Business and Industry Section
New regulations, laws and compliance requirements mean that CPAs are playing a larger and more complex role in business decision making, ethics and corporate behavior. Many CFOs, controllers and financial managers are broadening their skill base with the help of OSCPA’s Business & Industry Section. Weekly section newsletters keep members abreast of the economic recession, current governmental reforms, legislative and regulatory updates, fraud and much more.
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Sep 16, 2011
This year’s slump in new home sales, which is shaping up to be the worst on record, is pushing the key home-building industry into its fifth year of decline and keeping the U.S. economy from a rebound.
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Sep 01, 2011
A new document from the Treasury Department may be the catalyst that changes the way small business is defined, and it’s causing some consternation among small business owners who fear higher taxes may follow.
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Sep 01, 2011
An annual poll by Financial Executives International (FEI) delved into companies risk management practices for the first time.
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Sep 01, 2011
The House Judiciary Committee has approved the Business Activity Tax Simplification Act (BATSA) on a bipartisan voice vote. The bill, H.R. 1439, would establish that businesses could only be subject to corporate income tax and business activity taxes in states where they have property and employees for at least 15 days in a year. The measure now moves to the full House of Representatives.
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Sep 01, 2011
Preliminary results of a CPA Trendlines survey found that marketing and business development are among top priorities for accounting firms.
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Sep 01, 2011
A tax code loophole that gives corporations large deductions on executive stock options would be closed under legislation unveiled last week. Democratic Senator Carl Levin offered the measure, calling it a promising revenue-raiser that would discontinue "a taxpayer subsidy for the pay of corporate executives."
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Sep 01, 2011
New rulemaking proposals by both the Department of Labor (DOL) and National Labor Relations Board (NLRB) will make it easier for unions to organize and making it more difficult for employers to educate employees. The proposals come at a time when union membership is at an all time low and prior to the 2012 elections when Democrats are looking to shore up the union vote.
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Sep 01, 2011
The combined sales and use tax rate in the U.S. continues to add to record levels, according to a new report. At 2011’s midpoint, the Six Month 2011 Sales Tax Rate Report, issued by Vertex Inc., shows the average combined rate at 9.63%, compared to 9.61% for the full year 2010. The mid-year average, which includes U.S. state, county, local and special purpose tax districts, marks a new record and is the highest level since Vertex began tracking the data in 1982.
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Sep 01, 2011
The IRS announced that interest rates will decrease in the fourth quarter for tax underpayments and overpayments by a full percentage point.
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