Maryland CPAs Converge on State Capitol to Press Legislators

A record number of freshman lawmakers in Maryland’s General Assembly received a crucial inservice on the accounting and finance profession today as more than 200 CPAs poured into the state’s capital for the Maryland Association of CPAs’ annual CPA Day in Annapolis.

The event, which marks the beginning of the Maryland General Assembly’s annual legislative session, offers CPAs the opportunity to meet face-to-face with their legislators to discuss issues that impact their clients and their profession. It’s perhaps the most impactful event the association offers each year, and according to MACPA Executive Director Tom Hood, more is at stake legislatively this year than ever.

“More than 3,000 bills will be heard by the 188 legislators in 90 days,” Hood said. “With the election turnover from November, we need to introduce ourselves to 60 new legislators. If not you, who will help us protect our profession and your license? And if not now, when will you make time for your profession and the license that you worked so hard to earn?”

This year’s Maryland General Assembly includes three CPAs:

Brian Feldman, a senator from the 15th Legislative District.
Arthur Ellis, a newly elected senator from the 28th Legislative District.
William Wivell, a delegate from District 2A.

Ellis is one of 17 new faces in Maryland’s Senate this year, and 43 new faces are in the House of Delegates. That makes 60 new members in Maryland’s General Assembly out of 188 legislators total, a turnover rate of nearly 32 percent.

That makes CPAs’ participation in Maryland’s 2019 legislative session even more crucial. These new legislators will need CPAs’ guidance to navigate the issues that impact our profession and CPAs’ clients and the public at large. These legislative changes can and will influence and impact our profession, not to mention Maryland’s business and social environment.

Sen. Feldman said CPAs’ input and insights are more important than ever.

“CPAs have tremendous political clout in Annapolis,” Feldman told those in attendance. “Your business expertise gives you credibility that other professions don’t have.”

Maryland Lt. Gov. Boyd Rutherford also made a brief appearance at the event, telling attendees that the state’s improving economy means more businesses are launching in or moving to Maryland as a result — and that’s good news for the state’s CPAs.

“You can judge the strength of a state’s economy by the strength of its professional services,” Rutherford said, “and ours is strong indeed.”

The record turnover in the General Assembly was top of mind for everyone in attendance — as was the MACPA’s legislative agenda for 2019, which includes some of the most impactful issues the profession has seen lately:

On offense, the MACPA wants to:

Pass CPA firm license mobility.
Protect the state’s CPA licensing system.

On defense, the association wants to:

Stop sales taxes on professional services.
Minimize the impact of complex tax issues, such as the Tax Cuts and Jobs Act and the Supreme Court’s “Wayfair” decision.
Stop liability risk from comparative fault.
Stop excessive data protection and privacy legislation.
Stop onerous employment issues and laws such as non-disclosure agreements and non-competes.

Listen to our “Future-Proof” podcast in which Hood examines each of these issues in detail:

http://traffic.libsyn.com/futureready/MASTER_-_FP_038_-_Tom_Hood.mp3

The MACPA has also launched a new legislative resource center to track bills that impact the profession as they make their way through the General Assembly. CPAs will use this resource to follow the progress of key bills and connect with their legislators to make their voices heard.

This new resource center is available at cqrcengage.com/macpa/home.