Michigan news

Tax

Court case could create an upside to severance payments

Severance pay has become an unfortunate fact of life for many companies and employees. But based on a recent court case, there may be some good news for both.
Tax

From country to rhythm and blues to rap: tax trouble has no favorite genre

Grammy winning country singer Dwight Yoakam might have new material for a sad, sad song now that the Internal Revenue Service has filed a lien against him for nearly half a million dollars.
Tax

IRS knocks out two boxing legends

Thomas “Hitman” Hearns, who earned more than $40 million in his legendary boxing career, may find himself homeless soon, proving that it’s not just ordinary folks who are dealing with the threat of foreclosure.
Workplace Fitness

Accounting instructor is born to run

AccountingWEB is interested in how accounting professionals are staying in shape. Dori Danko, an accounting instructor at Grand Valley State University's School of Accounting, responded to our quest for information and sparked our interest.

Advise your clients how to get cash during hard times without taking a tax hit

Where will your clients obtain much-needed cash when their expenses run high (e.g. an emergency medical bill or the mortgage payment) and their bank accounts are low? Basically, there are four common sources for emergency money: IRAs, 401(k)s, home equity (for those who still have any), and life insurance. Each of these has its own set of tax rules, affecting how much of the cash will be available to the client and how much must instead be paid in taxes.
A&A

Non-Big Four firms increase focus on revenue-growth strategies

Although accounting is often thought of as a recession-proof industry, Big4.com’s 2009 Big Four Firms Performance Analysis released in January paints a somewhat different picture in revenues, personnel, and service delivery.
Tax

Thomson Reuters releases 2010 edition of Mexico Tax, Law, and Business Briefing

The tax and accounting business of Thomson Reuters recently updated its Mexico Tax, Law, and Business Briefing book, which is designed to help companies comply with Mexico's new tax and finance legislation changes, explore opportunities for minimizing the change impacts, and proactively manage audit risk.
Education & Careers

Accounting Scholarship Programs

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

New tools available for job seekers

Robert Half International has released two new tools for those seeking work in this tight job market: online salary calculators in specialized fields and the 2010 Salary Guide.
Tax

Two more celebrities do battle with the taxman

The news for comedian Sinbad seems to grow worse every day. So far, he owes the state of California $2.5 million, and his growing total debt to the federal government now stands at $8.15 million. Meanwhile, a famous author and mistress has lost her home and faces a large tax debt.
Tax

Unemployment taxes may double or even triple in 2010

State unemployment trust funds have fallen to such a low level that rate increases may be required to rebuild their balances even when employment improves.
Tax

Another bad accountant? Michigan man arrested on multiple schemes

If you can't depend on your accountant to be honest with the numbers, who can you depend on?   Robert Denboer Jr., age 33, of Houghton Lake, Michigan is looking at 41 to 51 months in federal prison for various schemes that bilked clients out of more than $900,000.  
Tax

Michigan attorney and client sentenced for tax crimes

A Michigan attorney has been sentenced to five years in prison for attempting to defraud the government. His client received a hefty fine and probation.
Practice

How to be a hero to your clients

"The job of the accountant is to make the client successful and more profitable. As their trusted advisor, it’s the accountant’s responsibility to go the extra mile and help turn obstacles into opportunities for clients."
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

Overweight workers face bias in hiring

Bias toward overweight workers is especially strong in hiring, according to recent studies.
Community News

Carol Scott named AICPA vice president of business, industry and government

The American Institute of Certified Public Accountants has named Carol S. Scott as its new vice president – business, industry, and government.
Education & Careers

E&Y announces academic awards

As part of Ernst & Young LLP's commitment to helping universities prepare their students for a global and inclusive workforce, the firm has announced the winners of the first annual Ernst & Young Inclusive Excellence Awards for Accounting and Business School Faculty.
Education & Careers

Top business and accounting graduate schools ranked

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

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