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Don't miss the boat — Book your cruise now for the 2013 AAA-CPA Annual Meeting & Education Conference
Last chance for booking the cruise is this week. We want to see you there. Reserve your cabin today. Contact Aimee at Cadence Travel at 1-877-551-4646 or email@example.com to book now. We have special rates reserved for you, and Aimee will help you get the best deal our group can offer. The deadline is May 1 for the discounted cabins, so act today.
Click here for full details about the conference and to register today.
Enjoy complimentary access to our May 15 webinar and join “the father of the Life Planning movement,” George Kinder, CFP®, on Wednesday, May 15 at 12:00 p.m., E.T. for this intriguing webcast. If you learn one thing that will change the course of how you engage with clients, it will pay for itself over and over.
UPS 3-Point Play sweepstakes
UPS is running a Small Business 3-Point Play sweepstakes. You can win a trip for four to the 2014 NCAA Men's Final Four with VIP treatment. The more you ship, the more chances you'll have to win. The trip includes airfare, hotel and tickets for four, plus $750 in spending money. AAA-CPA members can sign up for a UPS account by clicking here.
AAA-CPA members — Visit your CCH Partner Page today
As an association member, you can enjoy these monthly discounts.
Receive an additional 10 percent discount — on top of your regular 30 percent association member discount — on select titles in the months of April, May and June.
This discount is only for association members.
- Up to 30 percent on CCH titles
- An additional 10 percent discount on selected Books of the Month
April Book of the Month
From April 1-30, purchase the following title at 40 percent off:
"U.S. Master Sales and Use Tax Guide" (2013)
In April: $77.97
May Book of the Month
From May 1-31, purchase the following title at 40 percent off:
"GAAP Guide" (2013)
Regular price: $364
In May: $218.40
June Books of the Month
From June 1-30, purchase the following titles at 40 percent off:
"Sales and Use Tax Answer Book" (2013)
Regular price: $325.50
In June: $195.30
"GAAP Financial Statement Disclosures Manual," with CD (2012-2013)
Regular price: $275
In June: $165
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New on-site IT services offering for members
The AAA-CPA is always looking for ways to improve our member benefits, and in doing so, we have recently partnered with ProServiceIT, a nationwide on-site information technology services provider.
ProServiceIT is currently offering hugely discounted on-site service agreements for your entire office IT infrastructure. Agreements include help desk support, on-site technicians and overnight parts replacement for your entire office. It's never been easier to ensure all the equipment in your office is covered under a single umbrella policy at an average discounted price of 40 percent off the original manufacturer's pricing.
This discount is only for AAA-CPA members. For more information, please click here.
Budget proposals and the tax system
By Annette Nellen, Esq., CPA, via CPA2Biz
In March, both the House and Senate budget committees released their budget resolutions as required by the Congressional Budget Act of 1974. Among the ideas and goals included in these lengthy reports are ones dealing with tax reform. While there is still a bumpy road to travel to reach any consensus on the budget and tax changes, a review of both reports sheds light on the tax reform perspectives and goals of the House Republicans and Senate Democrats.
Gallup poll: Americans want to tax the rich and spread the wealth
Fox News Latino
The majority of Americans support heavy taxes on the rich and want wealth to be more evenly distributed, a Gallop poll revealed.
About 59 percent of Americans believe money and wealth in the United States should be more evenly distributed among a larger percentage of people, according to the Gallup poll. The poll results are not a surprise.
Report: US loses $180 billion to corporate tax breaks
The annual cost of corporate tax breaks, including one that eases shifting profits offshore and out of the U.S. taxman's reach, has more than doubled to $180 billion since 1987, according to a recent report.
Corporate tax deferral, the potential indefinite postponement of U.S. taxes on profits held offshore, makes up nearly a quarter of that sum, according to a Government Accountability Office report released on April 15, which is the deadline for individuals to file their tax returns.
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Strangest taxes in America
Travel+Leisure via Yahoo News
Although taxes are one of life's certainties, they can still surprise you.
Consider the iconic New York bagel: decide to have yours toasted, and it'll come with a tax. The rationale is that sliced bagels are usually consumed on a cafe's or store's premises — and restaurant meals are taxed, whereas groceries (like a dozen unsliced bagels) are not.
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Financial industry tells Senate to slow work on online sales tax bill
A leading Wall Street group believes Congress is moving too quickly with its consideration of an online sales tax bill, which could allow states to begin taxing stock trades.
The Securities Industry and Financial Markets Association warned that Congress has not "adequately explored" the Marketplace Fairness Act, which is set to receive a floor vote.
Federal tax collections to hit record highs
The Washington Times
There's some fine print in President Barack Obama's budget plan, and taxpayers beware: Collections are going to break records in the coming years.
The Washington Examiner reported that the Department of Treasury projected business and individual collections at $2.71 trillion for this year — higher than the previous high $2.5 trillion collected in 2007.
Federal tax update — March
By David S. De Jong, Esq., CPA, Stein Sperling Bennett De Jong Driscoll PC
Click here to read the federal tax update for March.
Restyled as real estate trusts, varied businesses avoid taxes
The New York Times
A small but growing number of American corporations, operating in businesses as diverse as private prisons, billboards and casinos, are making an aggressive move to reduce — or even eliminate — their federal tax bills. They are declaring that they are not ordinary corporations at all. Instead, they say, they are something else: special trusts that are typically exempt from paying federal taxes.
Senators introduce bill to expand use of S ESOPs to encourage greater retirement savings
A pair of senators have introduced bipartisan legislation aimed at expanding the use of S corporation employee stock ownership plans to encourage more Americans to save for retirement. The bill, introduced by Sen. Ben Cardin, D-Md., a member of the Senate Finance Committee, along with Sen. Pat Roberts, R-Kan., aims to help more Americans gain retirement savings and security through private employee ownership.
It's time we learned what members of Congress pay in taxes
President Barack Obama and Michelle Obama released their most recent tax return for the entire world to see. They continued a longstanding tradition of sitting presidents releasing their returns, even though no law requires that they do so. The tradition began under the late President Richard Nixon.
Missed last week's issue? See which articles your colleagues read most.
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