State and Local

Academic Accounting Programs Ranked

An accounting industry newsletter has named the accounting programs at the University of Alabama (UA) among the nation’s best, according to the Birmingham Business Journal. The website for the Culverhouse College of Commerce and Business Administration said that the rankings were published in the October 2006 issue of Public Accounting Report.
Tax

Small Business Survival Index Released

The Washington-based Small Business & Entrepreneurship Council (SBEC) released their 2006 small-business survival study last week. The Warren (Ohio) Tribune Chronicle reports their results compare states for the tax, spending, regulatory and litigation burdens, according to the council’s chief economist Raymond Keating.Small businesses and the spirit of entrepreneurship are important for our economy. Any policies that affect the health and growth of businesses should be examined more closely for obstacles to this sector’s vitality.
Education & Careers

Accounting Team Wins Competition for Third Consecutive Year

The accounting team from the University of Southern Indiana College of Business has a third consecutive win in the annual Indiana CPA Society (INCPAS) Case Study Competition. The USI press release reports that teams from 11 Indiana universities participated in the initial competition. Out of these 11 teams, six teams were selected to give their oral presentations in Indianapolis early on November 3rd, according to the Evansville Courier & Press.
Practice Management

Mark Your Calendar: New England Practice Management Conference

On Thursday, November 30 and Friday, December 1, the Massachusetts Society of Certified Public Accountants (MSCPA) is presenting their Annual New England Practice Management Conference at the Mohegan Sun Casino in Uncasville, Conn. The conference will cover a variety of practice management topics, from staff retention and partner compensation, to leadership skills and succession planning.
Tax

Winners and Losers Among Ballot Propositions Affecting Taxes

Voters approved 141 of the 205 initiatives and referendums on the ballots of 37 states in Tuesday’s election, rejecting only 59, according to iandrinstitute.org’s Ballotwatch. Five measures, including Arizona’s controversial cap on property tax increases, remain to be decided.
Community News

Moss Adams to Acquire Scottsdale Firm

Seattle’s Moss Adams LLP will grow larger and expand into a new market when it acquires Epstein Weber & Conover PLC of Scottsdale, Ariz., on Jan. 1, the company announced.The Seattle-based Moss Adams accounting and consulting firm is currently rated as 12th-largest in the U.S.
Tax

Spending Caps, Tax Measures on Ballot in Many States

After choosing their candidates on November 7, voters will check yes or no on ballot propositions that, along with more familiar bond issue proposals, would increase the minimum wage, support property rights, prohibit same sex marriage, and limit tax increases. While Taxpayer Bill of Rights (TABOR) proposals that put caps on future spending have received national attention, proposals that will affect property taxes and increases in personal exemptions are much more popular this year.
Community News

Merger Puts Firm in Top 10 in Indianapolis

Two privately held accounting firms have merged, creating one of the largest private firms in the Indianapolis area. Zurface, Sanders & Rasor and LM Henderson & Company PC joined October 1. The new firm is operating under the name LM Henderson and Co. LLP, with approximately 40 employees.ZSR had been ranked 25th in the area, based on number of employees, by the Indiana Business Journal Book of Lists, while Henderson was placed at 15th, which was among the highest for private, local firms.
Community News

Six “Women to Watch” in the CPA Profession

The Work/Life and Women’s Initiatives Executive Committee of the American Institutes of Certified Public Accountants (AICPA), the Illinois CPA society and the New Mexico Society of CPAs, are honoring the accomplishments of six women in the CPA profession with “Women to Watch” Awards.
Technology

Canadian Accountants Return to Television

“As the first accounting association to get our message out on TV with a series of profile-raising ads that ran from 1994 to 1999, we definitely recognize the power of television,” Delmarie Scherloski, director of public affairs for the Certified General Accountants (CGA) of Ontario, explained in announcing the airing of three new television ads. “For the last few years we used ‘close captioning’, but the time has come to again expand on CGA Ontario’s message.
Community News

Accounting Students Get $1.2 Million from Anonymous Benefactor

A $1.2 million endowment bequest has been established for undergraduate scholarships and graduate fellowships for students studying accounting at the University at Buffalo School of Management. The donor, who grew up in Buffalo and holds both undergraduate and graduate degrees from the School of Management, wishes to remain anonymous. “This gift from a School of Management graduate,” John M.
Tax

The Best, and Worst, State Tax Climates for Business

When it comes to gaining or losing jobs, the Department of Labor (DoL) reports the most mass job relocations occur between U.S. states, rather than jobs moving out of the country entirely.
Community News

More Firms Combine – Goal is Long-term Growth

Mergers have been announced recently in Indiana and Connecticut between firms with similar cultures looking to expand their existing client service capabilities and establish a stronger presence in their regions.

States Must Report Health Care Liabilities for Retired Employees

State and local governments, long generous to employees with promises of health care in retirement, often in exchange for pay increases, are struggling to estimate these costs for financial statement purposes, according to new rules issued by the Government Accounting Standards Board (GASB).
Tax

Indiana Community Weathers Collapse of Local Bank

Earl Ford McNaughton might never have realized the effect of his actions today, had anyone asked about his future several years ago. Back then he was the champion of the small Indiana town in Steuben County that his family had first settled in 1836. That year, KPCNews.net reports, his great-great-great-grandfather, Alexander McNaughton, built a water-powered grinding mill in his little town of Ray.
Tax

California Church Fights IRS Summons

Although the Internal Revenue Service (IRS) will not comment on the dispute, an Episcopal church in Pasadena, Calif., has been threatened with the loss of its tax-exempt status.
Community News

Leslie Mostow Named Chairman of Maryland’s Board of Public Accountancy

On September 5, Reznick Group Principal Leslie A. Mostow, CPA, was named Chairman of the Maryland State Board of Public Accountancy. The Board of Public Accountancy is the governing organization of certified public accountants (CPAs) in the state, establishing licensing guidelines and regulating individuals and firms that offer accounting services.“This appointment is, without question, a highlight of my career,” commented Mostow.
Community News

Utah CPAs Oppose Dual Track Income Tax Plan

The Utah Association of Certified Public Accountants last week sent a letter to Governor Jon Huntsman, Jr. criticizing the governor’s proposed two-option income tax plan scheduled for a vote in a special session of the state legislature later this month. “There is no question that true tax reform is needed in the state of Utah", the letter said, according to the Salt Lake Tribune.
Technology

Emphasis on Customer Service: Crowe Chizek, PKF Texas and Microsoft

The customer comes first. In an effort to achieve this standard, accounting firms Crowe Chizek and Company LLC and Pannell Kerr Forster of Texas P.C. (PKF Texas) are both working with Microsoft but in very different ways. For the second consecutive year, Crowe Chizek has been named to the Microsoft Business Solutions President’s Club. “Crowe is honored to be recognized for our strong relationships with both Microsoft Business Solutions and our clients,” Crowe chief executive officer (CEO) Mark Hildebrand said in a statement announcing the distinction.
A&A

Effects of 9/11 on Wages and Earnings

September 11, 2001, has had a far-reaching impact on the wages and earnings of individuals affected by the events of that day. Wages and weekly earnings for Arab and Muslim men living in the U.S. declined 10 percent following the attacks.

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