds, World Central Kitchen, Doctors Without Borders and others, and blankets, sleeping bags and lamps to the Turkish Embassy in Washington, DC. CBM matched the donations of its team members, contributing an additional amount to the American Turkish Association of Washington, DC and the White Helmets. We all express our condolences to those grieving and struggling to receive the aid and support they need.

  • member news

AICPA Drafts Action Plan to Address Pipeline Issues

March 02, 2023

Draft AICPA DPAP

MNCPA Introduces Legislation to Provide Pathway to Licensure with 120 Hours

March 02, 2023

Summary of MNCPA legislation re: 120 hours

February 27, 2023 is CPA Day in Washington, DC!

February 27, 2023

One hundred years ago today, on February 27th, 1923, a small group of professionals established the DC Institute of CPAs here in our Nation’s Capital. What began with three local businessmen has grown to become an important and influential voice in the profession not only locally, but regionally and nationally as well. Our celebration and recognition of this milestone kicks off today with a Proclamation of February 27th 2023 as “CPA Day” in Washington DC.

NASBA Releases Revised Proposed Amendments to the Uniform Accountancy Act Model Rules

February 17, 2023

On February 14, the NASBA Board of Directors approved for re-exposure changes to the Uniform Accountancy Act Model Rules for the granting of credit requirement for sections passed on the Uniform CPA Examination. The revised exposure draft increases the number of months of conditional credit provided to a candidate from 18-months to 24-months and provides greater clarity as to a Board’s authority to allowing additional time to candidates. Comments on these changes are requested by April 17, 2023. 

Dilemmas Employee Retention Credits Pose for CPAs

February 13, 2023

Many CPAs are considering (or have used) contingent fee billing arrangements to assist their clients with obtaining Employee Retention Credits (ERC). Unfortunately, many believe they’re permitted to accept contingent fees for amending their clients’ payroll tax and income tax returns. But CPAs are not permitted to charge contingent fees for amending these returns to obtain these payroll tax credits. Professional standards prohibit CPAs from charging contingent fees to prepare original or amended returns. Some CPAs erroneously believe these services fit within one of Treasury Circular 230’s or the AICPA Code of Conduct’s exceptions.

GWSCPA Announces 2023 Scholarship Awards Program

January 25, 2023

For this year, the Scholarship Fund will make several awards ranging from $3,000 for our undergraduate and graduate student awards to $5,000 each for our two special named awards-the Past President's Award and the Sue Marcum Memorial Award. The 2023 Scholarship application for aspiring CPAs through GWSCPA is now available. Find out more by visiting the website. Application deadline is April 7, 2023.

AICPA Unveils Blueprints for Redesigned CPA Exam

January 04, 2023

The future of the CPA exam is explained in the recently released AICPA blueprints for the redesigned CPA exam. The new exam is set to be launched in January 2024.

CBM Named to Bethesda Magazine’s 2022 List of Top Places to Work

November 17, 2022

Councilor, Buchanan & Mitchell (CBM) has been named to Bethesda Magazine’s 2022 list of Top Places to Work. This annual program recognizes local businesses who agreed to anonymously respond to several in-depth questions about employee engagement in a survey administrated by a third-party research group. Seventeen businesses demonstrating a deep commitment to team engagement and whose staff cumulatively delivered survey results reflecting that commitment were recognized in the November/December issue of Bethesda Magazine.

2022 Nonprofit Symposium Call for Speakers

April 18, 2022

Deadline: May 20, 2022 The 2022 Nonprofit Symposium will be a new kind of hybrid event/”season of learning” this year and we are now seeking submissions of proposed sessions. We will begin our technical sessions this year in October with virtual sessions offered weekly throughout the fall. Momentum builds until our main in person day on Tuesday December 13 at the downtown DC Convention Center. All submissions must be received electronically and will be considered by the GWSCPA Nonprofit Symposium Planning Committee, which is led by GWSCPA members. Selected speakers will be notified by June 17th, 2022. Please note that all information must be completed and should be as detailed as possible for an adequate review of your proposal though we understand that your presentation itself will still be an outline at this point. Please review the FAQ before you submit, which contains important information about what topics and presentation formats are most welcome at this year’s event. Contact Kari Bedell at kbedell@gwscpa.org if you have additional questions. FAQ: http://www.gwscpa.org/content/files/Call%20for%20Speakers%20FAQs%202022%20Symposium.pdf?vgo_ee=nqgd7Y8crhq5%2Fi7Xg2kwR735hO7C%2FF3J%2FgQB9Uu3XAY%3D

GWSCPA Seeks Board Nominations

March 28, 2022

In our 100 years as the premier membership organization serving the CPA profession in the Washington area, we have been guided by a great number of outstanding and influential leaders at the GWSCPA. Now, it could be your turn.... The GWSCPA Nominations Committee is currently seeking interested potential Board of Governors members from among our membership. All nominations are due by Wednesday 03/30/2022. If you have questions about Board service, please contact Kari Bedell at kbedell@gwscpa.org Find details and complete the nominations form for yourself or a colleague today!

GWSCPA Past President Alex Galeano Joins FASB Not-for-Profit Advisory Council

January 06, 2022

GWSCPA Past President Alex Galeano has joined FASB’s Not-for-Profit Advisory Council (NAC) effective January 1, 2022. The Society has long enjoyed participation by our nonprofit members on the NAC, and their representation of our many nonprofit sector member’s needs and concerns.