News

IR-2011-33, March 31, 2011 WASHINGTON — The Treasury Department and the Internal Revenue Service (IRS) today announced that Form 8939 is not due on April 18, 2011, and should not be filed with the final Form 1040 of persons who died in 2010. New guidance that announces…

AICPA urges IRS to help safeguard electronic accounting records Posted by AccountingWEB in Tax, Technology, Income Tax on 03/31/2011 - 13:19 In a letter this week, the American Institute of Certified Public Accountants (AICPA) urged the Internal Revenue Service (IRS)…

The Alaska Department of Revenue is allowing the use of the graduated tax rates for personal service corporations. The State has lost several cases on appeals regarding the use of a flat 9.4% tax on personal service corporate income. (Send thanks to Kevin Walsh in…

PCAOB Addresses Emerging Audit Issues In the 2011 Forum on Auditing in the Small Business Environment Washington, D.C., February 28, 2011 – The Public Company Accounting Oversight Board today announced the 2011 schedule for its Forum on Auditing in the Small Business…

John Rodgers John Rodgers, CPA President 2011 Annual Meeting and Alaska Specific Ethics Seminar Plan to attend this year's Annual Meeting on May 12th and 13th at Alyeska Resort. The Alaska Ethics seminar is scheduled for May 12th. Larry Stein has developed an Ethics…

Alert: 'Red Flags' Exemption for Accounting Firms Becomes Law President Obama has signed into law S. 3987, the Red Flag Program Clarification Act of 2010, which exempts accounting firms and other businesses from the Federal Trade Commission's "Red Flags" rules set forth…

It has been some time since I’ve addressed our membership, as things have been fairly quiet; however, I find it necessary to bring something to your attention that is a concern not only to myself but our Board of Directors as well. There is a recent national trend of…