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Hays Companies and the AAA-CPA, in conjunction with certain underwriters at Lloyds of London, have created an exclusive and unique professional liability insurance policy. The AAA-CPA/Hays Professional Liability Insurance policy covers typical professional services rendered by a licensed attorney-CPA. The policy is especially competitive in states considered higher risk, such as California, Texas, Florida, New York, New Jersey, etc. Please call this toll-free number, 866-270-4297, option 3, for a free consultation and a no-obligation quick quote or click here.
Earn education credit without leaving your home or office! Registration is now open for members and nonmembers for the following study group programs.
- Sept. 10: How Do States Catch You?
Presented by Tram Le, CPA, Esq., LL.M., and
Judy Vorndran, CPA, J.D.
States and local taxing authorities need revenue and are aggressively focusing on collecting taxes. This study group will provide insights on the various ways states catch you. This includes information-sharing agreements with the Internal Revenue Service and intergovernmental agency or interstate agreements. Many states also post active audits and/or delinquent taxpayers on their websites.
- Sept. 17: Charitable Lead Trusts
Presented by James Lynch, Esq., CPA
This program will discuss the mechanics of setting up the entity; the estate/gift tax consequences; income tax consequences; and when to use
- Sept. 24: Successor Liability
Presented by Judy Vorndran, CPA, J.D.
When you buy a business or the assets of a business, you typically inherit all liabilities associated with that business or its assets. This concept is generally known as successor liability, and most states have successor liability laws. This study group will discuss general successor liability issues as well specific state statutes and examples.
Dan O'Connell, who has been a AAA-CPA member since 1991, has been named the 2015 Minneapolis Area Family Law "Lawyer of the Year" and the 2016 Minneapolis Area Family Law Mediator "Lawyer of the Year" by Best Lawyers. Best Lawyers chooses only a single lawyer in each metro area for these unique legal honors. O'Connell also represents professionals in ethics and licensing matters and mediates civil cases.
Most illegal immigrants don't file income taxes with the Internal Revenue Service, according to the Federation for American Immigration Reform. Some people hope to see that change, while others aren't so sure.
Here are some of the pros and cons of illegal immigrants filing income tax returns.
Swiss banking secrecy is no longer viable as the U.S. Justice Department closes in on agreements with most of the institutions that may have helped Americans evade taxes, according to the top American diplomat in Switzerland. Negotiations with about one-third of Swiss lenders, known as Category 2 banks, to finalize their nonprosecution agreements are "almost done" and should be completed by the end of this year, Suzi LeVine, U.S. ambassador to Switzerland, said in an interview.
Sen. Dean Heller, R-Nevada, will introduce legislation to repeal Obamacare's so-called Cadillac tax after Congress resumes, National Journal has learned, and the fight to get rid of the tax will begin in the Senate.
For once, Republicans are not alone in calling for a repeal of a piece of the Affordable Care Act. The tax on high-cost health care plans that goes into effect in 2018 is the subject of plenty of chatter within both parties, and dozens of groups off Capitol Hill are lobbying to make sure it stays that way.
|| MISSED AN ISSUE OF THE AAA-CPA WEEKLY UPDATE? VISIT AND SEARCH THE ARCHIVE TODAY.
Last year, the percentage of nonaudit fees dropped below 10 percent of the total fees paid to audit firms for the first time since Sarbanes-Oxley, according to a new report.
The report, from the research firm Audit Analytics, studied the audit and nonaudit fees paid by accelerated filers since 2002.
Grant Thornton's latest semiannual survey of corporate financial officers and other senior financial executives across the United States has found widespread frustration at congressional delays over the package of "tax extenders" that expired at the end of 2014.
The 50-plus expired tax provisions for individuals and businesses have previously been rolled forward annually, but their extension by Congress has been found to be possible only very late in the year.
In its semiannual fiscal update, the Congressional Budget Office projects that federal revenues will remain flat over the next decade, while spending — mostly for health care and Social Security — will rise. The result: Budget deficits, which have been declining in recent years as the economy has grown, will once again start to rise.
Study Group: How Do States Catch You?
Florida State University Student Program
Study Group: Charitable Lead Trusts
New York Chapter Dinner
Issues Impacting Entity Selection
Study Group: Successor Liability
Successor Liability: Should My Client Purchase the Selling Entity or Its Assets?
Study Group: Talking to Your Clients About Sales Tax
Study Group: Charitable Remainder Trusts
NYU Law Student Reception
Study Group: IRS and NYS Tax Collections
2015 Fall Meeting & Education Conference
Determining a Worker's Legal and Tax Classification-Employee Versus Independent Contractor
2015 Tax Update
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