Below please find daily updates pertaining to the latest in financial, business, and tax news:
FICPA: Top StoriesTax Changes Would Affect Individuals, Businesses
Last month the Obama administration released its proposed budget for fiscal year 2011. Included are many income-tax proposals that, if enacted by Congress this year, will greatly affect both individual and business taxpayers.
Legislature Approves Delay On Tax Increase
Making the most of an election-year opportunity, the Legislature agreed Tuesday to grant nearly a half-million businesses a two-year delay in a massive unemployment-compensation tax increase.
Two-Week Statewide Seat Belt Crackdown Begins Today
Hundreds of law enforcement agencies across Florida are kicking off a "Click it or Ticket'' campaign Monday targeting motorists who drive without wearing seat belts.
Bank CFOs describe how they've weathered the storm, dealt with TARP, and learned many invaluable lessons.
CCH Lists Ten Ways to Reduce Your Taxes Whether You Itemize or Not
RIVERWOODS, Ill., March 1 /PRNewswire/ -- You don't have to itemize to find opportunities for savings on your taxes, according to CCH, a Wolters Kluwer business and a leading provider of tax, accounting and audit information, software and services (CCHGroup.com). But be sure to select your tax form carefully and read the instructions thoroughly. Not every deduction or credit appears on every form. While some deductions and credits have their own lines, others do not. You are required to do some hunting and may have to fill in the blanks to take advantage of them.
10 Things to Watch for In 2010 Legislative Session
As the 2010 session dawns, here are 10 things to watch for:
Signature legislation: A series of agriculture bills, cosponsored class-size amendment and the Florida Firearms Freedom Act, guns made and sold within Florida are not subject to federal regulation
Gov. Crist Prepares His Last State-Of-The-State Address
Florida governors give their state-of-the-state addresses on the opening day of the annual 60-day session of the Legislature.
Election Year Adds Twist to Legislative Session
Gov. Charlie Crist wants tax cuts for businesses and consumers, Senate President Jeff Atwater is making government spending more transparent and Sen. Dave Aronberg wants tighter rules for pain management clinics to help ensure they aren't run as pill mills.
More Trouble On The Horizon for Florida Banks
Community bankers Don Page and Larry Starnes were both breathing easier last week.
FICPA: IRS Tax News
FICPA: AICPA News
Private Company Financial Reporting Panelists Named
The AICPA, the Financial Accounting Foundation (FAF) and the National Association of State Boards of Accountancy (NASBA) on Friday announced the members of the new blue-ribbon panel on U.S. accounting standards for private companies.
Washington, D.C. (February 24, 2010) -- The American Institute of Certified Public Accountants President and CEO Barry Melancon issued the following statement on the Securities and Exchange Commission’s endorsement today of a plan to work toward incorporation of International Financial Reporting Standards (IFRS) in the U.S. financial reporting system:
This memorandum provides background to the proposed Statement on Auditing Standards (SAS) Consideration of Omitted Procedures After the Report Release Date. This proposed SAS would supersede SAS No. 46, Consideration of Omitted Procedures After the Report Date (AICPA, Professional Standards, vol. 1, AU sec. 390). The accompanying proposed SAS represents the redrafting of SAS No. 46 to apply the Auditing Standards Board’s (ASB’s) clarity drafting conventions, as discussed in the following sections.
