California news

Tax

Teaching How to Cheat

Concerns about cheating in school are nothing new, but they usually don't include teachers. The widespread scandals of teachers cheating on standardized tests provide the wrong ethical guidance to those who will later staff and lead business organizations.
AccountingWEB Life

Karen Goodfriend Receives AICPA's 2011 PFP Distinguished Service Award

On January 17, the AICPA recognized Karen Goodfriend's long history of service when it named her the recipient of its 2011 Personal Financial Planning Distinguished Service Award. The award is given annually to an AICPA volunteer who significantly contributes to the advancement of personal financial planning.

Is the IRS Being Mean to Lindsay Lohan?

Lindsay Lohan has found herself in compromising positions before, and now she’s landed in another one. A report has surfaced that the twenty-five-year-old actress, who rocketed to fame in the 2004 film Mean Girls, is on the hook for almost $100,000 in back taxes owed to the Internal Revenue Service (IRS).
Community News

Hayashi and Wayland Acquires Snyder Accountancy Firm

Hayashi & Wayland Accounting & Consulting, LLP, announced the January 1, 2012, acquisition of Snyder Accountancy, a full-service public accounting firm headquartered in Monterey, California, with a satellite office in Salinas, California.
A&A

Clowning CPA Gives Back to Community

There's more on Edward Estrin's resume than his thirty-five-year career as a CPA and his tenure as president of the CalCPA. He's also a professional clown, who brings joy and laughter to sick children, senior citizens, and the men and women stationed at the Marine Corps Base Camp Pendleton.
Tax

CBA Elects Michael Savoy Secretary/Treasurer

Michael Savoy, CPA and the managing director of Santa Monica–based Gumbiner Savett Inc., has been elected the California Board of Accountancy's secretary/treasurer for 2012. In this position, he will help drive the organization forward and keep its finances in sound shape. Savoy has been a CPA for thirty-seven years.
A&A

AICPA Awards $233,300 to Seventy-Eight Minority Accounting Students

The AICPA Scholarship for Minority Accounting Students program began in 1969, with the aim of increasing ethnic diversity in the CPA profession. Since the program's inception, the AICPA Foundation has awarded more than $14.6 million in scholarships to approximately 8,000 accounting students.
A&A

Keep All Your CPE Certificates of Completion – You Might Be Audited

When fulfilling their continuing professional education (CPE) requirements for license renewal, CPAs need to keep their certificates of completion, even if their particular state boards of accountancy don't require the CPAs to file the forms.
Tax

Sales Tax on Online Purchases Is On the Rise

This holiday season, online shoppers will find more states are looking to make sure gift givers also give their state its fair share – in terms of sales tax for online purchases.
Technology

Is Your Future Cloudy? Cloud Computing and Accountants

By definition, cloud computing is Web-based computing, whereby shared resources, both software and information are provided to computers and other devices on-demand through an Internet connection.
Tax

California to tax scofflaws: Pay up or lose your driver's (or CPA) license

The California State Assembly has approved Assembly Bill 1424, the Delinquent Taxpayer Accountability Act, aimed at the state's worst tax debtors. The bill delivers a clear message: pay your back taxes or we'll suspend your driver's license and/or professional licenses.
Tax

Amazon, California reach agreement in sales tax battle

Lawmakers in California say they've reached a truce with Amazon in a contentious disagreement over whether the online bookseller should collect state sales tax.
Technology

As Cloud computing overtakes industry, should private equity groups jump in?

As cloud computing storms the business world, it's impossible for private equity (PE) firms to ignore it. The real question is whether they should adopt it for their portfolio companies.
A&A

The 2011 Women to Watch awards – recognizing outstanding women in the accounting profession

Outstanding women – those who have made significant contributions to the accounting profession and to the development of women – receive recognition through the Women to Watch program.
A&A

A move toward separate accounting standards for private companies begins

For all those private companies frustrated with being forced to spend $25,000 on a valuation of intangible property or goodwill, or spending hours drafting disclosures that users may not read, or being burdened with a myriad of other financial reporting responsibilities, there may be some relief on the way.
Community News

Company announcements: Week of August 8, 2011

Following is the latest roundup of accounting community news for the week of August 8, 2011.
Community News

Loans that change lives

Accountants for Social Good (ASG) is a new charitable group created to unite accountants, CPAs, and other financial professionals to help those in need.
Tax

State and Local Tax: e-books are not subject to New York State sales and use tax

In an advisory opinion, the New York State Department of Taxation and Finance has concluded that a California seller's sales of e-books are not subject to sales and use tax.
Education & Careers

A social life: When employees and applicants take to Facebook

Imagine one of your employees bashes your company or their coworkers on Facebook. You might think that you could fire that employee. But you would probably be wrong.
Tax

California tax amnesty program opens August 1

Taxpayers who have underreported their California income tax liabilities through the use of abusive tax avoidance transactions or offshore financial arrangements will be permitted to obtain a waiver of most penalties under an amnesty program beginning in August.

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