ISCPA's 2020 Member-Only Ethics Payment of your 2020 dues opens the opportunity for you to register for "Creating an Ethical Organizational Culture." Be sure to take advantage of this great member benefit - 2 complimentary ethics credits! Idaho General Ethics - this is what most ISPCA Members take. Idaho CPAs must report a minimum of 4 ethics credits every 2-year period. If you take ISCPA's member-only ethics 2 credit course every year, you are covered. Idaho State Specific Ethics - for those CPAs that become licensed in Idaho this year. REGISTER NOW Don't forget - complete this ethics webinar by 10.1.20 to be entered into the 2021 complimentary dues drawing - (the winner be announced in the Monday Takeaway!)

Legislative Update - Idaho's conformity bill, H0380 , passed the Senate last week. It was sent to the Governor and should be signed as soon as tomorrow, February 19th. This bill updates Idaho Code section 63-3004, to January 1, 2020. We will send out a Member Alert when it becomes law. The Conformity bill specifies- Medical expense threshold reduced back to 7.5% of AGI on Schedule A Mortgage insurance deduction Mortgage debt relief excluded from income Tuition expense deduction Energy efficient commercial building Support contractors for armed forces Investment Tax Credit for energy property Foreign subsidiary expense deductions 5-year cost recovery for energy property Increase age of mandatory distributions 70.5 to 72 years Payment of student loans are now a qualified 529 withdrawal   Our ISCPA Advocacy Page is a great place to start if you are interested in what's going on at the Capitol. You can find information and links to numerous services.

SECURE Act & Other 2019 Tax Legislation webinar now available This 1 Hour On-Demand Webinar is designed to quickly get you up to speed .

This is an extremely valuable member benefit - FULL of great tax information! Do you get ISCPA's Complimentary Weekly Federal Tax Podcast?  Update your communication preferences here to take advantage of this great benefit!  Scroll down to the COMMUNICATION OPTIONS section and sure Weekly Federal Tax Podcast is selected. Don't miss out.

How to Use Secure Score to Improve Office 365 Security IRS says - no need to report some transactions in video game currency Quiz: Auditor independence and FASB’s revenue recognition standard FASB to propose expedient for share-based payment accounting Depression and the CPA The Proliferation of Ransomware and What You Can Do About It IRS, Treasury issue proposed regulations New threats to CPA licensing posed in 2020 legislative year Webinar on the Joint Employer Final Rule Proposed CPA licensure model... If you haven't read this, you should! Want more news? Check www.idcpa.org/news

Have you registered yet? Idaho Society of CPAs Professional Issues Updates June 2    Coeur d'Alene Best Western CDA June 3   Moscow Best Western University Inn June 4    Lewiston Red Lion June 9    Idaho Falls Hampton Inn June 10   Pocatello Fairfield Inn June 11   Twin Falls Hilton Garden Inn June 19   Boise Oxford Suites

Don't Forget - Our 2020 Need to Know page on the idcpa.org website is real-time news and information you should keep up on, including ISCPA Member alerts, bulletins and updates.

If you have ideas, thoughts, suggestions or even need review on a specific topic - REACH OUT! We work for you and always look forward to helping our members succeed. Laura Lantz, Executive Director Email me or call me at 208-344-6261

If you'd like to be removed from the Monday Takeaway weekly newsletter, please update your profile by clicking here & unselect the communication . Do not unsubscribe via Constant Contact - because then you won't get anything - including vital Member Alerts.

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The ISCPA MEMBER DISCOUNT PAGE is a fantastic avenue for discounts and savings for Society Members. Check it out!