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Company announcements: Week of September 20, 2010

Following is the latest roundup of firm news for the week of September 20, 2010.
A&A

PCAOB announces participants in roundtable on new proposed communications standard

The Public Company Accounting Oversight Board has announced the names of the participants in the roundtable discussion on its proposed standard on auditors' communications with audit committees.
A&A

CPAs sponsor Webinar on BP oil spill reimbursement process

CPA societies from Florida, Alabama, Louisiana, Mississippi, and Texas, in cooperation with the Accounting CPE Network and BizVision, are sponsoring a Webinar designed for CPAs whose clients are filing claims through the BP reimbursement process.
A&A

Averett Warmus Durkee merges with Osburn, Henning and Company

CPA firms Averett Warmus Durkee and Osburn, Henning and Company, both based in Orlando, Florida, recently announced that they have merged practices.
Tax

Chris Tucker, Rob Lowe do battle with taxman

Right about now, 'Rush Hour' star Chris Tucker might be feeling a bit of a squeeze in the form of a federal tax bill for nearly $12 million. And, chances are, he’s still reeling from last year’s pinch from Arnold Schwarzenegger, which seems small in comparison.
Tax

Three famous tax cheaters take issue with the authorities

AccountingWEB appears to be developing a rogues gallery of taxation ne'er-do-wells as the same celebrities continue to make headlines. Wesley Snipes, Conrad Black, Lil Wayne, and Suge Knight are, once again, in the news.
A&A

D.C. launches amnesty program waiving penalties, fees on back taxes

Delinquent taxpayers will get a rare opportunity to pay outstanding taxes and interest to the District of Columbia, have their penalties and fees waived, and avoid criminal prosecution. The DC Tax Amnesty program will run from August 2 through September 30, 2010.
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.
Community News

Financial Accounting Foundation names Schroeder to lead review of accounting standards

The Financial Accounting Foundation has announced that Mark Schroeder, a recently retired senior partner at Deloitte & Touche LLP, has been named post-implementation review leader.
Tax

AICPA's tax accountants get immersed in tips, new law, and sunshine

Tax practitioners are meeting this week in the heat of southern Florida to learn about the latest tax tips and tools that they can use to improve their practices, as well as getting an update on what is going on in Washington.
A&A

CPE mid-year 2010 update: Rules, regulations, trends

Mid-year 2010 has arrived and accountants in approximately half the jurisdictions in the United States are facing compliance deadlines. Tax time is well behind us and crunch time for compliance is here.
A&A

Cooper Graci & Co. merges with Carr, Riggs & Ingram

CPA firm Cooper Graci & Co. has merged with Enterprise, AL-based accounting firm Carr, Riggs & Ingram, LLC. The merger expands CRI’s footprint into Texas for a total of seven states.
Tax

Four rap stars make the IRS hit list

The list of famous, well-paid people who owe back taxes is long and getting longer. Lately, it seems the names dominating the list are those of rappers.
A&A

Louisiana businesses must plan for the future now

The Deepwater Horizon oil spill is the third disaster the residents and businesses of Louisiana have faced in five years. Despite their frustration and the magnitude of unknowns facing them, they will still do very well, said Bill Balhoff, CEO of Postlethwaite & Netterville.
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.
Tax

IRS deals professional poker player a bad hand

Poker has been good to Michael “The Grinder” Mizrachi. But his financial fortunes have hit the skids in recent months. Earlier this year, both his home and a rental property were lost to foreclosure. Then the Internal Revenue Service hit him with a tax lien for nearly $340,000.
Tax

State of Florida launching tax amnesty program July 1

Florida residents who owe back taxes can settle their debts without fear of penalties and criminal prosecution under an amnesty program that runs from July 1 to September 1.
A&A

Gulf fishermen see livelihoods disappear, region’s economy suffers

Louisiana fishermen are beginning to come to terms with the harsh realities of the Deepwater Horizon oil spill. Not only do they face the loss of income this year, their fishing grounds and their way of life might be disappearing.
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.
Technology

The risks and rewards of going paperless

There is a plethora of benefits to be received by an accounting firm when it converts to a paperless document management system. But user beware: there are risks, dangers, and pitfalls of going paperless.

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