Washington DC news

Education & Careers

AICPA and Accountemps to provide five scholarships for accounting students

The AICPA and Accountemps are accepting applications for the 2010-2011 AICPA/Accountemps Student Scholarship. Five individuals will receive $2,500 each for tuition expenses.
Tax

The prince of DC coffee gets a jolt from the king of sales tax

In Washington, D.C., Nick Cho is a local celebrity – at least among the coffee-loving crowd. He was the owner of a popular Capitol Hill hangout called Murky Coffee. Unfortunately for Cho, he’s been gaining fame for a less stimulating reason.
A&A

New retirement plan security rules will affect millions of 401(k) account holders

The U.S. Department of Labor has announced two new rules designed to enhance retirement security and transparency for the millions of workers covered by 401(k), pension, and other retirement arrangements.
A&A

The SEC approves Work Plan to assess U.S. adoption of global accounting standards

The SEC has approved a Work Plan that would aid the Commission as it evaluates the impact that the use of IFRS would have on the U.S. securities market.
AccountingWEB Life

Credit card rules change: Do you still know what's in your wallet?

A new set of provisions kicked in under the 2009 Credit Card Accountability, Responsibility, and Disclosure Act (CARD) on February 22. The rules are designed to give consumers a break.
Education & Careers

Accounting Scholarship Programs

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

California woman racks up hotel bills posing as IRS agent

A woman who amassed more than $55,000 in debt to a Marin County, CA, hotel by posing as an Internal Revenue Service agent has been charged with impersonating a federal employee.
Tax

IRS wants businesses to disclose all uncertain tax positions

The IRS has announced that it is developing a schedule to be filed with the Form 1120 that will require certain business taxpayers to disclose and describe uncertain tax positions on their tax returns.

Recession takes aim at Cupid this year

Apparently not even Cupid is immune to the effects of the recession. Couples will spend 5.8 percent less on tokens of love this Valentine’s Day.

Auditing Standard No. 7: PCAOB strengthens requirements for engagement quality review

Accounting firms performing audits and interim reviews of financial information for public companies should plan to commit more resources, including partner time, to engagement quality reviews for fiscal years beginning on or after December 15, 2009.
Education & Careers

Are federal employees twice as good at their jobs as the rest of us?

Not earning enough in your current job? If you can land a job with the federal government, you could possibly double your total compensation.
Tax

Internal Revenue Service: The new health care police

Someone will have to serve as the health care police. So far, it appears those tasks will fall to the IRS. Take a look at some of the new tasks that will be required once the health law takes effect.
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

IRS issues proposed regulations on new basis reporting requirement

The Internal Revenue Service has issued proposed regulations under a new law that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later years.
Tax

Unemployment taxes may double or even triple in 2010

State unemployment trust funds have fallen to such a low level that rate increases may be required to rebuild their balances even when employment improves.
Community News

Baker Tilly Virchow Krause merges with Beers + Cutler

Baker Tilly Virchow Krause of Chicago has merged with Beers + Cutler of Vienna, VA, in a move that adds 260 employees to Baker Tilly.

Salisbury University takes first place in Goodman Accounting Challenge

A team from Salisbury University in Salisbury, MD was the winner in the eighth annual Goodman Accounting Challenge held at Goodman & Company's Richmond, VA office.
Tax

U.S. value-added tax expected within five years

More than half of senior business executives surveyed by the Tax Governance Institute expect some type of value-added tax (VAT) to be introduced in the United States within five years.
Education & Careers

Need more CPE hours? Consider transient training

If you're feeling the grind of accumulating 40 hours of CPE by the end of the year, it's not too late to incorporate learning with some fun in the sun by 12/31.
Practice

How to be a hero to your clients

"The job of the accountant is to make the client successful and more profitable. As their trusted advisor, it’s the accountant’s responsibility to go the extra mile and help turn obstacles into opportunities for clients."

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Voice of the Editor

Results from a recent AICPA survey disclosed the two top priorities for CPA firms as they plan for the future: bringing in new business and finding talent. Our goal at Sift Media is to help our readers deal with the issues most important to them. One way in which we are doing this is through the launch of our new recruitment/placement service, Going Concern Jobs. Check it out today for your talent needs.
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