News Archive

For High Earners, FICA Taxes Increase in 2009: Highly-paid wage earners will see a moderate increase in the wage base on which Social Security taxes are due for 2009, according to CCH. The 2009 wage base of $106,800 is $4,800 higher than the 2008 amount, and the maximum additional Social...
IRS Seeks to Return $266 Million in Undeliverable Refunds And Economic Stimulus Payments to Taxpayers: The Internal Revenue Service is looking for taxpayers who are missing more than 279,000 economic stimulus checks totaling about $163 million and more than 104,000 regular refund checks totaling about $103 million that were returned by the U.S....
Research Reveals In-Demand Accounting, Technology, Office-Support Positions: Even in the current economy, certain skill sets remain difficult to find, according to the 2009 Salary Guide from Robert Half International. The recently released guides point to modest overall salary increases for accounting, information...
AICPA’s 'Journal of Accountancy' Introduces New Website with Online Search Tools, Daily News: The Journal of Accountancy , the award-winning monthly magazine of the American Institute of Certified Public Accountants, introduced a redesigned website at the Institute’s annual fall governing Council meeting. The new website...
2009 Inflation Adjustments Widen Tax Brackets and Expand Tax Benefits: For 2009, personal exemptions and standard deductions will rise and tax brackets will widen because of inflation adjustments announced today by the Internal Revenue Service. By law, the dollar amounts for a variety of tax provisions must be...
Hurricane Grant Guidelines Now Available: The Internal Revenue Service today released a notice designed to help eligible homeowners who received federal reimbursement grants stemming from Hurricanes Katrina, Rita or Wilma take advantage of a new tax provision. Notice 2008-95 provides...
Trustees Support IASB's Accelerated Steps on the Credit Crisis: At their meeting in Beijing today, the Trustees of the IASC Foundation announced their unanimous support for the approach that the International Accounting Standards Board (IASB) laid out last Friday to accelerate its response to the credit...
CSCPA Mourns Death of Longtime Member and Friend Bernard 'Bernie' Blum: Blum Shapiro founding partner Bernard "Bernie" Blum passed away on October 8, 2008. A member of the CSCPA for 61 years, Bernie was an integral part of the Society, serving on countless committees in addition to the Board of Governors. He was...
AICPA Thanks Congress for Equalizing Reporting Standards for Taxpayers and Tax Preparers: The American Institute of Certified Public Accountants thanks Congress for passing a new law equalizing the tax return reporting standards for taxpayers and tax preparers. The legislation was part of the financial markets rescue package Congress...
Nearly Half of Retail CFOs Report a Tightening of Credit: The credit squeeze that culminated in the recent major financial meltdown has been impacting U.S. consumers, as well as retail businesses, throughout 2008. According to a new study by BDO Seidman, LLP, nearly half (41 percent) of CFOs at U.S....

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