California news

Technology

QuickBooks Seminar System helps QuickBooks instructors build successful training businesses

The Sleeter Group has announced the general availability of the QuickBooks Seminar System, a complete, turn-key system that empowers accountants and consultants to teach QuickBooks in classrooms and industry settings without much preparation.
Tax

How Arnold Schwarzenegger cleared an $80,000 tax lien for twenty bucks

Ten months ago the IRS slapped a lien on California Governor Arnold Schwarzenegger for nearly $80,000. Now after paying only $20.50, the debt is cleared. How did that happen?
Tax

Two more celebrities do battle with the taxman

The news for comedian Sinbad seems to grow worse every day. So far, he owes the state of California $2.5 million, and his growing total debt to the federal government now stands at $8.15 million. Meanwhile, a famous author and mistress has lost her home and faces a large tax debt.
Tax

Internal Revenue Service: The new health care police

Someone will have to serve as the health care police. So far, it appears those tasks will fall to the IRS. Take a look at some of the new tasks that will be required once the health law takes effect.
Community News

Sacramento-based MGO announces merger with Bernstein Fox

Sacramento, California-based Macias Gini & O’Connell LLP (MGO) has announced a merger with Bernstein, Fox, Whitman, Goldman & Baumblatt LLP (Bernstein Fox), a Century City-based public accounting and business management services firm.
Tax

2009 Recap of celebrities with tax woes

Television and movie stars, politicians, athletes, musicians - it seems that no one is above the law, particularly when there are taxes involved. Here is a recap of those notables who faced off with the IRS in 2009.
Tax

Black Eyed Peas in Hot Water for Ten Years of Unfiled Tax Returns

There's a war of words between two people representing the Hip Hop group, Black Eyed Peas. The group's manager, Sean Larkin, seems to have missed a minor detail... for the last ten years or so, he has neglected to file income tax returns on the group's income of $10 million.
Technology

Going into labour: Problem-solving with QuickBooks

A Canadian cloth diaper company using QuickBooks solved the problem of incorporating labour costs into the products they create.
Tax

Arnold Schwarzenegger in tax trouble?

An IRS lien – which was filed with the Los Angeles County Recorder's office – says Arnold Schwarzenegger owes $29,047 for tax year 2004 and another $40,016 for 2005.

Beware Black Friday: Retailer tricks to avoid

Before you get too excited about Black Friday sales – in store or online -- read the fine print. Retailers use terms like "doorbuster deals," but often the fine print deflates the bargain.
Community News

Transcontinental merger creates Top 50 accounting firm

Two leading independent accounting firms, with offices on both coasts, have announced a merger which will create a national firm ranked in the Top 50 accounting firms in the U.S.
Education & Careers

Need more CPE hours? Consider transient training

If you're feeling the grind of accumulating 40 hours of CPE by the end of the year, it's not too late to incorporate learning with some fun in the sun by 12/31.
Tax

Joe Francis free: Was he a victim of accountants gone wild?

In spite of a future that looked pretty dismal, “Girls Gone Wild” producer Joe Francis will not serve another day of jail time for tax evasion.
Education & Careers

California tightens restrictions on CPAs

It’s not often that a bill passes unanimously. But when the California legislature voted on AB117, a bill that will regulate the state’s CPAs, there was not a single “no” vote cast.

More tightening for California CPAs: Peer Review

The latest legislation geared toward bringing California CPAs into alignment with other states is the mandatory peer review.

Sports celebrities and their tax troubles

The more money people make, in many cases, the more trouble they seem to have turning over what is owed to Uncle Sam.
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.

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