Iowa news

Tax

Tax Foundation releases state business tax index

South Dakota's tax system is most welcoming to economic activity while New York's tax code ranks 50th as the least hospitable, according to the Tax Foundation's most recent edition of the State Business Tax Climate Index, which ranks the tax systems of the 50 states.
Tax

Minnesota CPA Society hosts largest tax conference in upper Midwest

Fifteen hundred CPAs from Minnesota, Wisconsin, Iowa, and the Dakotas are attending the 56th Annual MNCPA Tax Conference. The two-day event offers more than 40 tax-related sessions presented by tax experts from across the country.
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.
A&A

Bloomberg poll: Investing in the United States is a good idea

In the world of investments, BRICs are the large emerging markets made up of Brazil, Russia, India, and China. Just months ago a poll of global investors rated the United States well below China and Brazil as an attractive market to buy into.
A&A

Keeping illegal immigration issues on ICE: U.S. immigration and customs enforcement shifts focus to employers

The images tend to be memorable and camera-friendly – federal agents stage a well-publicized bust on a manufacturing or meat-packing plant and cart off hundreds of undocumented workers.
Community News

Crowe Horwath interns collect thousands of items for charities

Oakbrook, IL-based Crowe Horwath LLP has announced that its summer interns collected more than 3,500 books, toys and shoes to benefit charitable organizations across 15 communities in eight states.
A&A

CFOs expect little change in hiring activity in the fourth quarter

Most financial executives plan to maintain their current accounting and finance staff levels in the fourth quarter, according to a new survey.
Education & Careers

Top business and accounting graduate schools ranked

For everything, there is a ranking. Accounting and business schools are no exception.

Morningstar ranks the best and worst 529 plans this year

Morningstar, the global investment research firm has published its annual list of the best and worst 529 plans – when it comes to earning long-term returns for college savers – and the overall opinion smacks of optimism. Some of the worst plans from years past have folded up and gone away, while others continually strive to improve. Here are the criteria that separate the best plans from the worst: Flexibility. As Morningstar points out, no savings plan is one-size-fits-all.

Sales tax holidays: Love them or hate them?

More than a dozen states and the District of Columbia have sales tax holidays that last at least a couple of days each year, some last much longer. Usually the holiday coincides with back-to-school time to give parents a break on outfitting their kids with necessities. What consumers can buy during the sales tax holidays varies by state, but generally includes clothing, shoes, classroom supplies, and computers, often with a dollar limit. Another popular item that pops up in sales tax holidays is energy efficient appliances for the home.

For most states, stimulus payments will mean added revenue

The economic stimulus payments that taxpayers have received will not be considered taxable income by the Internal Revenue Service but some of this money may end up in the coffers of individual states, which are free to decide how to treat the payments. Few will tax the money directly as income - currently, only Alabama is considering this option - but most anticipate additional revenue from sales or excise taxes, or indirectly, in some states, from a decrease in a deduction.

CPA mobility legislation gains national momentum

Twenty-three states have approved laws to make it less burdensome for certified public accountants to represent clients across state lines.The American Institute of Certified Public Accountants is seeking enactment of similar laws in every state so that a national uniform mobility system will become a reality for CPAs, CPA firms, and the state boards of accountancy that regulate them.

Maryland becomes 18th state to enact CPA mobility legislation

The Maryland General Assembly last week passed a CPA mobility bill that will make it easier for CPAs to do interstate business.

Passing the CPA exam on the first try: Top colleges are ranked

Kansas is known for its bumper crops but who knew they were growing accountants? At Kansas University's School of Business, 72 percent of students without advanced degrees passed the CPA exam on the first try, which is much higher than the average considering most people take the exam more than once.Kansas's Lawrence Journal-World reported that of the 69,259 candidates who took at least one portion of the exam in 2007, only 21,893 were taking it for the first time.
Education & Careers

Stretching "Business Casual" to its limits

With the dog days of summer comes a hot-weather interpretation of "business casual" at some offices: midriff-baring tops and mini skirts on women and flip-flops and T-shirts on men.After more than a decade of business casual dress codes at most accounting firms and other companies, employers are starting to wonder how they got to this point.

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