Kentucky news

A&A

IRS watchdog: Six months of work saved taxpayers nearly $3 billion

The watchdog over costs and efficiency at the Internal Revenue Service has saved taxpayers almost $3 billion over six months, according to a new report to Congress.
Community News

Ahlbeck & Company joins SS&G

CPA and business advisory firm SS&G recently announced the completion of a merger with Chicago-based Ahlbeck & Company. The merger adds 22 staff members to SS&G's roster of more than 400 employees.
Tax

IRS can spell tax relief for disaster victims

"I'm from the government and I'm here to help you" may be regarded by some to be the most terrifying words in the English language, but not so when you are dealing with a disaster.
Tax

Unemployed can use tax laws to secure a job

Both unemployed (including some recent graduates) and certain currently employed Individuals looking for work can dramatically increase their attractiveness to prospective employers by highlighting certain tax breaks that employers can secure by hiring them.
Education & Careers

SIFE members' passion for business can be powerful force for change

Students In Free Enterprise, an international non-profit network of students, academics, and business leaders working with businesses and higher education organizations, is in the midst of its regional and national competitions.
Tax

Two IRS employees indicted for theft of government money

Two IRS employees in Covington, KY, were charged in a 29-count indictment for stealing thousands of dollars in money orders.
Education & Careers

Accounting Scholarship Programs

AccountingWEB has compiled a list of scholarship opportunities for accounting students.
Tax

Cash for Refrigerators program might not be ready by Christmas

The federal government is hoping to roll out a Cash for Clunkers program, this time designed to boost the appliance manufacturing industry.
Community News

New CPA firm will be Kentucky's largest

Two Louisville accounting firms will combine November 1 to form Kentucky’s largest CPA firm, Mountjoy Chilton Medley, with 214 employees.

Chief U.S. tax writer, Charles Rangel, hit with another round of trouble

With Charles Rangel still reeling from the financial misconduct charges leveled at him last year -- for tax years 2004, 2005, and 2006 -- round two is now hitting him hard and fast.

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.

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.

Resource Guide - Issue 176

Brought To You By: Industry Profiles From First ResearchThe AccountingWEB 2005 Tax CalendarTHIS WEEK'S RESOURCESAchieving a Paperless Office In 2005Business Process Mgt.

Pages

Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
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