California CPA articles from December 2007

California CPA archives from December 2007

Essential Tax Guides available.(CalCPA News)
December 1, 2007... The 2008 U.S. Master Tax Guide and 2008 Guidebook to California Taxes are available from the CalCPA Education Foundation--at a substantial discount for members. Order your copy at www.educationfoundation.org.

Free classifieds resume service for students.(CalCPA News)(certified public accountants)(Brief article)
December 1, 2007... California accounting and business students can enhance their career prospects thanks to free resume postings at www.calcpa.org. To be eligible for the service, accounting or business students must be CalCPA members. Student memberships cost...

IRS, FTB liaison meeting Q & As available.(CalCPA News)
December 1, 2007... Print versions of CalCPA's Committee on Taxation's 2007 liaison meeting Q & As with the IRS and FTB are available. Send your request by Feb. 29, along with a $10 check payable to CalCPA, to: CalCPA; ATTN: Frances Flennoy; 1201 K St., Suite...

Tax Boot Camp.(CalCPA News)
December 1, 2007... Tax Boot Camp, co-sponsored by the University of San Diego Accountancy Institute and CalCPA's San Diego Chapter, provides concentrated tax preparation experience for new CPAs and is designed to prepare new CPA firm staff members for tax season...

Foundation seeks nominations.(Education Foundation News)
December 1, 2007... The California CPA Education Foundation's Nominating Committee is accepting candidates for leadership positions, including board of trustee and officer positions. Review qualification information and download an application at...

FASB delays FIN 48 effective date for private companies.(FASB News)
December 1, 2007... FASB has voted to defer the effective date of FIN 48 for all non-public entities to periods beginning after Dec. 15, 2007, and instructed staff to develop an FASB Staff Position, which will have a 30-day comment period once it is released. ...

New LLC fee calculations.(Legislative News)(limited liability companies)(Brief article)
December 1, 2007... AB 198, signed into law Oct. 11, takes effect immediately and changes the fee calculation for all limited liability companies doing business within and outside of California for taxable years beginning on or after Jan. 1, 2007. AB 198...

Issues identified in audit firm inspections.(PCAOB News)(Brief article)
December 1, 2007... A PCAOB report on issues identified in the 2004-06 inspections of U.S. firms that audited 100 or fewer public companies includes observations in 11 areas where auditing or quality-control deficiencies were observed: revenue, related-party...

Fire victims get relief.(FTB News)
December 1, 2007... Taxpayers impacted by the wildfires in the federally declared disaster areas--Santa Barbara, Ventura, Los Angeles, San Bernardino, Orange, Riverside and San Diego counties--will be given tax relief. Taxpayers can claim a disaster loss in...

Stressed out.(News & Trends)
December 1, 2007... According to 411 full-time employees surveyed, stress at work affects: general attitude 55.8% relationships with co-workers 39.4% productivity 38% quality of work 35.5%...

Get your Tax Update.(EDUCATION FOUNDATION FOCUS)(Brief article)
December 1, 2007... An in-depth analysis and understanding of the year's important changes and developments in federal and California tax law are yours if you register for Federal and California Tax Update for Businesses and Estates and Federal and California Tax...

CalCPA Service Awards.(NOMINATE YOUR FAVORITE TODAY!)(California. Certified Public Accountants)(Public Service Award and Distinguished Service Award)(Brief article)
December 1, 2007... Each year, CalCPA recognizes those members who go above and beyond the call of duty by awarding the Public Service Award and Distinguished Service Award. The Public Service Award recognizes a member for notable works done outside of the...

In memoriam.(News & Trends)(Donald L. Gursey)(In memoriam)
December 1, 2007... Donald L. Gursey, a longtime CalCPA member and 2000-01 CalCPA president, died Nov. 15 of pancreatic cancer. He was 71. A co-founder of Gursey, Schneider & Co. LLP in Century City, Gursey's contributions to CalCPA and the profession were...

Pecarich earns Dixon award.(AICPA TAX DIVISION)
December 1, 2007... CalCPA member Pamela J. Pecarich is this year's recipient of the Arthur J. Dixon Memorial Award, the highest award given by the accounting profession in the area of taxation. The award is given by the Tax Division of the AICPA. Among the...

