Alabama Society of CPAs

LATEST NEWS

Democrats Seek to Legislate Retirement Savings: accountingweb—Sept 1, 2010—The Automatic IRA Act of 2010 has been introduced in the Senate by Sen. Jeff Bingaman (D-NM) and in the House by Rep. Richard Neal (D-MA). The bill establishes IRA accounts for all employees and sets up automatic...
Fiduciary-Standard Push Might Actually Hurt Financial Advisers: Barrons—Sept 1—Independent financial advisers have long advocated that the investment-advice industry should be held to a uniform fiduciary standard. However, with regulators moving toward such a standard, advisers might regret pushing the issue...
IRS Seeks New Issues for the Industry Issue Resolution Program: WASHINGTON—Aug 30, 2010—The IRS is encouraging business taxpayers, associations and other interested parties to submit to the Industry Issue Resolution (IIR) program tax issues for resolution involving a controversy, a dispute or an unnecessary...
Maximizing the Section 199 Deduction: journalofaccountancy—Aug 30, 2010—Starting this year, the domestic manufacturing deduction increases to 9% of income from eligible activities. Every business in the manufacturing sector, whether small or large, should consider the manufacturing...
Guidance on Reverse Mortgages Addresses Consumer Protections, Legal Requirements: journalofaccountancy—Aug 27, 2010—CPAs who may consider reverse mortgages as part of a personal financial planning strategy for aging clients or who work for lenders should note final guidance adopted by the major financial regulators. The...
Lawmakers: IRS Plan to Monitor Tax Preparers Goes Too Far, Too Fast: The Wall Street Journal—Aug 27, 2010—The Internal Revenue Service's proposal to require all tax preparers to register for a "preparer tax identification number" is a laudable effort to protect consumers from the mistakes of ill-trained workers,...
AICPA Asks FASB to Wait On Loss Disclosures Proposal: journalofaccountancy—Aug 26, 2010—The AICPA’s Financial Reporting Executive Committee (FinREC) told FASB in a comment letter issued Monday that it has concerns about auditors’ ability to corroborate information on loss contingencies with the...
ADOR Public Hearing Notice: MONTGOMERY, AL—Aug 25, 2010—September 15 and September 16 rule hearings.

UPCOMING CPE EVENTS

Revenue and Cash Receipts: Common Frauds and Internal Controls (148-10) - 9/9/2010 - Montgomery: Revenue and cash receipts are two critical areas that require strong controls to prevent intentional fraud or unintentional misstatements. While there is well publicized fraud in...
Tax Consequences and Reporting Issues of LLCs, LLPs, LPs and Other Partnerships (147-10) - 9/9/2010 - Montgomery: Is LLC and partnership taxation something new to you? Perhaps you have worked in this area for years but need a quick review of the fundamental concepts? If the answer is yes,...
Financial Fraud, Forensics and the CPA (146-10) - 9/9/2010 - Montgomery: SAS 99 and the Sarbanes-Oxley Act are now part of everyday life for both financial managers and auditors in small and large companies alike. Efforts to grasp and manage the risks of...
Buying and Selling Businesses: The CPA's Role (145-10) - 9/9/2010 - Mobile: Become the key advisor to your client or employer that is buying or selling a business. Your advice will impact your client for years to come! Lead the team of advisors with a...
Excel Functions, Macros and Data Commands (144-10) - 9/9/2010 - Mobile: This intermediate to advanced Excel course focuses on the three most important areas of Excel - Functions, Macros and Data Commands. Participants will receive a complete list and...
Handbook for Mastering Basis, Distributions, and Loss Limitation Issues (143-10) - 9/9/2010 - Madison: The most difficult concepts to master when dealing with flow-through business entities are the basis and distribution concepts. Major error and malpractice issues occur if the CPA...

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UPCOMING CPE EVENTS