California $ crisis: "conformity, or the Lack thereof, has
to be the single biggest issue for practioners (and their
clients).".
Kathleen "Kitty" Wright has more than a few credentials
JD, CPA, MBA (Taxation) and LLM (Taxation)--so, California CPA asked
this top California CPA Education Foundation instructor for her . . .
A tardy budget: Plus: Record-setting veto pace; CBA's recent
actions.(CapitolBeat)
Finally, after setting a record for the longest delay in state
history, California has a budget and the Legislature adjourned its
two-year session.
Leading up to the final days of the the budget . . .
Upcoming events.
Conferences
Real Estate Conference
Nov. 3: Burbank Area
Nov. 10: San Francisco
[ILLUSTRATION OMITTED]
Succession Planning Conference
Nov. 4: Burbank Area
Nov. 11: San Francisco
. . .
Tax talk highlights: sales tax audits and an independent
contractor case.(CATax)
Since the taxes on Schedule A of an individual income tax return
aren't a deduction in computing AMT income on IRS Form 6151, the
rule-of-thumb has been, for clients who are in the AMT, that . . .
Seeing red over Yellow Book: revisions make it toughest
collection of audit standards.(gov'taccounting)
The 2007 revision of the Yellow Book (also known as generally
accepted government auditing standards) is full of significant
requirements that make it the toughest collection of audit standards . . .
Money without borders: estate tax planning for cross-border
families.(estateplanning)
multi-national families, unaccustomed to paying estate tax in their
home country, create special challenges for tax advisers. In many cases,
these families are not happy with the prospect of the . . .
Fast tax facts 2008.
The online version of Fast Tax Facts will be updated for tax law
changes. Check it out at www.calcpa.org/fasttaxfacts.
Welcome to our annual at-a-glance compilation of federal and state
tax . . .
CalCPA salutes those who keep CPA-PAC strong.
Firms
Frank Rimerman + Co.LLP * Gursey Schneider LLP * Ueltzen &
Company LLP * M. Green & Company LLP CPAs * Gish Seiden Kline &
Co. LLP * White Nelson & Co, * DeGregori Gormsen & Ringer LLP . . .
It's not as hard as you think: International Financial
Reporting Standards & Convergence.
When I talk to my clients about International Financial Reporting
Standards, I'm reminded of a story by naturalist Milton Olsen.
Olsen says migrating geese fly in a "V" formation because, as
each . . .
Members in the news.(membermilestones)
In the Sept. 26 San Francisco Business Times, Rich Gunn offered
advice on how to select a tax adviser ... During late September and
early October, the following members were interviewed about the . . .
Firm news.(membermilestones)
Kellogg & Andelson Accountancy Corporation acquired the West
Los Angeles office of Kelson Rood Stoll & Winkler, . . .
Accomplishments.(membermilestones)
For the second consecutive year, Breard & Associates, Inc. has
won a Practice Innovation Award, which recognizes firms that have taken
the lead in developing new or improved services, from . . .
Announcements.(membermilestones)
Ron Durkin retired from KPMG and started his own firm, Durkin
Forensic ... NSBN LLP announced that the Association of Certified Fraud
Examiners awarded partner Jenifer Siou, CPA, CFE, and manager . . .
SEC takes a look at accounting standards.
The SEC is undertaking a Congressionally mandated study on
"mark-to-market" accounting that will focus on the effects of
such standards on a financial institution's balance sheet, on bank
failures . . .
Vehicle and aircraft use tax change.
Vehicle and Aircraft Use Tax Change: With the approval of the state
budget, vehicles, vessels and aircraft shipped or brought into
California are now subject to the use tax within 12 months of the . . .
Gearing up for LLC suspension program.
In early 2009, the FTB will begin to suspend/forfeit the rights,
powers and privileges of LLCs for non-payment of taxes, penalties or
interest or failure to file a return. The action is meant to . . .
Education Foundation Awards.(Excellence in CPA
Education)(Conference notes)
Every year the California CPA Education Foundation's Awards
Committee singles out a select few individuals who deserve special
recognition for their efforts to educate California CPAs.
. . .
Top 100 firms post double-digit growth for three years
running.(Financial report)(Company rankings)
* CCH's Public Accounting Report shows that the majority of
firms on the 2008 Top 100 Firms list are realizing double-digit revenue
growth rates. This marks the first time the list posted a . . .
The numbers.
$1,300 Amount of alternative motor vehicle tax credit that can be
received for a 2009 Volkswagen Jetta 2.0L TDI . . .
The numbers.
60% Number of 250 CFOs surveyed who say their company has at least
some experience with . . .
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