Tuesday, December 28, 2010

Health Care Reform With the VSCPA Insurance Center: IRS Defers Application of Nondiscrimination Rules for Insured Group Health Plans

On December 22, 2010, the Internal Revenue Service released Notice 2011-1, which defers application of certain nondiscrimination requirements applicable to insured group health plans under the Affordable Care Act. This comes as great relief to plan sponsors, who would have been subject to substantial penalties with no regulatory guidance to inform them of their obligations (consequences for noncompliance include an excise tax of $100 per day per affected individual, as well as equitable relief under ERISA). Read this alert to learn more about the notice and its ramifications.


Health Care Reform Q&A is facilitated by the VSCPA Insurance Center. Have a question? Leave a comment, or contact the VSCPA Insurance Center directly. This document is not intended to imply or provide tax or legal advice and is the VSCPA Insurance Center's current interpretation of the Health Reform Bill.

Tuesday, December 7, 2010

Why Ed Supports the VSCPA Educational Foundation

CPA CafĂ© recently caught up with Ed Kearney, President & CEO of Kearney & Company in Alexandria, Va. Ed has been a strong supporter of our Educational Foundation for more than 13 years, so we asked him: “Why do you support the Foundation?” Here’s what he had to say:
“I feel strongly about our profession and believe it is important for Virginia CPAs to support the education of future CPAs. We all benefit from a larger and stronger pool of Virginia CPAs.”
So, how about you? Why do YOU support the Educational Foundation?

Wednesday, December 1, 2010

Help Decide Who Created the Perfect Acronym for C-P-A!

The American Institute of CPAs' (AICPA) website dedicated to educating students about careers in accounting, StartHereGoPlaces.com, has just counted the last entry in the Clearly Pretty Awesome Competition, and a Virginia student is a finalist!

The AICPA challenged students to come up with the crummiest, funniest "C-P-A" jobs imaginable (think "Curb Paint Applicator" or "Cheese Pastry Auctioneer"), and man, did they deliver. You should see some of the submissions they came up with.

In fact, you can do just that. Which “C-P-A” job is the best at sounding the worst? It’s time for you to weigh in. Make your selection carefully because the winners can get laptops, iPod Touches and up to $3,000 in funds for their schools. We’re even going to use the top contender in a national ad campaign!

Click here to cast your vote today. Hurry, though! Public voting ends December 10. You’ve only got a couple of weeks to help determine whose creation is most Clearly Pretty Awesome!