Taxes: can NAA members' activities be charitable?

Article Abstract:

Activities in professional organizations such as the National Association of Accountants (NAA) may be considered charitable under the Tax Reform Act of 1986, depending on whether an entire deductible activity is personal in nature. The Act disallows 20% of any allowable beverage, food, or entertainment expense. The tax law also holds that miscellaneous itemized deductions are subject to disallowance up to two percent of adjusted gross income. Contributions to professional activities such as NAA are seen as mandatory and of a fixed amount. Professional activities are also likely to be seen as business rather than charitable, and the taxpayer would have to be able to show absence of a business benefit.

Taxation, Accountants, Charitable contributions, Charitable donations

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New MAP statement explains purpose of SMAs: Management Accounting Practices Committee issues 'Statement of Purpose and Operation'

Article Abstract:

The Management Accounting Practices Committee (MAP) of the National Association of Accountants (NAA) has issued a new Statement of Management Accounting (SMA) which describes the objectives and operations of the organization. MAP was created to give guidance to members and to express the official position of the association. The committee issues SMAs as part of their effort toward providing guidance on management accounting topics. The topics are identified and the statements developed through the work of the Statement Promulgation Subcommittee of MAP.

United States, Associations, Managerial accounting

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Nominating Committee report

Article Abstract:

The report of the National Association of Accountants' Nominating Committee is presented. Nominations are for president, 17 vice presidential positions, Directors of the Association, and members of the 1992 Nominating Committee.

Reports

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