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Maine news


Confidence among accounting and finance workers drops slightly in Q1

Overall confidence among accounting and finance workers in the United States dipped 0.3 index points to 50.6 in the first quarter of 2010.
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.
Education & Careers

Intuit index: Wages, hours worked remain flat, supply of workers remains high

Small businesses continued to hire more employees in March, extending a trend that began in mid-2009, according to the monthly Small Business Employment Index from Intuit Inc.

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.

Small business and QuickBooks: Did you reconcile?

Love it or hate it, most small business owners are using QuickBooks to track their company’s finances. If you follow these steps on a daily/weekly basis, then reconciling your account should only take a few minutes of your time and should be very easy.
Education & Careers

Accounting Scholarship Programs

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

Nine states and District of Columbia will file tax returns in new locations

The Internal Revenue Service has announced that some taxpayers who file paper income tax returns will send them to different processing centers this year. 
Education & Careers

Getting the most from live CPE training

Smart CPAs are doing more than just fulfilling their state board requirements, they are trying to squeeze the most value out of their continuing education.

U.S. companies experiencing new litigation wave, anticipate more to come

Companies are seeing a litigation wave that corporate counsel expect to swell in the coming year, according to respondents of the 2009 Fulbright & Jaworski L.L.P. Litigation Trends Survey.

Success secrets of women who have risen to CFO in major companies

Despite the relatively large number of women working in the finance function of major corporations, few have attained the position of CFO.

New per diem rates released for travel expense reimbursements

The IRS has updated the rules for determining the amount of an employee's ordinary and necessary business expenses for lodging, meals, and incidental expenses while traveling away from home.

Exemptions, standard deductions not expected to increase for 2010

Taxpayers will reap little benefit from the indexing of many features of the tax code, according CCH's estimated income ranges for each 2010 tax bracket.

PwC survey describes current state of the commercial real estate market

Despite a still-struggling U.S. economy, most equity investors have remained on the sidelines waiting to capitalize on forced sales and more motivated selling.

Mac users give Snow Leopard upgrade mixed reviews

Upgrading operating systems can be a frustrating experience. When a new version comes out, which is every year it seems, users feel obligated to upgrade.

Madoff accountant outlines fraud during guilty plea; judge denies bail

For at least 20 years, Frank DiPascali helped Bernard Madoff pull off what many consider the biggest Ponzi scheme in Wall Street history.
Community News

BearingPoint: The end of an era

The outlook was not good from the beginning. Now, nearly a decade later, the former KPMG Consulting moves ahead with a leaner practice and new owners.
Community News

McGladrey & Pullen terminates agreement with RSM McGladrey

On July 21 McGladrey & Pullen issued formal notice to terminate the service agreement that has so closely tied the two firms together for 10 years.

Screaming IRS agent goes to jail

Few things are certain in this life. There's death, and of course we all have to pay our taxes. Here’s a third rule to live by: it is never a good idea to scream death threats at federal agents.

Rosenberg MAP survey shows some pessimism for CPA industry

The CPA industry enjoyed a fantastic year in 2007, a year that most experts feel will mark the end of a frenetic five-year boom in demand for CPA firm services. Firms with annual net fees over $2 million in 2007 (referred to as the "Over $2M Group") experienced the following in 2007: 

IRS encouraged to market free tax services to RAL recipients

The Treasury Inspector General for Tax Administration (TIGTA) has publicly released its review of the impact that Refund Anticipation Loans (RALs) have on taxpayers.The report, titled Many Taxpayers Who Obtain Refund Anticipation Loans Could Benefit From Free Tax Preparation Services, was based on a survey of 250 taxpayers whose Internal Revenue Service (IRS) records indicated they had received a RAL.


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