Michigan news

Can racecar champ Helio Castroneves outrun the taxman?

A winner on the Indy racetrack and onstage at Dancing With the Stars... but in one of his most recent appearances, Helio Castroneves was wearing handcuffs and leg irons. Last Friday the 33 year old Brazilian racecar driver appeared in court to face multiple charges of tax evasion and one count of conspiracy to defraud the United States of taxes on $5.5 million in income.

Michigan enacts CPA mobility legislation

Michigan has become the 24th state to enact CPA license mobility provisions on Wednesday, June 11 when Governor Jennifer Granholm signed House Bill 5936.The bill, now Public Act 161 of 2008, was sponsored by Representative Andy Coulouris (D-Saginaw), chair of the House Committee on Banking and Financial Services, and met little resistance throughout the legislative process.

For most states, stimulus payments will mean added revenue

The economic stimulus payments that taxpayers have received will not be considered taxable income by the Internal Revenue Service but some of this money may end up in the coffers of individual states, which are free to decide how to treat the payments. Few will tax the money directly as income - currently, only Alabama is considering this option - but most anticipate additional revenue from sales or excise taxes, or indirectly, in some states, from a decrease in a deduction.

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.

Health insurance keeping potential retirees on the payroll

Older workers without other health care insurance options are more likely to defer retirement to stay covered under their employer's plan, according to an analysis by Watson Wyatt Worldwide, a leading global consulting firm.

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.

Passing the CPA exam on the first try: Top colleges are ranked

Kansas is known for its bumper crops but who knew they were growing accountants? At Kansas University's School of Business, 72 percent of students without advanced degrees passed the CPA exam on the first try, which is much higher than the average considering most people take the exam more than once.Kansas's Lawrence Journal-World reported that of the 69,259 candidates who took at least one portion of the exam in 2007, only 21,893 were taking it for the first time.

Resource Guide - Issue 184

Brought To You By: E-Book: Taking Your Firm Up in a Down EconomyTHIS WEEK'S RESOURCESSmall Accounting Firms Shop for "Safe" Companies Tax Season Stress Busters...Part One Tips to Guard Against Identity Theft Vulnerability IRS Rebuts Those Making Frivolous Arguments on Paying TaxesCFOs Must File Internal-Control Certifications, Despite ExtensionMinorities, Women See Greater Opportunities on Corp.

Resource Guide - Issue 180

Brought To You By: The Guide to Paperless CPA Firm AdministrationThe Professional Services Firm Marketing CD SystemTHIS WEEK'S RESOURCESNew Report Highlights KPMG's Tax Shelters Tax Law Changes for Individuals"America Counts on CPAs" - New Tagline for the ProfessionCertain Tax Retur

News Wrap-Up - Issue 227

This News Wrap-Up Brought To You By:Practitioners Publishing Company (PPC)THIS WEEK'S NEWSThe Top 10 Scams, Schemes & Scandals For 2004SEC Takes Action Against Grant Thornton, Doeren MayhewAdecco Executives Resign Amidst Accounting ProbesEU Official Seeks Tighter Rules to Prevent Future ScandalsAuditors Find Fraud at HealthSouth Could Total $4.6 BillionNew Arrest in Parmalat Scandal, Accounting Firms Named in Pr

AccountingWEB Weekly News Wrap-up - Issue 23

The AccountingWEB Friday Wrap-Up Newswire - Issue 23December 31, 1999http://www.accountingweb.comIn the headlines this week:1. Three CPA Firms Make Fortune's 100 "Best Places To Work" List2. 10 Biggest M&A Bloopers of 19993. New Offers In Compromise Program Unveiled By IRS4. Compute The Cost of a Bad Hire5. Post-Y2K Security Checklist6. CBIZ Starts Shaving Offices and Staff7. Customer Covers $35 Microsoft Debt - Saves Christmas for 52 Million!8.

AccountingWEB Weekly News Wrap-up - Issue 9

The AccountingWEB Newswire - Issue 9September 16, 1999http://www.accountingweb.com============================================================== In the headlines this week:1. 50% of 401k Plan Participants Cash In Prematurely2. Workplace Training Tools To Reduce HR Suits3. WGL Develops On-Line Corporate Finance Network4. Republican Tax Bill To Be Vetoed5. Ascension of Women into Partner Ranks is Slow But Steady6. Marketing Plan Guidelines You Can Use7.

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