California news

A&A

U.S. companies experiencing new litigation wave, anticipate more to come

Companies are seeing a litigation wave that corporate counsel expect to swell in the coming year, according to respondents of the 2009 Fulbright & Jaworski L.L.P. Litigation Trends Survey.
Education & Careers

A Conversation With Todd Goldstein: Employment outlook in accounting and finance

Find out how to make the new tools in hiring and job search work for you.
A&A

New hiring credit: Probable law or packed with pitfalls?

Next up on the Obama administration’s agenda could be an incentive to hire, with the goal of jobs creation.
Tax

New per diem rates released for travel expense reimbursements

The IRS has updated the rules for determining the amount of an employee's ordinary and necessary business expenses for lodging, meals, and incidental expenses while traveling away from home.
Tax

California sisters get jail time in father/daughter tax fraud case

Two California sisters have been sentenced to six years in federal prison for their part in a $31 million scheme to defraud the Internal Revenue Service.
Tax

Even RoboCop has to pay taxes

Authorities say, RoboCop star Miguel Ferrer owes $289,800 in delinquent state and federal taxes.  Ferrer is the son of late singer Rosemary Clooney, and the cousin of George Clooney.  He is currently trying to sell his home, worth $3.8 million.

U.S. communities take local economy into their own hands

Unwilling to hand over hard-earned paychecks to faceless corporations for goods and services, a handful of communities have created their own commerce.
Tax

Intuit introduces ProLine as new SaaS tax software product

Intuit Inc. has announced its new ProLine Tax Online Edition, a program for tax professionals that is free for a limited time.
Tax

Tax preparer performance standards to be discussed at public forum

Public forum will address review of paid preparers and produce recommendations to boost taxpayer compliance.

John Dunleavy, former CalCPA CEO, dies

John Dunleavy, who led both the California CPA Education Foundation and the California Society of CPAs, has died. He was 68.
Tax

House swapping becoming popular in a down market

House swapping has moved beyond vacation home swapping to what is often called “permanent swapping,” that is, homeowners are now trading their principal residences.
A&A

Could accounting standards be the next political football?

Accountants who attended the annual meeting of the American Accounting Association had some weighty questions for their guest, Barney Frank.
Tax

Nicolas Cage in tax trouble again

When it comes to income taxes, Nicolas Cage can’t catch a break.
Community News

FEI announces 2009 Hall of Fame inductees

Financial Executives International (FEI) has announced today inductees for the 2009 class of the FEI Hall of Fame.
Tax

Chris Tucker, star of "Rush Hour." gets a hefty tax bill from Arnold Schwarzenegger

Chris Tucker just got a bill from the cash-strapped state of California for $3,594,409. A lien was filed against him in Sacramento County Court on June 24th.

XBRL US announces key findings

XBRL US announced key findings from its first-ever XBRL US Pacific Rim Technology Workshop last week in Santa Clara, California.

Is peer review all it's cracked up to be?

Some call it “auditing the auditors.” On a regular basis, professionals cross check each other. That sounds like a good thing. But is it?
Education & Careers

Top business and accounting graduate schools ranked

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

Rappers Foxy Brown and Toni Braxton face tax liens

Singers Foxy Brown and Toni Braxton reportedly face hefty tax liens, ranging from $79,315 for Braxton to $641,558 for Brown.
Tax

Screaming IRS agent goes to jail

Few things are certain in this life. There's death, and of course we all have to pay our taxes. Here’s a third rule to live by: it is never a good idea to scream death threats at federal agents.

Pages

Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
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