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October 6, 2009 |
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| CPE Transcripts | ||||||||||||||||
Our CPE Department will email annual compliance Transcripts by October 12 to all ASCPA members and non-members who took CPE with us 10/01/2008 thru 09/30/2009.
Please make sure your correct e-mail address is on file with the ASCPA by checking your Member Profile on our website: http://www.ascpa.org/membernet/members/memberupdate.aspx
We also encourage you to make sure mfgarner@ascpa.org and sruss@ascpa.org are included in your "safe-sender" list so you can receive this CPE Credit Summary letter without being categorized as "Spam."
You can also print your CPE Transcript by logging in to our website and going to My CPE Transcript: http://www.ascpa.org/Content/Login.aspx
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Business Privilege Tax Deduction | |||||||||||||||
Proposed Alabama Regulation Strikes Business Privilege Tax Deduction By Christopher R. Grissom and James E. Long, Jr.
URGENT! Alabama’s business privilege tax (“BPT”), which is imposed on every business entity doing business or registered to do business in Alabama, provides for a deduction in computing the taxable base equal to the book value of the taxpayer’s investments in the equity of any other taxpayer that is doing business in Alabama. Ala. Code § 40-14A-23. The deduction is designed to avoid the inherent double taxation that would result if the net worth of both the parent/investor and subsidiary/investee are subject to the same tax. The Alabama Department of Revenue (the “Department”), however, has recently proposed a regulation that would strike this statutory deduction for all tax years beginning after January 1, 2010. Read more>>
Please follow the ADOR link, http://www.revenue.alabama.gov/rulehear.html, to review the list of Administrative Rule Making Hearings, specifically 810-2-8-.08, Subtraction from Net Worth the Investment in the Equity of Any Other Taxpayer Doing Business in Alabama (BPT), and 810-3-24.2-.02, Qualified Investment Partnership.
The ASCPA encourages you to write a letter to Lewis Easterly, Secretary, ADOR, or to be in attendance at the hearings. Mr. Easterly’s address is Alabama Department of Revenue, 50 North Ripley Street, Gordon Persons Building Room 4112, Montgomery, AL 36104. Email address is lewis.easterly@revenue.alabama.gov. Please copy any correspondence to jbirmingham@ascpa.org.
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Accounting Interview Day |
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Accounting Interview Day October 23, 2009 8:30am—5:00pm New Location! ASCPA Office—Montgomery
What exactly is Accounting Interview Day? It is a single-day event bringing together accounting students from smaller college and university programs with recruiters from all kinds of businesses. There will be public accounting firms of all sizes, including some of the Big Four, corporate entities, and state and federal governmental agencies represented. In order to qualify to attend, students must have a graduation date of December 2009 or May 2010 and no job placement. They are hand-picked by the faculty of their school and are highly-qualified. Many times a student will be hired and return in subsequent years as a recruiter, lending credibility to the event.
Visit our website for more information! Interested in interviewing for your firm? Contact Diane Christy for more details at dchristy@ascpa.org
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Dollars and Sense for High Schools |
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2009 Young CPA Classroom Blitz
The Alabama Society of CPAs’ Young CPAs are following up their hugely successful 2008 Going Global classroom blitz campaign with Dollars and Sense, a financial education presentation.
In the current economic environment, the time is ripe to introduce or reinforce the concepts of budgeting, needs versus wants, investing, use of credit, and other financial topics. The Young CPA Board decided to make financial education their priority for this year’s one-day blitz. The program will use the National Endowment for Financial Education (NEFE) materials, the High School Financial Planning Program. The student guides are divided into seven lessons, with interactive activities included. Each student will receive his own workbook and each school will receive 2 comprehensive instructor’s manuals. The date is Friday, November 13, 2009 for the 45-60 minute presentation. Schools may elect to have a single presentation, to have multiple presentations or even to have a large assembly.
We Need Volunteers for the Dollars and Sense Classroom Presentation!
Please visit the Dollars and Sense wiki to see which schools across the state have already signed up. If you're interested in making the presentation on November 13th, just add your name!
You will have a PowerPoint presentation and an outline to assist you in the classroom. We will be conducting two live training sessions at the ASCPA office on October 13 and October 22 from 9:00 - 3:00. We will also have two preparatory conference calls during the weeks of November 2 and 9.
If you'd like more information, please contact Diane Christy, ASCPA Communications Director, or visit our website: www.ascpa.org
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October CPE |
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Cut it close this year on your CPE? It doesn't have to happen again. Roll up your sleeves and get started again for next year.
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ASCPA Key Person Network | |||||||||||||||
Do you have a relationship with any of Alabama's state or national elected officials? WE NEED YOU—for the ASCPA Key Person Network!
Please sign up for our Key Person Network so that we can involve you in our future grassroots efforts.
This group is largely credited with the passage of the ASCPA-backed CPA Mobility legislation during last year's legislative session. Sign up today and help us make a difference.
Don't have an existing relationship with an elected official? If you're interested in getting involved with our grassroots legislative affairs, the Key Person Network is a great way to get started.
Visit our website for more information: http://www.ascpa.org/Content/Membership/KeyPersonNetwork.aspx
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GAAF | |||||||||||||||
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22nd Annual Governmental Accounting & Auditing Forum Navigating in Tough Times December 2nd and 3rd Birmingham Marriott
We have also negotiated a discounted rate of $119 per night for you to stay at the Birmingham Marriott. November 9th is the cutoff for the special rate. Click here for more information
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About the ASCPA
The Alabama Society of Certified Public Accountants [ASCPA] is the statewide, professional membership organization representing over 6,500 Alabama CPAs in public practice, industry, government and education. Eleven chapters, various committees and task force groups made up of CPA volunteers develop programs and address issues to help all members be successful professionals. Visit www.ascpa.org
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© 2009 Alabama Society of CPAs | PO Box 242987 | Montgomery, AL 36124 |