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  • June 3, 2019

    The FAF issued its 2018 Annual Report, “Standards That Work: Rising to Meet the Future.” It provides a glimpse of how the FASB and the GASB develop standards that work today and for the future—and how the FAF supports that process. For the FASB and the GASB, it includes robust research, implementation support, and an eye toward technical innovation. For the FAF, it includes appointing the right people to the Boards and implementing the right systems to support successful standard setting.

  • May 31, 2019

    WASHINGTON – Today the Internal Revenue Service issued a draft of the 2020 Form W-4, Employee's Withholding Allowance Certificate (PDF), that will make accurate withholding easier for employees starting next year.

  • May 22, 2019

    Montgomery, Alabama, May 21, 2019– Members of the Alabama Society of CPAs visited Alabama lawmakers in Washington, D.C. to discuss the accounting profession’s advocacy agenda. The Alabama CPAs were attending the American Institute of CPAs (AICPA) Spring Meeting of Council and Annual Members’ Meeting from May 19-21. The visits to Capitol Hill were a highlight of the AICPA meeting.

  • May 17, 2019

    Again this week, lawmakers worked three full meeting days as they took action on broadband expansion, education reform, a state lottery, economic development incentives and budgets.

  • May 10, 2019

    The Legislature worked three full meeting days this week, devoting much of its debate time to topics like abortion, criminal justice reform, medical marijuana and franchisee protection.

  • May 3, 2019

    Just as high-speed internet access pervades every aspect of modern life, the issue of expanding broadband service in unserved and underserved areas of Alabama dominated the Alabama State House this week. Bills to allow electric utilities to use their easements to offer broadband service and to enlarge a broadband grant program both advanced, along with a historic $7.1 billion education budget that sends $20 million to the grant program.

  • May 2, 2019

    MONTGOMERY, May 2, 2019 – The Alabama Department of Revenue has been awarded a 2019 FTA Award from the Federation of Tax Administrators for the department’s innovative Electronic Voluntary Disclosure Agreemen Process, which launched October 2018.

  • April 26, 2019

    The Alabama Legislature capped off another productive week in Montgomery when the Senate narrowly gave the green light to a lottery referendum Thursday afternoon. SB220 by Sen. Greg Albritton (R—Atmore), a constitutional amendment, advanced with the bare minimum needed for passage – 21 votes – only after Sen. Shay Shelnutt (R—Trussville) changed his “nay” to an “aye” at the last minute. Twelve senators voted in opposition.

  • April 19, 2019

    An ethics measure preserving confidentiality for certain economic development professionals earned swift final passage this week in the Senate, as promised by Senate President Pro-Tempore Del Marsh (R—Anniston). HB 289 by Rep. Alan Baker (R—Brewton) only needs Gov. Kay Ivey’s signature to become law.