Betty T. Yee.(News & Trends)
December 1, 2007... "If taxes are due at the end of this month, but taxpayers are unable to file due to the disaster, we can help them file an extension." --BOE Chairwoman Betty T. Yee

Healthy outlook.(News & Trends)
December 1, 2007... Of 600 employers surveyed, 39 percent said improving employee health is a core business value.--Mercer

Hard to escape.(News & Trends)
December 1, 2007... Four out of five companies have suffered from corporate fraud in the past three years.--Kroll

The no-plan plan.(News & Trends)
December 1, 2007... 70% of Americans have not made any plans for their own, a spouse's or another relative's long-term care needs.--Genworth Financial

Announcements.(membermilestones)
December 1, 2007... Good Swartz Brown & Berns LLP admitted Maier Rosenberg, CPA to partnership... Ann E. Wilson has joined the new San Diego office of Grant Thornton LLP and will serve as director of forensic accounting and investigative services... Marlen C....

Accomplishments.(membermilestones)
December 1, 2007... Michael Franzen, CPA was recently named to the Pacific Coast Business Times' 2007 "40 under 40" list... Robert Putrus, of The Roberts Company, LLC, was awarded the designation of CFE.

Firm news.(membermilestones)
December 1, 2007... Torrance based Piazza, Donnelly, & Marlette LLP celebrates its 10th anniversary in January... Kellogg & Andelson Accountancy Corporation will acquire Wien, Sales & Vizvary... Inside Public Accounting's "Best of the Best" named Gumbiner Savett...

Members in the news.(membermilestones)
December 1, 2007... In the September issue of Paperless, Bonnie Nagayama commented about new software add-ons... Romona Farrell was quoted in the Sept. 1 CPA Expert regarding how to select of a forensic accountant... Mark Goodburn remarked on the comeback of...

Private lessons: public company experiences with FIN 48 provide map for private companies.
December 1, 2007... With their public company colleagues having already danced with FIN 48, it's time for private companies to consider addressing the rules for the first time. Though FASB's Nov. 7 proposal to defer FIN 48's application for one year, until periods...

Late elections relief: new rules further streamline elections process.(federaltax)(Internal Revenue Service)
December 1, 2007... For tax years ending after Dec. 30, 2007, Rev. Proc. 2007-62 (IRB 2007-41, Oct. 9, 2007) provides another simplified method for taxpayers to request relief for late S corporation elections. This revenue procedure also provides a simplified...

Tax Season Toolkit: everything you need to navigate through the busy season.
December 1, 2007... As the holiday season turns into tax season, bringing the promise of constant, adrenaline-fueled deadlines, CPAs can be excused for turning a sentimental eye to winter. But never fear! CalCPA's annual Tax Season Toolkit is here to help. As...

UAA conformity: mobility, 150 hours, peer review and continuing ed.(governmentrelations)
December 1, 2007... CalCPA has had a long-standing policy of supporting measures that allow CPAs to represent client interests across state lines. Prior to 2006, out-of-state CPAs were allowed to provide temporary and incidental services to California clients...

Taking it public: the CPA's various roles in the IPO process.(PROFESSIONALISSUES)(certified public accountants)(initial public offerings)
December 1, 2007... The allure of taking a company public still brings a twinkle to the eye of a corporate executive, and can include many players in the process, such as: [ILLUSTRATION OMITTED] * CPAs who focus on financial statement compliance. *...

On tap: wage, training issues among employment laws ringing in 2008.(EMPLOYMENTLAW)
December 1, 2007... Perhaps employers are becoming slightly less of a focus in the California Legislature as only 337 of the bills introduced in the 2006-07 legislative session mentioned "employer"--about 10 percent of all bills introduced and half as many as...

Taxing changes: what's different about tax preparer penalties?(TAXPREPARATION)
December 1, 2007... Time will tell if recent amendments to tax preparer penalties will significantly impact how tax services are provided or if things will remain business as usual. [ILLUSTRATION OMITTED] On the one hand, increases in penalty amounts may...

With flying colors: guidelines to help your candidates pass the CPA Exam.(PRACTICEMANAGEMENT)(certified public accountants)
December 1, 2007... How many licensed CPAs are there in your business? Now here's a more difficult question: How many will there be in three years or five years? That number will likely depend in large part on the number of CPA candidates in your business that...

Family ties.(FinalEntry)(Nella Ebert recently was honored at California. Certified Public Accountants)(Interview)
December 1, 2007... Nella Ebert recently was honored at CalCPA's Celebrating Women CPAs event as one of the profession's trailblazers, and while she inspired a room of 300 that day, she has been inspiring others to follow in her footsteps for years--including her...