North Carolina news

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.
Tax

Vendors take pity on taxpayers by offering free Tax Day goodies

If you act fast, you can take some of the stress out of Tax Day by collecting freebies all over town. Here's a roadmap to treats for taxpayers.
Tax

Managing sales and use tax compliance getting harder for small businesses

Just staying on top of the 8,000 different state and local tax rates and a thousand changes that are made every year by state legislatures is a huge challenge for small and mid-sized business in normal times.
Community News

North Carolina CPA firms merge

Pittard, Perry & Crone Inc., a CPA firm with nine offices in North Carolina, has acquired two independent CPA firms in Raleigh.
A&A

Opinion: SEC IFRS support not all it's cracked up to be

The SEC has announced its support for a single set of high-quality, globally accepted accounting standards as well as for the ongoing convergence of GAAP and IFRS. What does this mean for U.S. accountants? Nothing.
Education & Careers

Accounting Scholarship Programs

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

The Internet nexus sales tax debate: "Amazon Laws" vs. the Streamlined Sales Tax Project

While the precise amount of sales tax revenue that is lost through online retailing may be in question, there is little doubt that the amounts are large enough to warrant attention by state budget directors who are looking for money.
Community News

Transcontinental merger creates Top 50 accounting firm

Two leading independent accounting firms, with offices on both coasts, have announced a merger which will create a national firm ranked in the Top 50 accounting firms in the U.S.
Tax

Madoff’s Florida luxuries bring in $2 million for his victims

Items once owned by infamous Ponzi schemer Bernard Madoff are being auctioned off to provide some restitution to victims.
Tax

Cash for Refrigerators program might not be ready by Christmas

The federal government is hoping to roll out a Cash for Clunkers program, this time designed to boost the appliance manufacturing industry.
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.
Community News

St. Louis CPA firms announce merger

Belleville, Illinois-based Ganim, Meder, Childers & Hoering, P.C. (GMCH) is joining LarsonAllen LLP (LarsonAllen) on October 1, 2009.

Chief U.S. tax writer, Charles Rangel, hit with another round of trouble

With Charles Rangel still reeling from the financial misconduct charges leveled at him last year -- for tax years 2004, 2005, and 2006 -- round two is now hitting him hard and fast.
Education & Careers

Top business and accounting graduate schools ranked

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

AICPA announces 2008 Elijah Watt Sells awards

The American Institute of Certified Public Accountants has announced winners of the 2008 Elijah Watt Sells Awards.

CPA profession creates doctoral scholars program

The CPA profession has created an Accounting Doctoral Scholars program to help reverse a shortage of Ph.D. accounting faculty in U.S. colleges and universities. The new program is being spearheaded by the largest accounting firms and will be administered by the American Institute of Certified Public Accountants Foundation. To date, more than 70 of the country’s biggest firms, along with several state CPA societies, have committed a total of $15 million to the program.

Sales tax holidays: Love them or hate them?

More than a dozen states and the District of Columbia have sales tax holidays that last at least a couple of days each year, some last much longer. Usually the holiday coincides with back-to-school time to give parents a break on outfitting their kids with necessities. What consumers can buy during the sales tax holidays varies by state, but generally includes clothing, shoes, classroom supplies, and computers, often with a dollar limit. Another popular item that pops up in sales tax holidays is energy efficient appliances for the home.

Financial executives see U.S. economy in recession

The U.S. economy has already entered a recession and the outlook remains negative according to a majority of chief financial officers and senior-level executive CPAs surveyed by the American Institute of Certified Public Accountants and the University of North Carolina's Kenan-Flagler Business School. For a third consecutive quarter, executive CPAs serving in business and industry continue to foresee slowing economic growth ahead, the latest AICPA-UNC Business and Industry Economic Outlook Survey shows.

CPAs pessimistic about economic outlook

Expectations for the U.S. economy turned sharply negative among senior-level executive CPAs as the outlook for finance, real estate, and retail trade declined in the first quarter, according to the latest Business and Industry Economic Outlook Survey of the American Institute of Certified Public Accountants and the University of North Carolina's Kenan-Flagler Business School.For the first time since the AICPA survey began in December 2005, pessimists outnumbered optimists and did so by nearly a five-to-one margin. The economy emerged as the top issue facing lawmakers and U.S.

News Wrap-Up - Issue 269

This News Wrap-Up Brought To You By:CCH Tax & Accounting's Accounting Research Manager(TM)Industry Profiles from First ResearchTHIS WEEK'S NEWSFASB Says Companies Should Book Tax Break as DeductionAICPA Adopts New Ethics Requirements for Outsourcing

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