Alabama news

A&A

CPAs sponsor Webinar on BP oil spill reimbursement process

CPA societies from Florida, Alabama, Louisiana, Mississippi, and Texas, in cooperation with the Accounting CPE Network and BizVision, are sponsoring a Webinar designed for CPAs whose clients are filing claims through the BP reimbursement process.
Tax

Revenue worries don't stop states from offering tax holidays

Taxpayers in 16 states will get sales tax breaks on the purchase of various school-related purchases during certain dates in July and August.
A&A

Unlikely combination: Train depots and CPAs

What do trains and accounting offices have in common? In Chattanooga, Tennessee, they cross paths at CPA firm Henderson Hutcherson & McCullough PLLC.
A&A

Cooper Graci & Co. merges with Carr, Riggs & Ingram

CPA firm Cooper Graci & Co. has merged with Enterprise, AL-based accounting firm Carr, Riggs & Ingram, LLC. The merger expands CRI’s footprint into Texas for a total of seven states.
A&A

Louisiana businesses must plan for the future now

The Deepwater Horizon oil spill is the third disaster the residents and businesses of Louisiana have faced in five years. Despite their frustration and the magnitude of unknowns facing them, they will still do very well, said Bill Balhoff, CEO of Postlethwaite & Netterville.
Tax

Broke states and broken promises

According to a recent report from the National Association of State Budget Officers and the National Governors Association, state fiscal conditions "have continued to worsen" and state revenues can be expected to lag behind a national economic recovery by one to three years.
Tax

E&Y and UBS settle HealthSouth lawsuits

Swiss bank UBS AG and accounting firm Ernst & Young LLP have agreed to pay $250.5 million to resolve investor lawsuits regarding an accounting fraud uncovered at HealthSouth Corp. in 2003.
Education & Careers

SIFE members' passion for business can be powerful force for change

Students In Free Enterprise, an international non-profit network of students, academics, and business leaders working with businesses and higher education organizations, is in the midst of its regional and national competitions.
Tax

Vendors take pity on taxpayers by offering free Tax Day goodies

If you act fast, you can take some of the stress out of Tax Day by collecting freebies all over town. Here's a roadmap to treats for taxpayers.
Education & Careers

Accounting Scholarship Programs

AccountingWEB has compiled a list of scholarship opportunities for accounting students.
Tax

Nine states and District of Columbia will file tax returns in new locations

The Internal Revenue Service has announced that some taxpayers who file paper income tax returns will send them to different processing centers this year. 
Community News

CPA Firm Roth Murphy Sanford Merges with Carr, Riggs & Ingram

New Orleans CPA firm Roth Murphy Sanford L.L.P. (RMS) has merged with Carr, Riggs & Ingram, LLC (CRI), the fourth largest accounting firm in the Southeast – a move that expands CRI’s footprint to six states while enhancing public accounting and management consulting services throughout Southeast Louisiana.
Education & Careers

State hiring credits on the governor's agenda in Maryland

Maryland Governor Martin O'Malley is pushing hard for a state tax credit – among other measures – that is intended to help his state get people off the unemployment rolls and back to work.
Community News

Barfield Murphy Shank & Smith receives two national awards

Birmingham, AL-based CPA firm Barfield Murphy Shank & Smith is proud to announce it has received two national awards.
Education & Careers

Top business and accounting graduate schools ranked

For everything, there is a ranking. Accounting and business schools are no exception.

Opinion: Caution - Choice can be hazardous to your financial health

Want to feel young again? There’s nothing that will make you feel like a child faster than being treated like one. But it’s not your old Uncle Fred who wants to limit your choice of ice cream cones to shades of vanilla. It’s Uncle Fed, and he wants to narrow your financial options so you don't stumble into fiscal difficulty.

PwC donates $1 million to University of Alabama accounting program

Big Four firm PricewaterhouseCoopers has pledged a $1 million donation to the University of Alabama to support accounting education at its Culverhouse College of Commerce and Business Administration.The donation is intended to help the university improve its staff, offer more services to accounting majors, and decrease the shortage within specialty accounting practices, including auditing, tax, and teaching professions.Out of 187 students nationwide expected to receive doctoral degrees in accounting this year, only 22 expressed interest in teaching in those two areas, according to the pr

Morningstar ranks the best and worst 529 plans this year

Morningstar, the global investment research firm has published its annual list of the best and worst 529 plans – when it comes to earning long-term returns for college savers – and the overall opinion smacks of optimism. Some of the worst plans from years past have folded up and gone away, while others continually strive to improve. Here are the criteria that separate the best plans from the worst: Flexibility. As Morningstar points out, no savings plan is one-size-fits-all.

Sales tax holidays: Love them or hate them?

More than a dozen states and the District of Columbia have sales tax holidays that last at least a couple of days each year, some last much longer. Usually the holiday coincides with back-to-school time to give parents a break on outfitting their kids with necessities. What consumers can buy during the sales tax holidays varies by state, but generally includes clothing, shoes, classroom supplies, and computers, often with a dollar limit. Another popular item that pops up in sales tax holidays is energy efficient appliances for the home.

For most states, stimulus payments will mean added revenue

The economic stimulus payments that taxpayers have received will not be considered taxable income by the Internal Revenue Service but some of this money may end up in the coffers of individual states, which are free to decide how to treat the payments. Few will tax the money directly as income - currently, only Alabama is considering this option - but most anticipate additional revenue from sales or excise taxes, or indirectly, in some states, from a decrease in a deduction.

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