Rhode Island news

Tax

After the convictions: Wesley Snipes, Richard Hatch, Method Man

In 2009, rapper Method Man, whose real name is Clifford Smith, was arrested on felony tax evasion charges, accused of not filing tax returns for 2004 through 2007. His defense was pretty self-incriminating.
Practice

Most executives remain confident about business growth

Six percent of chief financial officers said they plan to hire full-time accounting and finance employees during the third quarter of 2010, while 9 percent anticipate staff reductions. Despite those numbers, CFOs remain optimistic about the outlook for their businesses.
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.
Workplace Fitness

Inspired by a coworker with MS, Sullivan & Company walks for the National MS Society

When Michele Dandurand had to leave Providence, RI-based CPA firm Sullivan & Company in July of last year due to complications from secondary progressive multiple sclerosis, it was a difficult transition.
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.
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.
A&A

FEI files amicus curiae brief with Supreme Court in support of petition for review of Textron case

Financial Executives International (FEI) has filed an amicus curiae "friend of the court" brief with the Supreme Court of the United States in support of a petition for review of the U.S. vs. Textron case.
Community News

CCR LLP Acquires Orlando CPA and Consulting Firm

CCR LLP (“CCR”), one of the nation’s top 100 accounting (as named by Accounting Today magazine) announced that it has combined operations with Geller, Ragans, James, Oppenheimer & Creel, a full-service CPA and consulting firm based in Orlando, Fla.
Tax

2009 Recap of celebrities with tax woes

Television and movie stars, politicians, athletes, musicians - it seems that no one is above the law, particularly when there are taxes involved. Here is a recap of those notables who faced off with the IRS in 2009.
Tax

Nicolas Cage sues business manager for tax woes

The trouble seems to never end for Nicolas Cage. Now the IRS is after him for $6.26 million in taxes owed on his 2007 income.
Tax

New per diem rates released for travel expense reimbursements

The IRS has updated the rules for determining the amount of an employee's ordinary and necessary business expenses for lodging, meals, and incidental expenses while traveling away from home.
Tax

Survivor's Richard Hatch looking for a do-over on tax evasion sentence

With just a few weeks to go in his prison sentence for tax evasion, Richard Hatch, the first winner of the reality television show Survivor, has managed to grab the spotlight, yet again.
Tax

He’s back... Survivor winner Richard Hatch is in the spotlight again

He was the first winner of the hit reality show, Survivor. And... then he made headlines again in 2006 for failing to pay taxes. Now... he’s back.

Debit cards are new option for Social Security recipients

People who receive Social Security can now get their monthly payments on a prepaid debit card, a new alternative to checks or direct deposit. The U.S. Treasury is offering the Direct Express Debit MasterCard card as a safe, convenient way to receive money, according to wickedlocal.com.

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.

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.

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