California CPA articles from July 2008

California CPA archives from July 2008

U.S. economy faces from energy prices.(news & trends)
July 1, 2008... "Today's [June 6] jobs data reflect the slow growth of the past two quarters and the headwinds the U.S. economy faces from energy prices, the housing correction, and credit market strains." --U.S. Dept. of the Treasury Assistant Secretary...

Hiring & firing.(news & trends)
July 1, 2008... Executives interviewed recently for the Robert Half International Financial Hiring Index said that, for the most part, staff levels in their accounting and finance departments will remain unchanged in the third quarter. [ILLUSTRATION...

Help is on its way: you have your audience's full attention.(news & trends)
July 1, 2008... Post your job now at www.calcpa.org/classifieds. Posting is fast and easy--and members always receive preferred pricing. [ILLUSTRATION OMITTED] Want to know more? Contact Cynthia Fabianski at cynthia.fabianski@calcpa.org or (650)...

The numbers.(Brief article)
July 1, 2008... 53 Percent of U.S. employees that work for small organizations (50-99 employees nationwide) --2008 National Study of Employees 45 Number of countries that recently attended the PCAOB's International Auditor Regulatory Institute event...

Camico news: 3 steps to help prepare your firm for the next economic downturn.(Brief article)
July 1, 2008... When the economy goes down, claims tend to go up. Being prepared for an economic downturn will help protect your firm in the future, and CAMICO has developed a report with three steps to help prepare your firm for such a scenario. To request...

Guidance on Monitoring Internal Control.(news & trends)
July 1, 2008... The Committee of Sponsoring Organizations of the Treadway Commission has released its exposure draft document: Guidance on Monitoring Internal Control Systems. Developed by COSO and led by a Grant Thornton LLP team, the guidance is designed to...

Forensics credential for CPAs.(news & trends)
July 1, 2008... The AICPA will create a new credential, Certified in Financial Forensics, which will encompass: bankruptcy and insolvency, computer forensics, economic damages, family law, fraud investigations Litigation support, stakeholder disputes and...

Fourth quarter estimated tax payment made by EFTPS.(IRS ALERT)(Electronic Federal Tax Payment System)(Brief article)
July 1, 2008... When making quarterly estimated tax payments by Electronic Federal Tax Payment System in calendar year 2008, the year defaults to 2008. If the payment is intended for tax year 2007, the correct year must be selected from the drop-down menu. If...

Announcements.(membermilestones)
July 1, 2008... David J.Merlo, CPA has been named a principal at Glenn, Burdette, Phillips & Bryson... Gertrude Lamden donated a $10 million gift to San Diego State University to name the university's school of accountancy the Charles W. Lamden School of...

Accomplishments.(membermilestones)(Brief article)
July 1, 2008... Jon Gologorsky and Susan Biglieri both won awards in the non-public companies category for the San Francisco Business Times/ Larkin Street CFO of the Year Awards... teamCFO received one of three nationwide Asian Business Leadership Awards at...

Firm news.(membermilestones)
July 1, 2008... Gatto, Pope & Walwick LLP is celebrating its 25th anniversary this month... Concordbased Robert Anderson, CPA, retired from practice in December after 29 years and sold his practice to Janet Silverman, CPA... Macias Gini & O'Connell LLP has...

Members in the news.(membermilestones)
July 1, 2008... Robert Tormey, CPA was quoted in the June issue of CFO Magazine... Stuart Bolinger and Zachary Sahar, CPA had their article on small business published in the May issue of the Contra Costa Council.News... The summer issue of the accounting...

Leader of the pack; CalCPA's new chair is driving change.
July 1, 2008... CalCPA's 2008-09 Chair Greg Burke likes to get up close and personal with the world around him. For the past 24 years, he's worked at John Waddell & Co. CPAs, where they emphasize one-on-one contact with the business owners they serve. During...

Examining XBRL: new technology to modernize how corporate America reports to investors.(techissues)(Extensible Business Reporting Language)
July 1, 2008... there's a new technology standard making headlines today that you need to be aware of. Extensible Business Reporting Language (XBRL) is gaining a strong following among regulators, investors and analysts. This standard was designed to achieve...

Home at last: FAS 162 and the GAAP hierarchy.(regulatory news)
July 1, 2008... up until now, the GAAP hierarchy resided in the auditing standards. A decade and a half after the issuance of Statement on Auditing Standards No. 69, The Meaning of Present Fairly in Conformity with Generally Accepted Accounting principles (SAS...

A CPA's softer side: training supervisors in your firm.(practicemgmt)(Certified Public Accountant)
July 1, 2008... Whether in public practice, education, government, industry or somewhere in between, a key indicator of your success will be your ability to work with a wide variety of people. As a result, more and more CPA firms are investing in the "soft...

Let's talk taxes: back taxes, 83(b) Elections and divorce.(CATax)
July 1, 2008... It is possible to specify how payments to the Employment Development Department for back taxes will be directed. [ILLUSTRATION OMITTED] The situation that helped to clarify this involved a taxpayer who owed back EDD taxes, penalties...

CalCPA salutes its Top 50 Firms.(calcpanews)(Company rankings)
July 1, 2008... As the nation's largest statewide CPA society, CalCPA is nearly 33,000 members strong, and each member is important. Here, we salute the dedication and commitment to the profession of CalCPA's Top 50 Firms (in terms of members). RANK...

A marked impact: 300 CPAs connect with legislators on critical issues.(CapitolBeat)
July 1, 2008... Three hundred CPAs came to Sacramento May 13 to meet with legislators and talk about the need for national uniformity in regulation of the CPA profession. Specifically, the CPAs were in Sacramento to talk about AB 2473 (Niello, Ma), the...

Upcoming events.(Brief article)(Calendar)
July 1, 2008... July 24: Universal City July 25: San Francisco Jeffrey Rattiner's Certified Financial Planner and Personal Financial Planner Events [ILLUSTRATION OMITTED] A Guide to Developing and Nurturing a Personal Financial Planning...

Financial literacy volunteers: we salute your efforts to give back!(thanks)(List)
July 1, 2008... Over the course of the past year, several CalCPA members have devoted their time, energy and expertise to give back to their communities. Whether it is presenting a lesson on financial literacy to a high school class, speaking to a group about...

Mr. Weatherford: goes to Sacramento.(finalentry)(Interview)
July 1, 2008... More than 300 CPAs descended on Sacramento in May armed with compelling arguments regarding mobility and other important issues for California CPAs--for CalCPA's CPA Day at the Capitol, and William B. Weatherford, a CPA candidate with...