The TSCPA supported HB 2144 that eliminates unnecessary red tape for out-of-state CPAs that practice in Texas passed the legislature this week. The bill requires out-of-state CPA firms to have a Texas license to perform audits on Texas companies. For all other services, CPAs with substantially equivalent qualifications as Texas may practice in Texas without notice or license. By so doing the CPA becomes subject to the Texas laws and rules, including the jurisdiction of the Texas State Board of Public Accountancy. Texas became the seventh state to ease restrictions on interstate CPA practice. The bill now goes to the Governor for his consideration. Click here to read the bill.
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