About the Society
Arkansas Society of CPAs (ARCPA) is Arkansas's premier professional home for CPAs and accounting professionals, serving the profession with integrity.
With over 105 years of service to the accounting profession, the mission of ARCPA is to promote and engage members for growth and success through advocacy, education, networking, and mentorship.
Upcoming Events
29th Annual Student Education Fund Golf Tournament
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Forensic Accounting: Fraud Investigations
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Audits of Employee Benefit Plans Subject to ERISA
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Non-GAAP Financial Statement Options: Cash, Modified Cash, and Tax Basis (8:30AM-12:00PM)
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Latest News
U.S. Department of Labor (Department) Announces Final Rule: Restoring and Extending Overtime Protections
On April 23, 2024, the U.S. Department of Labor (Department) announced a final rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, which will take effect on July 1, 2024.
Posted on April 25, 2024
Federal Court in Alabama Holds Corporate Transparency Act Unconstitutional
A federal district court in Alabama held that the Corporate Transparency Act (CTA), P.L. 116-283, which requires the reporting of beneficial ownership information (BOI) by businesses, is unconstitutional. The district court granted the plaintiffs' motion for summary judgment Friday in the case of National Small Business United v. Yellen, No. 5:22-cv-1448-LCB (N.D. Ala. 3/1/24). One plaintiff, the National Small Business Association, has over 65,000 members. While the legislation may have "sensible and praiseworthy ends," the court stated in its opinion, the government's arguments that Congress has "the power to regulate millions of entities and their stakeholders the moment they obtain a formal corporate status" from a state "are not supported by precedent." The act "exceeds the Constitution's limits on the legislative branch and lacks a sufficient nexus to any numerated power to be a necessary or proper means of achieving Congress' policy goals," the opinion said.
Posted on March 5, 2024