Become a CalCPA officer or AICPA council
member.(LeadersWanted)
Deadine is Dec. 1, 2007!
You are the driving force behind one of the world's largest
economies. Isn't it time you put your leadership skills to use for
the betterment of the CPA profession?
. . .
October conferences.(EDUCATION FOUNDATION FOCUS)(Brief
article)(Calendar)
Accounting and Auditing: Small firms benefit from updates on
current and emerging issues as well as technical guidance and practice
enhancement tips; Oct. 17 in Los Angeles and Oct. 18 in San . . .
Long gone?(News & Trends)(Table)(Brief article)
In a survey, workers were asked, "When you are ready to
retire, do you see yourself leaving work entirely or taking one of the
following options:"
[ILLUSTRATION OMITTED]
34% Quit work . . .
Allowable Living Expense changes.(IRS News)
The IRS has revised the methodology for calculating some of the
Allowable Living Expense standards used in collection determinations.
The changes are reflected in the 2007 standards, which became . . .
New rules restricting benefits in underfunded pension plans.(U.S.
Treasury News)
New proposed regs from the U.S. Treasury provide guidance on new
rules enacted as part of the Pension Protection Act of 2006 (PPA) that
restrict benefits in underfunded pension plans.
The . . .
Third edition of the Financial Audit Manual released.(GAO
News)
The Government Accountability Office's third volume of the
Financial Audit Manual (FAM) includes changes that have occurred in
auditing financial statements in the U.S. government since the . . .
SEC mulls financial reporting changes.(SEC News)(Securities and
Exchange Commision)(Brief article)
The SEC's Advisory Committee on Improvements to Financial
Reporting is soliciting public comments on a discussion paper that
outlines various proposed changes for financial reporting.
The . . .
House prohibits tax-planning patents.(Patent News)
The House of Representatives recently voted 220-175 to overhaul
patent rules and place a ban on tax-planning method patents.
H.R. 1908, the Patent Reform Act of 2007, contained a provision
that . . .
FTB sets 2007 tax brackets.(FTB News)(Franchise Tax Board )(Brief
article)
The Franchise Tax Board has set the state tax brackets for the 2007
tax year. Some changes include:
* The tax threshold has risen to $11,620 of adjusted gross income
for single and married filing . . .
FTB to publicize names of delinquent taxpayers.(FTB
News)(Franchise Tax Board )(Brief article)
The California Franchise Tax Board is going after taxpayers who
collectively owe more than $250 million in back taxes by threatening to
list their names and debts on the agency's website.
. . .
Celebrating women CPAs.(CalCPA News)
Join us for a day of leadership development, professional growth
and recognition as we celebrate California's women CPAs and their
tremendous contributions to the profession.
Notable speakers . . .
More choices; unlimited possibilities.(CalCPA News)
Looking for an affordable way to advertise? CaICPA classifieds
offer targeted search functionality, categories and regions as well as
unlimited text and one low price--$195 for members; $295 for . . .
CalCPA on YouTube.(CalCPA News)(Brief article)
CalCPA has posted on YouTube a few of its videos that support key
CalCPA initiatives, such as, financial literacy, CPA careers outreach
and leadership development.
View the informative and . . .
Taxing issues: do your clients pay use
tax?(governmentrelations)
CalCPA's Committee on Taxation identified issues with AB 969
(Eng) requiring individuals to pay use tax obligations with their
California individual income tax return.
Taxpayers are required to . . .
Student loan ABCs: CPAs can help negotiate the gauntlet of
funding a student's education.(PERSONALFINANCE)
As trusted financial advisers, CPAs are in a position where
clients, friends and family will ask about college financing--or, more
specifically, about student loans. But which one do you recommend? . . .
Tax gap operations: FTB's procedure may be new to many
CPAs.(Franchise Tax Board and Certified Public Accountant)
California's Franchise Tax Board has a procedure that is new
to many. A client received an inquiry requesting a 2005 Form 540.
Included in the verbiage was something to the effect of: "You . . .
Fraud finds: auditors, armed with SOX provisions, chip away at
corporate fraud.(CORPORATEFRAUD)
An independent auditor is required to plan and perform an audit to
obtain reasonable assurance that financial statements are free of
material misstatements, whether caused by error or fraud.
. . .
Interviewing 101: conduct a safe, legal interview--and hire the
best candidate for your position.(EMPLOYMENTPRACTICES)
Employment-related issues have been a legal minefield for
employers. Asking the wrong questions during the interview process--or
in pre-interview applications--can spell disaster for a company or . . .
Cost segregation: a closer look at an emerging tax planning
trend.(TAXPLANNING)
Taxpayers and their advisers constantly are looking for ways to
legally reduce their taxes by implementing planning solutions that will
help them to shelter income against tax. In recent years, . . .
Tax Patents: until Legislation banning patents is certain, CPAs
should be prepared.(PROFESSIONALISSUES)
Recent actions of the U.S. Patent and Trademark Office are poised
to present CPAs and other tax practitioners with a new set of
challenges.
A landmark judicial decision in 1998 resulted in the . . .
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