A Message from the President, June, 2018
The saying goes, time flies when you’re having fun and it’s hard for me to believe that my year as President has already passed. This year, while it’s been an enormously busy time, it’s been very exciting as a result of the changes in tax law, changes in accounting with advances in artificial intelligence, and bringing on board some fantastic new member benefits.
Tax reform by Congress last October ultimately resulted in the passage of a massive new tax reform law, the Tax Cuts and Jobs Act, just before last Christmas. While most of the new law would impact 2018 tax returns, we knew you were going to face many questions from clients so NSA quickly offered a number of webinars on the changes so you could be informed going into the tax filing season. Of course, there are many changes coming and the IRS is continuing to develop important regulations for the new tax law. NSA has participated in meetings with the IRS during this process throughout this year, and as the significant regulations are released, we will communicate those to you.
It’s been a privilege to attend other national meetings and conferences for the purpose of learning and ensuring that small practitioners like you and I are not adversely affected by changes to tax and accounting rules or regulations. In my travels, NSA is the only national organization that represents small practitioners on both accounting and tax issues, for those that are either licensed or unlicensed. While there are other national accounting organizations, their focus is on much larger firms than yours and mine. While there are other national tax organizations, they don’t have the accounting resources and support of NSA. The combination of tax and accounting support for small practitioners is truly what makes NSA unique and special compared with other national organizations.
NSA is the premier organization for tax and accounting professionals. Much of the work is done by our hardworking NSA staff and member volunteers that have graciously offered to serve on our committees. I have been blessed to be able to work with this amazing team and want to express my thanks to our tremendous staff, our Board and all of the remarkable volunteers for their outstanding work this year. I truly appreciate your dedication to NSA and willingness to make a difference.
It has been an honor and a privilege to serve and I wish you the best for continued success.
Brian L. Thompson