Board
Paul Skeen AICPA Council
"Balut, a fertilized duck egg that is boiled and eaten from the shell, is my weirdest food. I have talked big about wanting to try it since I was a kid. A couple of years ago a neighbor prepared some and called my bluff. Though the weirdest, balut is not the most disgusting food I have eaten."
Tad Tuttle Secretary
Susan Speirs CEO
"The weirdest food I have eaten is grasshopper. As a young, stupid teenager, my friends and I decided to try various foods as a dare. My dare was to eat a grasshopper (a live grasshopper). The things we do when we are young."
"More for dramatics than flavor, I ordered a squid ink pasta dish at a restaurant in Washington, D.C. The flavor was robust with the richness of truffle oil and the saltiness of oysters. Even though some say seafood should stay at the bottom of the ocean, I’m always up for good sushi."
BOARD BULLETS
News From the UACPA Board “double dip” as under the federal regulations. If we ran a bill, it would not be considered by leadership. As we counseled with our PAC and lobbyists, it was determined that the business community was the body to lead any campaigns with regards to the PPP add back. The Utah Chamber Policy Coalition took the lead in gathering signatures from businesses, acknowledging the need to help our Utah businesses. We did see bills wanting to remove the add back as well as a handful of bills that would issue a Utah tax credit for organizations that received forgiveness of PPP loans less than $5,000 that did not move out of committees.
The following actions were taken by the executive board at the last board meeting.
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Discussions regarding add back of PPP loans to Utah taxable income. On Dec. 28, 2020, the UACPA made calls to our Utah legislative leaders and the Utah State Tax Commission indicating that due to the signage Consolidated Appropriations Act, 2021, Utah was no longer in conformity with the IRS. Utah leaders were caught unaware, and initially their thought process was to run a new bill that would update SB6005 that was passed in a special legislative session in Aug. 2020. We spent several hours providing data and insights to how a bill should read understanding that passage of a bill would have to occur within the first week of session so that the USTC could update forms, instructions and bulletins. Just before session commenced, we learned that there would be no effort to make changes to conform with Consolidated Appropriations Act, 2021, as monies from PPP forgiveness had already been appropriated and spent in our Utah budget. As we continued to negotiate and work with our legislative members, leadership communicated to us, very strongly, that there would be no intent to
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Names for State Board of Accountancy vacancies were approved by the executive board.
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The executive board ratified the vote of the executive committee to approve the budget for the fiscal year ending March 31, 2022.
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Discussion surrounding our strategic plan and data from focus groups and Leadership Council discussed. The final draft of the strategic plan will be presented in the April board meeting and rolled out in the June Leadership Council. the journal entry | april 2021
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