Latest Articles

fedex-boeing-727-200C1

January 11, 2013 

FedEx donates Boeing 727 to College Aviation Science program

FedEx Express has donated a Boeing 727-200F to California Baptist University for use by its new aviation science program. The cargo jet made its final taxi today after landing at the Riverside Municipal Airport. The aircraft will be on permanent display at the airport and will provide a working laboratory for aviation science students.

 KPMG’s Audit Committee Outlines Top Priorities for Audit Committees in 2013

January 11, 2013 

KPMG’s Audit Committee Outlines Top Priorities for Audit Committees in 2013

KPMG’s Audit Committee Institute recently published its “Audit Committee Priorities for 2013.” The agenda aims to help audit committees remain focused on their top priorities and meet the governance challenges they will face this year. “The audit committee’s agenda is not getting any lighter,” notes Dennis T. Whalen, ACI’s Partner in Charge and Executive Director....…

jerrybrown1

January 10, 2013 

California reports budget surplus

After more than a decade of financial strife, teacher cutbacks, employees paid with IOUs and the recall of one governor, California Governor Jerry Brown unveiled the state's latest finances. The surprise for many: A budget surplus of about $851 million.

Isaac M. O'Bannon

 Will retailers start passing along credit card ‘swipe fees?’

January 10, 2013 

Will retailers start passing along credit card ‘swipe fees?’

Until a recent class action settlement between the nation's largest retailers and biggest financial institutions, most credit card-issuing banks prohibited merchants accepting their cards from adding swipe fees on top of a customer's total. The fees are instead paid directly by merchants, and are usually 1.5 to 3 percent of a transaction.

 Tax credits for energy-efficient home improvements reinstated

January 10, 2013 

Tax credits for energy-efficient home improvements reinstated

Federal tax credits for energy-efficient home improvements are back. Reinstatement of the popular credits was a little-noticed part of the American Taxpayer Relief Act, the last-minute legislation that kept America from tumbling over the fiscal cliff at the start of the year.

 Salaries for internal auditors rising

Accounting January 10, 2013 

Salaries for internal auditors rising

Analysis reveals that an increased number of internal auditors will receive raises, specialized skills and certifications yield higher salaries, and employers are increasing their focus on work-life balance.

 Virginia proposal complicates Maryland’s gas tax debate

January 10, 2013 

Virginia proposal complicates Maryland’s gas tax debate

The governor of Virginia has thrown a new wrinkle into a Maryland debate by calling for abolition of the commonwealth’s gas tax and increasing the sales tax to pay for roads and transit, a move that would alter the competitive balance between the two states. This week’s proposal by Gov. Bob McDonnell, a Republican, is...…

 Texas sales tax revenues climb by 9.4%

January 10, 2013 

Texas sales tax revenues climb by 9.4%

Texas saw its sales tax collections rise again in December, with revenue of $2.17 billion, an increase of 9.4 percent over the same month last year, the state comptroller's office said Wednesday.