The AAA-CPA Weekly Update
Oct. 31, 2012

New chapter leaders elected
The AAA-CPA welcomes the following new leadership.


We still have a spot saved for you at early-bird pricing — Day package and education-only available
The AAA-CPA Fall Meeting & Education Conference is just around the corner, and we are saving a spot for you. Don't miss out on the many opportunities to network with your peers and be updated on the latest education topics, all while enjoying the setting of the PGA National Resort in Palm Beach Gardens, Fla. Can't come for the entire conference? No problem, daily registration options are available too. Click here for details about the conference and to register today. More

The AAA-CPA could use your help
Are you planning on attending the Heckerling Institute on Estate Planning being held Jan. 14-18 in Orlando, Fla.? If so, we are currently seeking volunteers who are attending to assist us. Please download the sign-up form by clicking here, and place your name in an open time slot. Forms may be faxed to 703-352-8073 or emailed to Time slots are 30 minutes in duration and are during heavy traffic times in the exhibit hall. Final decisions on booth assignments will be made by the AAA-CPA staff, and volunteers will be notified by Jan. 4. We look forward to seeing you in January. More

T-Mobile has lowered pricing on several of their latest devices now through Nov. 13
This includes the Samsung Galaxy SII for free (previously $129.99) and the latest device the Samsung Galaxy SIII for $124.99 (previously $229.99). This offer is on top of all the other discounts AAA-CPA members receive and is not available in stores or online. Click here for more details on this offer. More

Visit your CCH partner page today to see the November books of the month
Receive an additional 10 percent discount — on top of your regular 30 percent association member discount — on select titles in the month of November. This discount is only for association members. From Nov. 1-30, purchase the following titles at 40 percent off.

"Understanding and Managing Sales and Use Tax," Seventh Edition
Regularly: $150
In November: $90

"Taxation of the Entertainment Industry," 2012
Regular price: $150
In November: $90

"1040 Express Answers," 2012
Regular price: $55
In November: $33

"Internal Revenue Code: Income, Estate, Gift, Employment and Excise Taxes," Summer 2012
Regular price: $130
In November: $78 More

Members appear on Florida Bar panel
Domenick R. Lioce, Esq., CPA, president-elect of the AAA-CPA, and Michael Leone of Alpern-Rosenthal, both of West Palm Beach, Fla., appeared on a panel discussing Florida Bar trust accounting rules at a seminar sponsored by the General Practice, Solo and Small Firm Section of the Florida Bar. The panel was held on Oct. 18 in Orlando, Fla.

Karen Tenenbaum featured in news article
Karen Tenenbaum, tax attorney, and her cartoon character Walter the Vault were recently featured in Long Island Business News in an article on financial literacy for children. View the full article here.More

IRS delays key start dates for global tax evasion law
Tax authorities have postponed implementation of new rules to force banks and financial institutions to disclose more information about U.S. clients' offshore accounts. The Foreign Account Tax Compliance Act has been a source of anxiety for institutions that must comply with it or face penalties, including possible exclusion from U.S. markets. More

Small business OK with top tax rate rising
United Press International
If you strip away the campaign rhetoric, you'll find that small business owners favor allowing the tax rate cuts for the wealthiest taxpayers to expire to help pay down the U.S. debt. A poll indicated the majority of small business owners think raising taxes on the top 2 percent of taxpayers is the right thing to do, and government can play a role in helping small businesses thrive. More

Report: Fiscal cliff already hampering US economy
The Washington Post
The fiscal cliff is still two months off, but the scheduled blast of tax hikes and spending cuts is already reverberating through the U.S. economy, hampering growth and, according to a new study, wiping out nearly 1 million jobs this year alone. The report predicts that the economic damage would deepen considerably if Congress fails to avert the cliff, destroying nearly 6 million jobs through 2014 and sending the unemployment rate soaring to near 12 percent. More

States with the highest and lowest taxes
24/7 Wall St. via USA Today
During the 2010 tax season, Americans paid 9.9 percent of their income on state and local taxes. This number, according to a report by The Tax Foundation, is up from 9.3 percent in 2000, but is basically unchanged from 2009. Per-capita income in the U.S. fell from $42,539 in 2009 to $41,146 in 2010, while taxes fell slightly, from $4,160 in 2009 to $4,112 in 2010. More

Group of major CEOs urges tax hikes, spending cuts
The Associated Press via The Huffington Post
CEOs from more than 80 major U.S. companies are pressing Congress to reduce the federal deficit by raising taxes and cutting spending. The deficit and how to tame it has become a key theme in the presidential campaign. They warned in a statement that the uncertainty spawned by the deficit, which has topped $1 trillion for four consecutive years, is dampening businesses' hiring and investment and stifling the fragile economic recovery.More

Campaigns pave the way for tax reform
The Wall Street Journal
Like so many presidential campaigns, this one is criticized for confusing voters more than elucidating issues, for turning more on trivia and debate zingers than on competing policies. Yet is it possible that this campaign has softened the ground for one of those overhauls of the federal tax code that comes along every 25 years or so? More