Firm news.(member milestones)
J.H. Cohn LLP has combined practices with Good Swartz Brown &
Berns LLP ... Robert Green, CPA has merged his firm with Singer Lewak,
where he will serve as partner ... Hood & Strong LLP has moved . . .
Announcements.(member milestones)
Michael Good, CPA has made partner at Good Swartz Brown & Berns
... Michael B. Allmon, CPA has been appointed to Loyola Marymount
University's Career Advisory Board ... The Institute of . . .
Theft loss deduction.(news & trends)
With the increased occurrence of individuals falling victim to
embezzlement schemes, the FTB offers this reminder on how to properly
deduct these losses on income tax returns.
A taxpayer's . . .
Mileage rate increased.(news & trends)(Brief article)
Due to rising gas prices, the mileage rate will increase by eight
cents to 58.5 cents a mile for all business miles driven from July 1
through Dec. 31, 2008. The new rate for computing deductible . . .
Tax relief for those affected by Northern California fires.(news
& trends)
The Board of Equalization and Employment Development Department are
offering guidance on extensions and other tax relief measures currently
available.
For BOE information, visit . . .
Top CalCPA events for 2008-09.(news &
trends)(Calendar)
Educator Practitioner Forum--Nov. 14, 2008
Women's Leadership Forum--Dec. 3, 2008
CPA Day at the Capitol--Jan. 21, 2009
CalCPA Centennial Celebration--June 19, 2009
* Listing is by date . . .
IRS Reduces business tax extension period.(news &
trends)
The IRS has moved the extended due date for partnership, estate and
trust tax returns from Oct. 15 to Sept. 15 to avoid overlapping with the
extended deadline for individual taxes. The change is . . .
Shorter extensions for some passthrough entities.(news &
trends)
Previously proposed regulations allowed an automatic six-month
extension for filing partnership, estate and trust returns. However,
recently issued temporary regulations will allow only an . . .
Accounting salaries up 6.9 percent.(news & trends)
According to the Institute of Management Accountants survey
released in July 2008, the average salary of accountants has risen
nearly 7 percent and now exceeds S100,000.
"With today's unstable . . .
PCAOB adopts rules for annual and special reporting.(news &
trends)
The PCAOB has adopted rules for annual and special reporting of
information and events by accounting firms that are registered with the
PCAOB. Sec. 102(d) of the Sarbanes-Oxley Act of 2002 provides . . .
New CalCPA chair advocates for more accounting
educators.(ADVOCATING FOR EDUCATION)
Because of the urgent need for accounting educators, Greg Burke,
CPA, newly elected 2008-09 CalCPA chair, has directed that increasing
their number will be a principle goal for the nation's . . .
CPA Dennis Young of Los Altos receives public service award.(news
& trends)
For his services to Los Altos-area organizations, CalCPA has
presented Dennis Young, CPA with its 2008 Public Service Award.
[ILLUSTRATION OMITTED]
The award recognizes Young's quarter of a . . .
CalCPA leadership institute 2008-09.(CalCPA news:)
This five-day program, which is designed to teach members skills
that will make them better leaders and managers, begins in October.
The program will be taught by Bill Reeb, CPA, who has been . . .
The numbers.(news & trends)(Brief article)
$1 trillion.
The amount that will be lost by U.S. organizations in 2008 to
fraud.
--Association of Certified Fraud Examiners
$276 billion
The 2007 federal net operating cost
--Treasury . . .
XBRL and IFRS: convergence is here.(news & trends)
Mike Willis, of PricewaterhouseCoopers and XBRL International,
addressed CalCPA Council June 28. As the rest of the world rushes to
adopt IFRS and to use XBRL for generating financial statements, . . .
National database of CPAs for consumers.(news &
trends)
Propelled by the rapid passage of mobility legislation in many
states, NASBA is developing a national accountancy licensing database.
Sixteen states, including California, are fully participating, . . .
Global talent shortage.(news & trends)(Author
abstract)
Hiring and Retaining Skilled Professionals Still Challenging: A
shortage of experienced accounting and finance professionals continues
to affect employers around the world.
* More than half (56%) . . .
By 2030, need to fund government deficits.(news &
trends)
"By 2030, the need to fund government deficits will drive the
debt-to-GDP ratio to 68 percent--far surpassing the non-wartime peak of
49 percent in 1993. By 2040, this ratio is projected to reach . . .
In(ternal) control.(Final Entry)
Nai Hwang grew up in Taiwan, the youngest of six siblings. After
earning her undergraduate accounting degree there, she followed in her
brother's footsteps and came to the United States. Hwang . . .
Family ties.(FinalEntry)(Cover story)
Nella Ebert recently was honored at CalCPA's Celebrating Women
CPAs event as one of the profession's trailblazers, and while she
inspired a room of 300 that day, she has been inspiring others to . . .
|
|