Oregon news

Technology

Thomson Reuters NetClient CS Users Share Client Portal Experiences

There used to be a time when financial professionals at tax and accounting firms spent hours of their time in back offices copying returns in triplicate or communicating with their clients through daylong games of phone tag or trips to the post office.
Education & Careers

From cell phone expenses to retirement: High school students test their knowledge

It is the rare high school student who can get interested in planning for retirement, but managing cell phone expenses? Now you're talking.
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.
Community News

Company announcements: Week of March 21, 2011

Following is the latest roundup of accounting community news for the week of March 21, 2011.
Tax

What voters said about tax hikes in November elections

As lawmakers try to solve budgetary shortfalls by raising taxes in most states, taxpayers are not pleased, and they said so earlier this month at the polls.
Education & Careers

Slight increase in net hiring projected for first time since Q1 2009

Hiring in accounting and finance is expected to increase slightly in the fourth quarter, according to the Robert Half Financial Hiring Index.
Tax

Would you like your bagel with a side of extra tax?

Until recently, residents of Albany, New York, have not had to pay tax on the purchase of their morning bagels. At least for one major bagel chain – Bruegger’s – that’s all over. Why? Because the city of Albany needs cash and they are going to get it one bagel at a time.
Tax

Oregon mulls details of miles-driven tax to pump up revenue

Motorists are being urged to reduce their dependence on fossil fuels from the federal government, conservationists, and their own wallets. However, less money spent on gasoline comes at a cost.
Practice Management

Managing medical marijuana use in the workplace

For employers with operations in the 14 states that have legalized marijuana for medical purposes, it is a difficult task to juggle the need for a drug-free workplace environment and the rights of employees who have prescriptions to legally use marijuana.
Tax

Broke states and broken promises

According to a recent report from the National Association of State Budget Officers and the National Governors Association, state fiscal conditions "have continued to worsen" and state revenues can be expected to lag behind a national economic recovery by one to three years.
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.
Community News

SEC's Office of the Chief Accountant selects accounting fellows

The Securities and Exchange Commission's Office of the Chief Accountant recently has selected eight professional accounting fellows for two-year terms beginning in 2010.
Tax

States scramble for tax revenue wherever they can find it

Imagine your state tax collectors hard at work…reading the entertainment news as part of their job description. State tax authorities always have used the media to track the cross-state earnings of sports stars, celebrities, and other wealthy individuals.
Education & Careers

Accounting Scholarship Programs

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

Oregon CPA admits to filing false tax return for bookie

A Redmond, Oregon-based CPA has pleaded guilty to assisting in filing a false tax return on behalf of a client who admitted to running an illegal gambling operation, the Department of Justice announced.
Tax

Tax preparer performance standards to be discussed at public forum

Public forum will address review of paid preparers and produce recommendations to boost taxpayer compliance.

Bullying in the workplace is an international issue

If you thought you left bullying behind along with jump ropes and gym uniforms, think again. The Workplace Bullying Institute, yes there is such a thing, reported last year that 37 percent of the U.S workforce or 54 million employees are being bullied now or have been bullied at the workplace at some point during their careers.

TIGTA auditors go undercover to determine reliability of unlicensed tax preparers

A growing number of U.S. taxpayers are relying on tax preparers to file their returns. For the 2007 tax year, that meant 83 million returns, or more than half of all taxpayers. What troubles the Treasury Inspector General for Tax Administration (TIGTA) is, there is no federal standard regulating this profession. No specific training or education is required and only two states – California and Oregon demand that tax preparers be licensed and have continuing education. That's why legislation has been proposed in Congress that will provide oversight of tax preparers.

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.

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.

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