posts on Legislative / Regulatory


Record crowd descends on Annapolis for CPA Day

Posted By: Bill Sheridan on January 30, 2015 in Legislative / Regulatory
  How big was the crowd at CPA Day in Annapolis? Big enough to spook the Statehouse security detail. As a record crowd of nearly 200 CPAs gathered on the Statehouse steps for a quick photo, a worried security guard — perhaps fearing a well-dressed protest of some kind — approached MACPA Executive Director Tom Hood and asked, “What’s up?” “We’re the Maryland Association of CPAs, just here to meet with our legislators,” Tom explained. The...

Game on! 2015 Maryland General Assembly under way

Posted By: Tom Hood on January 14, 2015 in Legislative / Regulatory
Ninety days, 2,500 bills, 188 legislators (47 senators and 141 delegates). Sixty-nine of those legislators − 37 percent − are new. We have a new governor, attorney general, and secretary of the DLLR. How many of those legislators know who CPAs are and what we care about? Not enough. How many of those bills will affect CPAs, CPA firms, and businesses? Plenty.

Franchot: Maryland needs CPAs to help ‘help families and small businesses’

There’s nothing partisan or political about Maryland’s economy. It’s all about people. The minute we forget that, says Peter Franchot, this state is in serious trouble. Maryland’s comptroller had some advice for both sides of the state’s political aisle during the MACPA’s annual Comptroller’s Luncheon, and he didn’t mince words. “It’s time to abandon the divisive rhetoric and begin talking openly and seriously about the fiscal challenges...

Are CPAs future-ready? Survey offers mixed reviews

Want to know what your problem is? I’ll tell you. It’s the same as my problem. Change. One word. Six letters. A million headaches. Legislation, regulation, generations, talent development, technological advances — they’re making our lives really, really complicated. A nearly constant stream of groundbreaking changes is sweeping over every corner of the profession, and the pace at which they’re occurring is increasing. That spells trouble for CPAs. Let’s face it,...

Proposed XBRL exemption returns. Make it go away.

Posted By: Bill Sheridan on September 14, 2014 in Legislative / Regulatory
UPDATE: As expected, the House passed H.R. 5405 on Sept. 16 by a vote of 320-102. You have to admire the determination of our elected officials. When they wrap their arms around a really bad idea, they simply will not let go. And they won’t let a little thing like common sense get in the way, either. Case in point: H.R. 5405. Also known as the “Promoting Job Creation and Reducing Small Business Burdens Act,” this proposed bill would, in part, exempt small public companies —...