Connecticut news

Tax

Revenue worries don't stop states from offering tax holidays

Taxpayers in 16 states will get sales tax breaks on the purchase of various school-related purchases during certain dates in July and August.
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Education & Careers

Online MSA programs allow students flexibility to earn degree

The flexibility of taking classes remotely - whether at home or in a hotel room - has both prospective accountants and CPAs turning to the Internet to complete their master of science degree in accounting (MSA).
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A&A

Accountant, first female vendor at Shea Stadium feted by Mets

Susan Rich, the first woman vendor at Shea Stadium in the 1970s, recently was saluted by the New York Mets.
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Practice

Most executives remain confident about business growth

Six percent of chief financial officers said they plan to hire full-time accounting and finance employees during the third quarter of 2010, while 9 percent anticipate staff reductions. Despite those numbers, CFOs remain optimistic about the outlook for their businesses.
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Practice Management

Employees want day off to demonstrate on immigration! What should I do?

With the recent passage in Arizona of a controversial immigration-related state law, and indications from the Obama administration and Congress that immigration reform legislation will be put on the fast-track, we might soon be seeing more immigrants’ rights demonstrations.
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Tax

Broke states and broken promises

According to a recent report from the National Association of State Budget Officers and the National Governors Association, state fiscal conditions "have continued to worsen" and state revenues can be expected to lag behind a national economic recovery by one to three years.
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A&A

U.S. CPAs gaining in IFRS awareness

CPAs are gaining awareness about International Financial Reporting Standards. Furthermore, CPAs increasingly foresee a need to gain advanced or expert knowledge as the U.S. moves toward global accounting standards.
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Tax

States scramble for tax revenue wherever they can find it

Imagine your state tax collectors hard at work…reading the entertainment news as part of their job description. State tax authorities always have used the media to track the cross-state earnings of sports stars, celebrities, and other wealthy individuals.
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A&A

GASB proposes to amend financial reporting entity requirements

The proposed statement is intended to improve guidance for including, presenting, and disclosing information about component units and equity interest transactions of a financial reporting entity.
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Tax

Oscar swag bags loaded with taxable goodies

Even if you never watch Hollywood’s seemingly endless lineup of awards shows, you’re probably aware that the celebrities who appear on those programs are thanked with gift bags loaded with expensive items.
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Education & Careers

Accounting Scholarship Programs

AccountingWEB has compiled a list of scholarship opportunities for accounting students.
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Education & Careers

Accounting and xTREME? Rarely found in the same sentence

The xTREME Games include xTAX, short for "Extreme Tax," and xACT, short for “Extreme Accounting.” Both are case competitions that expose students to real tax and accounting situations.
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Community News

CCR LLP Acquires Orlando CPA and Consulting Firm

CCR LLP (“CCR”), one of the nation’s top 100 accounting (as named by Accounting Today magazine) announced that it has combined operations with Geller, Ragans, James, Oppenheimer & Creel, a full-service CPA and consulting firm based in Orlando, Fla.
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Tax

Unemployment taxes may double or even triple in 2010

State unemployment trust funds have fallen to such a low level that rate increases may be required to rebuild their balances even when employment improves.
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Tax

Make an offer that the IRS can't refuse

It is essential to do the math before deciding to pursue an Offer in Compromise, else you will not only waste valuable time but may incur thousands of dollars in costs.
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Tax

Cruising for tax deductions? Try deducting your next Caribbean cruise

Does it seem like your life is all work and no play? Why not consider a business cruise, allowing you to write off travel expenses as business tax deductions?
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A simplified explanation and example of SFAS 123R's calculated value method

With the implementation of SFAS123R, the calculated value method is now required for nonpublic companies without an internal market for its stocks or options.
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Tax

Amnesty deadline looms for offshore account holders

There is still time for taxpayers who have failed over the years to report income in foreign bank accounts to participate in the IRS Voluntary Disclosure program.
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Community News

Will calculate for food

Wilson Lauture, a Stamford, CN accountant, isn't taking his recent layoff standing still.
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Community News

Five new partners, five new directors named at Citrin Cooperman

Citrin Cooperman & Company, LLP, an accounting and business consulting firm based in the Northeast, announced that Anthony DeJesus, Jeffrey Gittler, Elliot Lavietes, Mark Mindick, and Joseph Monaco were admitted to the firm partnership, effective July 1, 2009.
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Pages

Voice of the Editor

Results from a recent AICPA survey disclosed the two top priorities for CPA firms as they plan for the future: bringing in new business and finding talent. Our goal at Sift Media is to help our readers deal with the issues most important to them. One way in which we are doing this is through the launch of our new recruitment/placement service, Going Concern Jobs. Check it out today for your talent needs.
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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