California news

Tax

Amazon ends California and Connecticut Associates Programs in response to sales tax legislation

Amazon.com has ended its associate affiliation programs with online retailers in Connecticut and California in response to restrictive sales tax legislation.
A&A

Public unions, the economy, and what's at stake for companies now

It's a story that's playing out across the country – cash-strapped governments are scrambling to balance their budgets while hamstrung by the contracts of current and retired public union workers.
Wealth management

Number of U.S. millionaires expected to double before end of decade

A new report from the Deloitte Center for Financial Services suggests the total wealth among millionaire households could more than double over the next decade in 25 major economies, growing from an estimated $92 trillion this year to $202 trillion in 2020.
Education & Careers

UCBerkeley accounting students win Deloitte Student Case Study Seminar competition

A team of accounting students from the University of California, Berkeley took top honors at the 16th annual National Student Case Study Seminar against five other national finalist schools from across the country,
Tax

Ozzy and Sharon Osbourne at odds with the IRS

Not long ago they were one of the richest couples in the United Kingdom. Now Ozzy (real name John) and Sharon Osbourne are up to their eyeballs in tax trouble with Uncle Sam.
Tax

IRS filling vacancies on Taxpayer Advocacy Panel

The Internal Revenue Service is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), a federal advisory committee that listens to taxpayers, identifies key issues, and makes recommendations for improving IRS service.
Tax

Celebrities and their tax woes: Young Buck, Joe Francis, Jaime Pressly, and Richard Hatch

The latest celebrity tax round-up features several repeat offenders. It's great to be in the spotlight, but is sparring with the IRS the best way to stay in the public eye?
Technology

How your Web site can make you more like James Franco

With everything else you have going on, the last thing you should be worried about is wasting time working on your Web site. In fact, your Web site should actually save you time, especially during tax season, while you are furiously completing tax returns for your clients.
Tax

Revisiting the rules for business deductions

Despite John’s being employed full-time in a large corporation, he spent considerably more time at his freelancing activity this past year. The activity involves touring on his bicycle, writing articles, and taking pictures about his tours, the local attractions, and the people he met along the way. He sold these articles to various publishers and increased his income significantly in 2010 over 2009. At first only a few publishers of bicycling magazines were interested, but soon word spread and travel magazine publishers liked his “on-the-road” perspective of local attractions and the people he encountered.
Practice Development

Creating a memorable 'About Us' page for your site

It is tax season again, which means that people are shopping for accountants. When potential clients are researching and evaluating your firm, the first step will be to do a quick Google search and find your web site.
Tax

Alleged pump-and-dump scheme could mean 25 years in prison for accountant

Stephen Durland, a former Palm Beach, Florida, accountant made a fortune as an investor . . . sort of. He’s accused of operating a $30 million investment scam in California. If convicted, Durland could be looking at 25 years in prison, plus a $5 million fine.
Practice

Small business employment index indicates job growth in January

Small business employment continued to show encouraging growth in January, with hours worked showing a strong increase as wages grew slightly, according to a recent survey.
Community News

UT-Austin sweeps annual professors survey; PwC takes top ranking of firms

Public Accounting Report, CCH's independent newsletter of the accounting profession, has published results of its annual survey of accounting professors. UT-Austin swept the college rankings, while PwC took first place in the firm rankings.
Education & Careers

College students compete in PwC xTREME Games

Business students from the University of Illinois last week won the national round of the PwC xACT division for the third consecutive year. The xACT and the xTAX divisions are part of PwC US's xTREME Games, now in its ninth year.
Tax

IRS agent facing prison time for filing false returns

You may remember Albert Bront. He's the guy who greeted federal agents at his home by screaming, "I'm going to kill all of you!" The agents were there to execute a search warrant in 2009 based on an investigation of tax returns prepared and filed by Bront.
Community News

Company announcements: Week of January 10

Following is the latest roundup of accounting community news for the week of January 10, 2011.
Tax

Celebrities find themselves targets of the law, IRS

Has another star of The Brady Bunch gone bad or was it a case of mistaken indentity? Christopher Knight, through no fault of his own, leads this installment of AccountingWEB's celebrity news.
A&A

Carbon accounting is hot new growth area for accountants

An overwhelming majority of Fortune 500 companies now voluntarily measure, manage, and publicly disclose their carbon emissions. This provides an exciting opportunity for accountants to provide an important service in the growing area of carbon accounting.
A&A

CPA travels Route 66 to promote fuel that benefits Mother Nature

Not only did compressed natural gas benefit the business of a CPA's friend and client, it was the genesis of a record-breaking trip along Route 66 to promote alternative fuel and energy independence. AccountingWEB's Jason Bramwell reports.
Practice

Small business employment index indicates 57,000 jobs created in December

Small business employment continued to show growth in December with an increase in hours worked and wages flat, according to the most recent Small Business Employment Index by Intuit Inc.

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