Oklahoma news

Tax

Many States Offer Back-to-School Sales Tax Holidays in 2013

Did you know there are seventeen states where state sales tax charges are temporarily dropped on back-to-school items, such as clothing, footwear, classroom supplies, computers, and certain other products?
Community News

Free Financial Counseling Offered to Tornado Victims June 25

The Oklahoma Society of CPAs (OSCPA) and the office of Oklahoma Congressman James Lankford will be providing free post-crisis financial counseling to victims of the recent Oklahoma tornadoes later this month.
Community News

Oklahoma CPA Firm and OSCPA Assist Victims of Moore Tornado

A team of thirty-six employees from BKD LLP volunteered last week to clean up residences in Moore, Oklahoma, that were destroyed by an EF-5 tornado May 20. The OSCPA is also mobilizing efforts with members and community leaders to help tornado victims.
Education & Careers

Community Service Is a Responsibility BKD Takes Full Throttle

During the monthlong festivities that preceded this year's Indianapolis 500, Ted Dickman saw a lot of smiles – not only on the faces of those who organized and participated in the events, but on the faces of those who attended the events.
Tax

IRS Extends Tax Deadlines for Oklahoma Tornado Victims

Following Monday's disaster declaration for individual assistance issued by FEMA, the IRS announced May 21, 2013, that affected taxpayers in Cleveland, Lincoln, McClain, Oklahoma, and Pottawatomie counties will receive special tax relief.
Tax

Internet Sales Tax Clears Senate Hurdle

New legislation authorizing the states to collect sales tax from companies peddling their wares online breezed through the Senate on May 6 by a wide 69-27 margin. But the Marketplace Fairness Act is expected to face much tougher opposition in the Republican-controlled House of Representatives.
Tax

Is This the Year for Tax Reform?

Is 2013 shaping up to the year of tax reform? "There are more proposals this year than we have seen in the last five years, and an unprecedented number of major state tax reform proposals," said Harley Duncan, a managing director at KPMG.
Tax

Avoid Penalty on ERP Withdrawals

This article from the Oklahoma Society of Certified Public Accountants is one you'll want to share with your clients to help them make wise decisions about early retirement plan withdrawals.
Community News

Company Announcements: Week of April 30, 2012

Following is the latest roundup of accounting community news for the week of April 30, 2012.
Tax

Buffett Rule Fails in Senate

By blocking the so-called "Buffett Rule" with its April 16 vote, the Senate was able to suppress the Democratic push to level the income tax playing field between the 1 percent of wealthiest Americans and the remaining 99 percent of taxpayers.
Tax

IRS Seeks Volunteers for Taxpayer Advocacy Panel

The IRS is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), a federal advisory committee that listens to taxpayers, identifies key issues, and makes recommendations for improving IRS service.
Tax

Paging All Capitol Hill Staffers: Pay Your Taxes!

Mitt Romney isn't the only one in Washington, DC, with his tax returns under the microscope. According to new data released by the IRS, 3 percent of Senate employees and more than 4 percent of House members still owe tax for the 2010 tax year, adding up to approximately $10.6 million in unpaid taxes.
Tax

GOP Tax Debate Could Coalesce around Ron Paul's Ascension in Primaries

Despite his decisive second-place finish in the New Hampshire primary and his strong third-place showing in the Iowa caucus, there are still some political pundits who question whether Ron Paul, who was initially a middle-of-the pack candidate, is a viable contender for the GOP presidential nomination.
Community News

Company Announcements: Week of November 28, 2011

Here's a roundup of accounting community news for the week of November 28, 2011.
Tax

Cyber-Shopping: 10 Tips for Safe Online Holiday Shopping

Internet Retailer reports that 72 percent of U.S. online consumers expect to shop online this holiday season. The Oklahoma Society of CPAs has some advice for those of you who want to avoid walking the aisles and lugging bags at the local shopping mall.
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.
Election 2012

Rick Perry's Tax Plan Opens 'Intriguing' Debate

Texas Gov. and Republican presidential candidate Rick Perry entered the tax reform fray recently when he made good on his debate promise to "bump plans" with fellow candidate Herman Cain's 9-9-9 tax proposal by introducing his own "Cut, Balance and Grow" economic stimulus plan.
Community News

Oklahoma CPA receives special recognition award from the AICPA

In his more than 40-year career as a member of the CPA profession, Carlos E. Johnson, CPA, EdD, has approached service to his vocation not as a duty, but as a calling – to consistently provide exemplary and unwavering leadership on the industry's legislative, academic, and not-for-profit fronts.
A&A

Student tax preparers perform 'marriage' ceremony

Accounting students preparing tax returns at Northeastern State University's VITA clinic got to say, "I now pronounce you... Married Filing Jointly."
Tax

IRS filling vacancies on Taxpayer Advocacy Panel

The Internal Revenue Service is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), a federal advisory committee that listens to taxpayers, identifies key issues, and makes recommendations for improving IRS service.

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