AAA-CPA Fall Meeting & Education Conference Registration Open
Continue the celebration of our 50 years at the AAA-CPA Fall Meeting & Education Conference Nov. 5-8 in Washington, D.C.
- Earn 16 hours of CPE/CLE/MCLE/CE on a 50-minute hour or 13 hours of CPE/CLE/MCLE/CE on a 60-minute hour, including one hour of accounting and auditing and one hour of ethics (official ethics and accounting and auditing pending).
- Attend a special symposium at the U.S. tax court.
- Hear from nationally recognized speaker Sidney Kess, LLM, CPA, on new planning opportunities for attorney-CPAs during a luncheon sponsored by BNY Mellon.
Sofitel Washington DC Lafayette Square
806 15th St. NW,
Washington, D.C. 20005
Click here to learn more about the hotel.
Stay at the hotel using the AAA-CPA discount. Make your hotel room reservation by calling 202-730-8800.
Click here for more details about the conference.
Call for Nominations — Chapter Leaders
Interested in becoming more active on the local level? The AAA-CPA is currently seeking nominations for chapter leaders for the following areas. Chapter leaders work directly with the AAA-CPA chapter relations director to schedule and conduct chapter meetings, serve as a state representative to the board of directors, participate in chapter and regional development meetings via teleconference and assist in membership recruitment and retention efforts. We look to our chapters to have at least quarterly meetings. Our members appreciate the networking on a local level. We look forward to hearing from those who are interested.
Please email Kimmy Livingston at email@example.com with your nomination by Sept. 3. Positions will begin Oct. 1.
- New York
- Northern California
- Southern California
S Corporations Quarterly Update Study Group — Sept. 4
AAA-CPA former President Sydney S. Traum, Esq., CPA, will be presenting his S Corporation Quarterly Update Sept. 4 at 2 p.m. EDT. This program will be a round table discussion of recent developments involving S corporations and will present recent cases, rulings, regulations and legislative developments. Participants will discuss their ideas and questions about the materials presented and related issues. Click here to register for this study group. Members may listen for free or pay $15 to receive one education credit.
Stanford's Taylor: US Rate Rise Will Help Emerging Markets
The phasing out of the U.S. Federal Reserve's monetary stimulus will help emerging markets by ridding them of a source of turbulence, according to Stanford University professor John Taylor.
"If it's done in a clear, predictable way, it's going to be positive," Taylor said in an interview in Cartagena, Colombia. "Emerging markets have been buffeted back and forth by this policy. They were absorbing all of these capital flows, and they had to adjust their monetary policy."
The Quest for US Tax Reform: Fact or Fiction
The perpetual drumbeat for tax reform continues to echo around Capitol Hill.
On Aug. 5, Sens. Richard Durbin, D-Illinois, Elizabeth Warren, D-Massachusetts and Jack Reed, D-Rhode Island, urged President Barack Obama to take independent action to stop the tax-avoidance practice commonly known as corporate inversions. Their plea was made to the deserted corridors of the Capitol, as Congress has left Washington, D.C., for its August recess.
Top Tax Expert: Companies Moving Abroad to Please Shareholders
The Washington Examiner
Companies aren't fleeing the United States because of a lack of tax competitiveness, a top tax expert says. They're leaving to use the trillions of dollars in cash they hold abroad to boost their stock prices.
That argument by Ed Kleinbard, former chief of staff of the Joint Committee on Taxation, bolsters the case for Congress to move quickly on legislation favored by the White House and Democrats to stop so-called corporate "inversions," in which a U.S. company buys a firm in a low-tax country and then makes that country the new parent company's headquarters.
How Much Would an Individual Tax Rate Cut Add to the Deficit, and Who Would Benefit?
Reducing tax rates is a guiding principal of most tax reform plans. Even Democrats who see reform partly as a tool to boost revenues agree that some money generated by eliminating tax preferences ought to go to rate reduction. But how much does the Department of the Treasury lose when Congress reduces individual tax rates, and which taxpayers benefit the most from the cuts?
Investing in Tax Inversions: What's the Next Target?
Even as President Barack Obama labels them "unpatriotic," companies are rushing to take advantage of a loophole that lets them significantly lower their tax bill. The maneuver, called a tax inversion, allows firms to buy a foreign competitor, relocate their headquarters to that jurisdiction and sidestep the 35 percent top federal corporate tax rate in the United States, the highest of any industrialized nation.
Expert Debunks Claim US Corporate Taxes Are Too High
The 35 percent statutory U.S. corporate tax rate is the highest in the world. But according to a paper published by University of Southern California law professor Edward Kleinbard, many companies don't pay anywhere near that much due to the plethora of loopholes in the tax code.
Missed last week's issue? See which articles your colleagues read most.
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