AccountingWEB US
Obama wants to expand, extend business tax credits
President Barack Obama has proposed a 100 percent bonus depreciation business tax incentive for 2011 to encourage business investment. Obama also wants Congress to make the research-and-development tax (R&D) credit permanent. The official announcement of his plan was made during a political speech Wednesday in Parma, Ohio.
Company announcements: Week of September 7, 2010
Following is the latest roundup of firm news for the week of September 7, 2010.
Survey: Most finance executives confident in business growth
Financial executives are more optimistic today than they were this time last year. More than 80percent of financial leaders surveyed worldwide are at least somewhat confident in their companies' growth prospects, including 30 percent who are very confident, according to the annual Robert Half Global Financial Employment Monitor. Respondents also reported challenges locating skilledprofessionals forcertain jobs.
Actor, tax evader Wesley Snipes faces accusation of stalking
More than a month after Wesley Snipes lost his bid for a new tax trial, his name continues to appear in court documents and news headlines. Most recently, a New York woman has accused him of stalking her as a way to resolve his tax woes.
It's about time: Successfully managing a to-do list
By Brett Owens
Crocodile Dundee's Paul Hogan feels the bite of the tax man
Crocodile Dundee star Paul Hogan owes tax on A$37.6 million (approximately $34 million U.S.) of undeclared income, according to the Australian Tax Office (ATO), which temporarily banned him from leaving the continent until he agreed to pay up.
Rapper Young Buck working on a deal with the IRS
Just a few weeks ago, rap star Young Buck (nee David Darnell Brown) made headlines of a dubious nature. That’s when Internal Revenue Service agents raided his home at gunpoint in Hendersonville, Tennessee.
What to tell your clients as health care reform takes effect
Love it or hate it, your business clients have known for six months that the first bells of the Patient Protection and Affordable Care Act (PPACA) soon would begin to toll.
IRS form helps small businesses claim new health care tax credit
The Internal Revenue Service has released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business health care tax credit when they file income tax returns next year.
Intuit innovation shines in gallery tour
Last week, Intuit hosted a unique event: a tour of several of the products it has in the development pipeline. Many of the products on display are still in development and testing phases, some may not make it to the market. Others are already in play, some in selected markets. The overall effect of the event was to underscore the fact that Intuit is by no means resting on the laurels of its flagship products, but is continuously working to move ahead and stay on top of innovation and new products for our changing society.
New time management techniques
By David Tighe
Time management remains a core focus within leadership, coaching, and mentoring programs.
Inevitably, to keep the subject fresh, new buzz words and soon-to-be clichés pop up to put new clothes on old concepts. You take the new label with a grain of salt, but sometimes the new label makes sense.
Employers shift health care costs to employees
Workers on average are paying nearly $4,000 this year toward the cost of family health coverage - an increase of 14 percent, or $482, above what they paid last year, according to the benchmark 2010 Employer Health Benefits Survey released this month by the Kaiser Family Foundation and the Health Research & Educational Trust (HRET).
IRS explains 2011 changes to flexible spending arrangements
The Internal Revenue Service has issued guidance reflecting statutory changes regarding the use of certain tax-favored arrangements, such as flexible spending arrangements (FSAs), to pay for over-the-counter medicines and drugs.
Virginia CPAs offer tips on preparing financially for disaster
Peak hurricane season for Virginia and the Mid-Atlantic States has arrived. While it’s unsettling to think a natural disaster could affect you, emergencies can and do occur.
Profile of a fraudster: Does your company have one?
A fraud suspect might not be easy to pick out of a crowd -- or from a rap sheet.
The average fraud perpetrator has no prior fraud charges or convictions, according to new research by the Association of Certified Fraud Examiners (ACFE), provider of anti-fraud training and education. The offender is commonly between the age of 31-45, and somewhat more likely to be male than female.
IRS can spell tax relief for disaster victims
"I'm from the government and I'm here to help you" may be regarded by some to be the most terrifying words in the English language, but not so when you are dealing with a disaster. Once the federal government has declared your location to be a major disaster zone, there are plenty of assistance programs--but to qualify for federal loans and grants, you must have filed a return for the most recently completed tax year. That can be a big problem if you lost important records when the disaster struck that are necessary to complete your return.
Beta Alpha Psi student and faculty volunteers clean up San Jose Guadalupe River
More than 900 members of Beta Alpha Psi (BAP), the professional honors organization for financial information students and professionals, supported by 50 employees from KPMG LLP, the audit, tax and advisory firm, descended on the Guadalupe River trail last month to undertake a massive clean-up effort, sponsored by KPMG and the KPMG Foundation.
2010 AccountingWEB accounting student scholarship winners announced
AccountingWEB is pleased to announce that three winners have been chosen as the 2010 AccountingWEB Accounting Student Scholarship winners.
Entrants were required to write a 500-word essay on the topic of "The Role of Accountants in Social Media." Essays were judged in a variety of areas including creativity, innovation, quality of writing, structure, logic, and sources/research. All three essays will appear on AccountingWEB.com later this month.
This year's winners are:
AICPA contracts NACVA to develop course for CPA forensic credential exam
The American Institute of Certified Public Accountants has engaged the National Association of Certified Valuation Analysts to develop a course to help CPAs prepare for the qualifying exam for the Certified in Financial Forensics (CFF) credential.
Afternoon not so delightful for many workers
If you're constantly battling the afternoon slowdown at work, take heart because you're not alone. A recent survey of senior managers confirms the late afternoon is the most common time for workers to hit the proverbial wall.
