Maryland news

A&A

Accounting for Apple's iPad

What initially might have been viewed as nothing more than an attention-grabbing gadget useful for reading electronic books and mail, mobile Internet-capable computing devices have become a convenient and practical tool for accountants. Managing Editor Bill Grabarek reports.
Tax

Thomson Reuters customers gather for back-to-back tax and accounting conferences

The Tax & Accounting business of Thomson Reuters will host more than 2,000 customers at two user conferences this fall – one for its professional tax and accounting firm customers on October 27 and another for corporate tax department and trust tax customers on November 1.

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Video provided by Maryland Association of CPAs

If I Were an Auditor - A Second Life Accounting Music Video

Produced by the Maryland Association of CPAs, Tom Hood, Executive Director & CEO. Musical co-directors Steven Zelin ("The Singing CPA") and Edith Orenstein, Financial Executives International.
Practice Development

Measuring the effectiveness of in-house training

Accounting firms that offer training programs in house for staff and management want to ensure that individuals meet continuing professional education requirements. At many firms, training programs encompass larger goals and are at the core of a firm’s culture.
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.
Practice

AccountingWEB LIVE! Conference to offer engaging sessions, CPE credit

AccountingWEB, the leading online media company for accountants, will be presenting the AccountingWEB LIVE! Conference on Tuesday, September 14, at the BWI Airport Marriott in Baltimore.
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.
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.
Tax

Fear factor: Intimidating print, TV ads used in amnesty program

Tax amnesty can be an effective way for a taxing authority to quickly fill its coffers, clear a lot of names off the delinquency list, and help balance the budget. States do it from time to time, though critics warn that it can undermine regular collections if taxpayers begin to sense a pattern.
Workplace Fitness

MACPA working to reduce stress, promote laughter, improve relationships

The Maryland Association of Certified Public Accountants has initiated a wellness program to encourage staff to be healthy and happy. It isn’t a weight-loss program or even a fitness program as much as it is a way to reduce stress, connect with others, and be healthier.
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

Accounting Scholarship Programs

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

Accounting music video launches in time for holiday

"If I Were an Auditor," a song parody of "If I Were a Carpenter," is the first ever music video about accounting performed and filmed in the virtual world of Second Life.
Tax

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. 
Community News

Two Baltimore accounting firms announce merger

Gorfine, Schiller & Gardyn, P.A., (GSG) of Owings Mills and Hagerstown, Maryland, and Baltimore’s Bernard B. Cohen & Company LLC (BBC) have merged combining forces to provide a comprehensive menu of accounting, financial, and consulting services for businesses and individuals throughout Maryland.
Tax

IRS issues proposed regulations on new basis reporting requirement

The Internal Revenue Service has issued proposed regulations under a new law that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later years.
Education & Careers

State hiring credits on the governor's agenda in Maryland

Maryland Governor Martin O'Malley is pushing hard for a state tax credit – among other measures – that is intended to help his state get people off the unemployment rolls and back to work.
Tax

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.

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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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