Utah news

Election 2012

Huntsman Tax Reform Plan Calls for Sweeping Reform, Raises Questions

Unlike many of his fellow Republican presidential candidates, Jon Huntsman, advocates a tax reform proposal that still adheres to the basic structure of the existing U.S. tax code.
Election 2012

Tax talk leads off GOP debate in Florida

The latest Republican debate in Orlando kicked off with a clear focus on taxes and their effect on small businesses and overall economic growth.
A&A

The 2011 Women to Watch awards – recognizing outstanding women in the accounting profession

Outstanding women – those who have made significant contributions to the accounting profession and to the development of women – receive recognition through the Women to Watch program.
Community News

Company announcements: Week of August 8, 2011

Following is the latest roundup of accounting community news for the week of August 8, 2011.
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.
Tax

Treasury launches prepaid debit and payroll card program

The U.S. Department of the Treasury has launched a program offering taxpayers a financial account for the electronic delivery of federal tax refunds. It says the account card offers conveniences and consumer protection features.
A&A

CPA travels Route 66 to promote fuel that benefits Mother Nature

Not only did compressed natural gas benefit the business of a CPA's friend and client, it was the genesis of a record-breaking trip along Route 66 to promote alternative fuel and energy independence. AccountingWEB's Jason Bramwell reports.
Tax

Tax Foundation releases state business tax index

South Dakota's tax system is most welcoming to economic activity while New York's tax code ranks 50th as the least hospitable, according to the Tax Foundation's most recent edition of the State Business Tax Climate Index, which ranks the tax systems of the 50 states.
Tax

Four celebrities face battles with the IRS

Even the thin, beautiful, and talented have to pay their fair share of taxes. Beverly Johnson, Janice Dickinson, Jaime Pressly, and Toni Braxton have run-ins with the IRS.
Community News

Company announcements: Week of November 8

Following is the latest roundup of firm news for the week of November 8, 2010.
Tax

Justice Department shows no compassion for church's alleged tax shenanigans

The U.S. Department of Justice has asked a federal court to permanently bar Kevin Hartshorn from promoting an allegedly false church-based tax fraud scheme.
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.
Tax

Salt Lake City federal court bars CPA from preparing tax returns for others

A federal court in Salt Lake City has permanently barred Dick Jenkins, a CPA from Heber City, Utah, from preparing tax returns for others.
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.

Morningstar ranks the best and worst 529 plans this year

Morningstar, the global investment research firm has published its annual list of the best and worst 529 plans – when it comes to earning long-term returns for college savers – and the overall opinion smacks of optimism. Some of the worst plans from years past have folded up and gone away, while others continually strive to improve. Here are the criteria that separate the best plans from the worst: Flexibility. As Morningstar points out, no savings plan is one-size-fits-all.

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.

Overstock drops Web affiliates in fallout over NY sales tax law

On the heels of Amazon.com suing the State of New York over a new tax law aimed at online retailers, Overstock.com has cut its ties with New York affiliates, saying it will no longer do business with Web site owners in the state who get commissions for referring customers to its site.

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.

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