Washington DC news

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.
A&A

AccountingWEB scholarship winners embark on life after college

Since graduating college in the past year, the three students who won $500 scholarships from AccountingWEB in 2009 are finding their niche in the accounting profession. Jason Bramwell reports.
Community News

Company announcements: Week of November 8

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

New route to allowing unions through card checks?

When Barack Obama ran for president, his message was all about hope and change. But a recent decision by one regulatory agency makes it seem like it may all just be politics as usual in Washington. That decision, by a politically appointed board, seems to represent an end-run around Congress.
Community News

M&A: CG buys Farrell & Associates; Two Ohio CPA firms merge

Milwaukee-based Clifton Gunderson has expanded its presence into northern Illinois by merging in Farrell & Associates of Rockford. Also, David C. Murray & Co. CPAs, Inc., and Robert K. Rohlfs, CPA, have combined their practices.
Practice

Economic confidence rises in Q3; CFOs plan to hire

Chief financial officers are slowly but surely easing from the recession, and are finding new opportunities to hire, despite unemployment levels remaining historically high.
Technology

Seven features to consider when purchasing a laptop

What would make the perfect laptop computer for an accountant? Sure, you would want a device that has the best performance at a reasonable price. But what about other important features like battery life, keyboard quality, and portability? AccountingWEB’s Jason Bramwell reports.
A&A

Exclusive: IRS commissioner announces interim relief from tax preparer testing requirement

Speaking at this week's National Tax Conference in Washington, D.C., IRS Commissioner Mark Schulman addressed concerns about the new tax preparer identification guidelines that are about to take effect. Managing Editor Gail Perry reports.
A&A

Exclusive: National Tax Conference kicks off in D.C.

Approximately 600 CPAs are gathered in Washington, D.C., this week to get the latest on tax reforms and the potential impact of the mid-term elections at the 35th annual National Tax Conference sponsored by the AICPA. Managing Editor Gail Perry reports.
Education & Careers

Colleges and universities must be ethical

The actions of colleges and universities provide examples to their students of how to act with – or without – a high level of ethical standards. From grading practices to sustainability, these institutions need to be cognizant of the message they send.
A&A

Japan’s economic crunch, its effect on the U.S.

Growing concerns have compelled the Bank of Japan’s policy board to take significant steps to jumpstart its faltering economy. The bank calls its multi-pronged strategy a “comprehensive monetary easing policy.”
Community News

Stonefield Josephson merges with Marcum

The East Coast and the West Coast got a little closer in the accounting world with the merger of New York City-based Marcum LLP and Stonefield Josephson, Inc., of Los Angeles.
Tax

Pastors challenge restricted speech on Pulpit Freedom Sunday

In what is becoming an annual event, pastors across the country recently challenged the Internal Revenue Service's ban on political advocacy in churches for the third year in a row.
Tax

Bush tax cut dithering might lead to shrinking paychecks

The clock is ticking on the Bush tax cuts, and the likelihood that a vote to extend them will happen before November is not looking good. Why the urgency? Because the Internal Revenue Service needs lead time to create, publish, and distribute tax tables for the first payroll of 2011.
Technology

Facebook founder is subject of new movie; donates $100 million to Newark schools

Mark Zuckerberg, founder and CEO of Facebook, is expected to announce today his $100 million donation to the Newark public school system, which has been described as one of the country's weakest.
A&A

PCAOB announces participants in roundtable on new proposed communications standard

The Public Company Accounting Oversight Board has announced the names of the participants in the roundtable discussion on its proposed standard on auditors' communications with audit committees.
A&A

Russell Golden appointed to FASB, replacing Herz

The Board of Trustees of the Financial Accounting Foundation has announced the appointment of Russell G. Golden to the Financial Accounting Standards Board, effective October 1, 2010. Golden will fill the board member vacancy on the FASB resulting from the retirement of Robert H. Herz
A&A

What’s hot for 2010 tax season?

The 2010 tax season is full of opportunities for tax professionals. The challenge is to keep up with the record number of federal tax updates and make sure clients can take advantage of them.
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

Terrorist? No. Tax debtor. Yes.

A Yemeni man held on suspicion of terrorist activity was released by Amsterdam authorities earlier this month. After some confusion, Ahmed Mohamed Nasser al Soofi was found to have no terrorist connections, but a hefty unpaid tax bill in the amount of nearly $14,000.

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