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AAA-CPA NEWS


Joseph E. Cordell Installed as AAA-CPA 51st President
AAA-CPA
Joseph E. Cordell was installed as the 51st president of the AAA-CPA. The installation was held July 6 during the association's 50th Anniversary AAA-CPA Annual Meeting in Huntington Beach, California. Cordell succeeds Domenick Lioce of West Palm Beach, Florida. Click here to read the press release.
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Save the Date for the AAA-CPA Fall Meeting & Education Conference!
AAA-CPA
The AAA-CPA Fall Meeting & Education Conference will take place Nov. 5-8 at the Sofitel in Washington, D.C. Featured education courses include the following:
  • Is Orange Really the New Black? White Collar Crimes and Their Impact on Society
  • Putting Flexibility in Estate Planning
  • How to Value a Business Down and Dirty
  • Global High-Wealth Audits
Special events offered at the conference include a swearing in at the Supreme Court; dinner and a private tour of Mount Vernon; and a private tour of the Newseum and International Spy Museum. Be on the lookout for registration to open in the next couple of weeks. Questions may be directed to meetings@attorney-cpa.com.

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New AAA-CPA Member Benefit!
Hays Affinity
Hays Affinity is announcing a new service available to you. Quick Life is a way to protect your family in three easy steps. Simply answer a few questions, compare the best quotes from the top-rated carriers in the nation and select the policy that's right for you.

Hays Affinity knows that quality life insurance is important to you and your family's future. While life insurance is a part of overall financial planning, this product focuses on getting good, quality term life insurance in a timely manner. If your family or business could use some protection, this service allows you to purchase life insurance and get it in force quickly.

Need an extra million of quality term life insurance? Get it. Need to use term life insurance as part of an overall plan? Get it. Contact us to obtain the highest quality term life insurance available in the marketplace in a private, professional and timely manner. Talk to licensed professionals who know the market and can match your needs with the most favorable life insurance carrier. Contact us now for more information at 800-286-QUICK (7842) or visit us at www.aaacpa.haysquicklife.com. Please mention that you are a member of AAA-CPA!

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INDUSTRY NEWS


House Republicans Vote for Business Tax Cut With No Offset
CNN
House Republicans, who fervently pound the podium against the deficit, didn't blink at passing a whopping $287 billion business tax cut measure with no effort to pay for or offset that amount. Republican lawmakers argued the bill helps the economy, but budget-watching organizations outside Congress proclaimed it an irresponsible move.
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IRS to Approve Tax-exempt Status for Most Charities After Scandal
Time
Amid ongoing controversy over its scrutiny of nonprofits, the Internal Revenue Service has decided it will no longer screen approximately 80 percent of the organizations seeking tax-exempt charitable status each year. This change will ease the creation of small charities while doing away with a review intended to counter fraud and prevent political and other noncharitable groups from misusing the tax code.
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More US Firms Chase Mergers That Yield Overseas Address
The Boston Globe
When Flemming Ornskov was named CEO of Shire PLC, he moved his office from the drugmaker's Dublin headquarters to its Lexington, Massachusetts, campus so he could scout for biotechs to buy here. Now Shire itself is a takeover target. It rebuffed a $46 billion bid from pharmaceutical giant AbbVie Inc. of Chicago, but the suitor hasn't given up.
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74 Percent of Americans Worried About Retirement Income
Accounting Today
Three-quarters of Americans are worried about having enough money for retirement, according to a new survey that found 3 out of 10 Americans are not saving for later years. However, 69 percent of the 2,286 adults surveyed by the poll say planning for retirement is a key priority to them.
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30 Years of Companies Abandoning the US for Lower Taxes, in 1 Chart
The Washington Post
The number of U.S. companies reincorporating overseas has shot up considerably in recent decades. Nearly twice as many companies have shifted their corporate tax paying duties abroad since 2003, or almost double the amount that did in the 20 years prior, according to data from the Congressional Research Service.
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Treasury, IRS Modify Code Rules to Expand Access to Retirement Annuities
Bloomberg BNA
The federal government helped broaden the choices for those shopping for income options in retirement by modifying the required minimum distribution rules for various types of plans in newly released final regulations on qualifying longevity annuity contracts. The final rules, issued July 1 by the Department of the Treasury and Internal Revenue Service, modify the required minimum distribution rules to allow for the purchase of deferred annuities that start at an advanced age, such as 80 or 85.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Federal Tax Update — June (By David S. De Jong, Esq., CPA, Stein Sperling)
US Tax Crackdown Driving More Expatriates Living in Canada to Renounce Citizenship (Financial Post)
A Payroll Tax Math Error Adds $5 Billion to the Deficit (Forbes)
Civil and Criminal Tax Controversy Updates for 2014 — Co-sponsored by the AAA-CPA (AAA-CPA)

Don't be left behind. Click here to see what else you missed.
 



The AAA-CPA Weekly Update

Colby Horton, Vice President of Publishing, 469.420.2601
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Katina Smallwood, Content Editor, 469.420.2675   
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