Michigan news

Tax

NH and MA Residents Convicted for Promoting/Using Tax Defier Schemes

A federal jury in Worcester, MA, convicted William Scott Dion and Catherine Floyd, both of Sanbornville, NH, and Charles Adams of Norwood, MA, for conspiracies to defraud the United States through the promotion and use of multiple tax fraud schemes, the Justice Department and the IRS announced on April 2.
Education & Careers

CCH Names Mackintosh Executive Vice President & General Manager of Tax

CCH, a Wolters Kluwer business announced on April 16, 2012, that Teresa Mackintosh has been named Executive Vice President & General Manager of Tax, effective immediately.
Tax

Woman Indicted for Using Stolen Identities to File False Tax Returns

A federal grand jury in Montgomery, Alabama, returned an indictment charging Jacqueline Slaton for using stolen identities to file false tax returns, the Justice Department, US Attorney George L. Beck Jr., and the IRS announced on April 5.
Tax

Alabama Woman Indicted for Tax Fraud

A federal grand jury in Montgomery, Alabama, returned an indictment on March 28, 2012, charging Wanda Davis with filing false federal income tax returns, the Justice Department and the IRS announced on April 2, 2012. The indictment was unsealed April 2 following Davis's initial appearance.
Tax

Michigan Man Arrested on Tax Charges

Steven Kern of Marine City, Michigan, has been arrested on eight counts of failing to file his individual tax returns and eight counts of filing false corporate tax returns.
Practice Development

The JOBS Act: Economic Solution or Investor Nightmare?

In an effort to jump-start the US economy and create more jobs, both the House and Senate passed the Jumpstart Our Business Startups (JOBS) Act, and President Obama signed the act into law April 8, 2012.
Tax

Maryland CPAs Are Fighting Proposed Tax on Professional Services

Maryland CPAs are mounting a coordinated effort to fight a proposed sales and use tax on professional services that will specifically apply to management consulting and tax preparation services. Lawmakers in Maryland have proposed the measure as one way to solve their budget problems.
Community News

Baker Tilly's 2012 Spend a Day Program

Baker Tilly's annual Spend a Day program is designed for college sophomore and junior accounting majors to experience the culture and atmosphere of a successful accounting and advisory firm.
Community News

Company Announcements: Week of March 26, 2012

Following is the latest roundup of accounting community news for the week of March 26, 2012.
Community News

AICPA Honors Top CPA Exam Performers with the Elijah Watt Sells Award

The American Institute of CPAs (AICPA) has announced the winners of the 2010 Elijah Watt Sells Award. The award was presented to candidates who obtained the ten highest cumulative scores on all four sections of the computerized Uniform CPA Examination.
Community News

Company Announcements: Week of March 19, 2012

Following is the latest roundup of accounting community news for the week of March 19.
AccountingWEB Life

Accounting Jobs Are Safe in Current Economy

More than 90 percent of CFOs say they expect to maintain current levels of staff accounting positions for the second quarter of 2012. Here are the questions controllers should be asking themselves to make sure their staffing decisions are correct.
Election 2012

Tax Talk to Resurface on Super Tuesday. Where Does Santorum Stand?

While Romney managed to maintain his status as the GOP front-runner, there's little doubt the momentum Santorum built in Michigan in February means he still poses a threat to Romney's once all-but-certain ascendency to the Republican nomination going into the ten-state Super Tuesday primary Tuesday, March 6.
AccountingWEB Life

How CPAs Juggle Distractions to Focus on Work

An endless flow of e-mails, chatty coworkers, unexpected clients knocking on your door, and phones that never stop ringing – sound all too familiar? If so, you're not alone. The real question is – how do you stay focused amid the chaos?
Tax

Web Sites Designed for Accountants by Thomson Reuters & Emochila Team

On December 9, Thomson Reuters announced it had acquired Emochila, a leading Web site design company that works specifically with accounting and tax firms. Thomson Reuters and Emochila will now work in collaboration to assist accounting professionals in creating and maintaining their Web sites.
Tax

Sales Tax on Online Purchases Is On the Rise

This holiday season, online shoppers will find more states are looking to make sure gift givers also give their state its fair share – in terms of sales tax for online purchases.
A&A

NASBA, AICPA announce online mobility tool designed to help CPAs practice across state borders

The NASBA and the AICPA have launched an online tool designed to help CPAs navigate the new practice privilege requirements, commonly referred to as mobility laws, that allow CPAs to practice across state borders.
Tax

Taxpayers must report certain foreign bank and financial accounts to Treasury by June 30

All taxpayers with foreign bank or other financial accounts, or with signature authority over such accounts, may be required to submit an FBAR form by June 30.

New Baby Boomer budget item: Taking care of the parents

It is estimated that nearly 10 million adult children over the age of 50 care for their aging parents. These Baby Boomers should be finalizing plans for their own retirement, but they are putting their parents first.
Education & Careers

UCBerkeley accounting students win Deloitte Student Case Study Seminar competition

A team of accounting students from the University of California, Berkeley took top honors at the 16th annual National Student Case Study Seminar against five other national finalist schools from across the country,

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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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