Archived News for Tax & Accounting Professionals

Alabama hoping for more film production and revenue in state

It's still too early to tell what effect recent legislation will have on Alabama's ability to attract film and television production companies. But if you ask Kathy Faulk, director of the Alabama Film Office, the marquee might as well read "Welcome to...

News • January 27th, 2013

Business owners feel pinch of unemployment taxes

When North Carolina politicians say it's up to businesses to hire again so the economy can recover, they mean people such as Cindy and Dave Schulz.

News • January 27th, 2013

More business owners operate alone, without employees

Salesman, bookkeeper, adviser and entrepreneur -- Michael Cunningham is all of these as the owner of Sea Isle Bait & Tackle. He is also the only employee.

News • January 27th, 2013

Investors looking at Colorado's new growth industry: Marijuana

Two hedge-fund partners -- monogrammed shirts, taut Windsor knots, cuff links -- step into a hipster cafe in Denver called Sputnik on an unorthodox mission.

News • January 27th, 2013

Tax credit for historic preservation to be reviewed

U.S. Interior Secretary Ken Salazar said in Detroit Friday that he has ordered a review of rules governing the use of historic preservation tax credits with a view to making the credits easier to use in cities like Detroit.

News • January 27th, 2013

Pennsylvania tax collector arrested in $50K theft

A Pennsylvania tax collector was arrested on Friday for allegedly stealing more than $50,000 owed to the borough of Fayette City and Belle Vernon Area School District.

News • January 27th, 2013

Police chief's wife sentenced to prison for embezzling funds from employer

A 38-year-old Madison woman, who is also the wife of the Madison Police Chief, was sentenced Friday in federal court to 15 months in prison for embezzling funds from her employer, according to U.S. Attorney Stephen R. Wigginton.

News • January 27th, 2013

City mayor pledges to work for free after critical state audit

An Oklahoma mayor accused of pilfering hundreds of thousands of dollars in public funds outside the scope of his elected office said he will work for free beginning immediately.

News • January 26th, 2013

Missouri lawmakers considering 1 cent sales tax increase for buildings and roads

Several senators are drafting a proposal that would raise the state sales tax by a penny to pay for specific transportation projects. Part of the money would be allotted to cities and counties for upkeep of local roads and bridges. The 1-cent tax...

News • January 25th, 2013

New Hampshire retail industry now in recovery

New Hampshire's retail industry is finally recovering from the great recession, as is obvious from both sales and employment, thanks partly to America's slow economic recovery and partly to our northern neighbors.

News • January 25th, 2013

Professionals on the Move - January 25, 2013

A weekly roundup of professionals in the tax and accounting profession that have changed jobs and/or been promoted.

News • January 25th, 2013

Tax fraud cases show need for preparer regulation

There are hundreds, if not thousands, of cases each year of uncredentialed "kitchen counter" tax preparers misleading consumers and filing illegal returns. Just this week, we have three more examples:

News • January 25th, 2013

Wisconsin Institute of CPAs accepting applications for scholarships

Applications for college accounting scholarships are being accepted by the WICPA Educational Foundation, Inc. now through February 28, 2013. Students may apply for up to $5,000 at www.wicpa.or/efscholarships.

News • January 25th, 2013

IRS appeals court ruling: Professionals and consumers agree with testing of tax preparers

This was the last thing this tax season needed: Uncertainty for tax professionals, other tax preparers and tax-paying Americans. AICPA, NSA, NAEA and other organizations want IRS testing program.

News • January 24th, 2013

CalCPA Names San Jose CPA Top Young Emerging Professional

For her volunteer efforts that have helped increase outreach to students and young accountants, Megan Thompson, CPA, of San Jose has been named statewide Young Emerging Professional (YEP) of the Year by the California Society of CPAs (CalCPA).

News • January 24th, 2013

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