California news

Tax

Celebrity stew: Stars up to their necks in IRS trouble

Rounding out 2010's cavalcade of celebrities mired in tax issues are actor Val Kilmer, songwriter Lamont Dozier, rapper Trick Daddy, and all-around weirdo Grace Jones.
Education & Careers

CPAs might meet experience requirement by working in industry

Michigan became the latest state to accept industry experience for original CPA certification, leaving New Hampshire, Wyoming, and the U.S. Virgin Islands as jurisdictions that still do not accept industry experience.
Education & Careers

CPE Link, AccountingWEB cooperate to enrich university accounting curriculum

In a model of academic and professional cooperation, CPE Link and AccountingWEB have agreed to provide accounting students at California State University, San Bernardino, access to webcasts developed by and for practicing CPAs.
A&A

IRS watchdog: Six months of work saved taxpayers nearly $3 billion

The watchdog over costs and efficiency at the Internal Revenue Service has saved taxpayers almost $3 billion over six months, according to a new report to Congress.
Tax

More famous people in hot water with the tax man

Another bunch of celebrities is in trouble with Uncle Sam over tax debt. Singer Kelly Rowland, Eddie Murphy's ex-wife, and actor Cary Elwes are the latest.
Tax

Tax Foundation releases state business tax index

South Dakota's tax system is most welcoming to economic activity while New York's tax code ranks 50th as the least hospitable, according to the Tax Foundation's most recent edition of the State Business Tax Climate Index, which ranks the tax systems of the 50 states.
A&A

Hobby or business? Tax preparer due diligence (Part 1)

This is the first of two articles about expenses incurred by clients who are engaged in an activity, and whether such activity can be considered a business or a hobby. In the first article, the scenario of a freelance writer is used to discuss the business vs. hobby issue.
Practice

How to deal with difficult people at work

Are you struggling to cope with difficult people at work? If you are, then you are not alone. The workplace is full of difficult people who can make your life miserable if you let them.
Education & Careers

Small business employment index indicates 49,000 new jobs; wages down slightly

Small business employment continued to show growth in November, although wages were down and hours worked remained flat, according to this month's Small Business Employment Index by Intuit Inc.

California Tax Update: CPE Link Webcast Preview

Check out this video preview of CPE Link's upcoming California Tax Update webcast. The course will provide an overview of statutory, regulatory, and judicial developments affecting taxpayers residing or doing business in California. View dates and full course description.
Technology

Why Google’s local search results is an opportunity for small accounting firms

If you are a small local accounting firm looking to grow your business, you want to be found on Google when someone enters a search into Google for an accountant in your area.
Tax

What voters said about tax hikes in November elections

As lawmakers try to solve budgetary shortfalls by raising taxes in most states, taxpayers are not pleased, and they said so earlier this month at the polls.
Tax

Survey: Four out of five companies report increased sales tax audits

Thomson Reuters survey reveals four out of five companies report increased sales tax audits. State and local governments are hiring new staff to handle increased audit activity.
Tax

Legal showdown between Roni Deutch, Jerry Brown heats up

Heading into the next tax season, California Attorney General and Governor-elect Jerry Brown is still dogging “Tax Lady” Roni Deutch with fraud charges.
Tax

Four celebrities face battles with the IRS

Even the thin, beautiful, and talented have to pay their fair share of taxes. Beverly Johnson, Janice Dickinson, Jaime Pressly, and Toni Braxton have run-ins with the IRS.
Practice Management

How setting goals creates happy workers

Are you working in an organization where managers help employees develop goals to be more productive? Do employees at your workplace believe that company-developed goals help them become more productive?
Practice Development

How to strengthen the CPA/attorney relationship

There’s nothing better than a warm referral – and most CPAs are always on the hunt for new sources. One great potential lead source that is often overlooked is the attorney who practices in areas that are complementary to your expertise.
Community News

Former KPMG Chairman Hanson dies at 84

Walter E. Hanson, former chairman of KPMG, died last month after a long illness at his home in Newport Beach, California. He was 84.
Education & Careers

How to earn those last-minute CPE credits

Professionals nearing the end of their reporting period, who still need to accumulate a few CPE credits or fulfill their state’s requirements, should check their state society Web sites for course listings and discounts.
Tax

Federal judge shutters American Tax Relief

You’ve probably seen the ads for American Tax Relief. They claim to provide help to beleaguered taxpayers by dramatically reducing tax debt, including penalties and interest. But chances are good you will not be seeing those ads again anytime soon.

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