 |
September 22, 2009 |
 |
 |
 |
 |
||||||||||||||||||||||||||||
 |
Business Privilege Tax Deduction | |||||||||||||||||||||||||||
Proposed Alabama Regulation Strikes Business Privilege Tax Deduction By Christopher R. Grissom and James E. Long, Jr.
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. Comments are due by October 5th. Please copy any correspondence to jbirmingham@ascpa.org.
| ||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
 |
CPE Transcripts | |||||||||||||||||||||||||||
Our CPE Department will email annual CPE 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."
We thank you for your support of our CPE programs.
|
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
 |
Dollars and Sense Presentation |
|||||||||||||||||||||||||||
|
We Need Volunteers for the Dollars and Sense Classroom Presentation! November 13, 2009
After the massively successful Going Global student-outreach campaign last year, the ASCPA's Young CPA Board has elected to go back into the schools again this year with a financial education message.
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, 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.
|
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
 |
Need A&A CPE Credit? |
|||||||||||||||||||||||||||
|
Here's a list of the A&A that we are offering before September 30th.
For our full course listing, visit our Course Catalog:
|
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
 |
Back-to-School Tax Breaks |
|||||||||||||||||||||||||||
|
Special IRS Web Section Highlights Back-to-School Tax Breaks;
In support of the Administration’s efforts to promote access and affordability of college education, the Internal Revenue Service today launched a new Web section highlighting various tax breaks and 529 plan changes designed to help parents and students pay for college.
|
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
 |
Accounting Interview Day |
|||||||||||||||||||||||||||
|
Save-the-Date: Accounting Interview Day
October 23, 2009 8:30am—5:00pm New Location! ASCPA Office—Montgomery
Visit our website for more information!
|
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
 |
ASCPA Self-Study, Webinars and Webcasts |
|||||||||||||||||||||||||||
|
ASCPA Self-Study We offer you the convenience of CPE credits whenever and wherever you want. Purchase the CPE Buffet for $125 and earn 32 hours of A&A credit. The buffet expires one year from the date of purchase, which means it could be used for two CPE seasons. Take the classes at your leisure and get back to doing the other things on your to-do list. Click here for more details. >>
ACPEN If you have limited time or can’t get away from the office, online CPE is a great alternative to the traditional CPE seminar. Just like live seminars, live CPE webcasts last for scheduled periods of time and are led by live instructors. Webcasts include live video and audio of the speakers, slides and handout materials. Check out our upcoming seminars for September and a calendar that includes webcasts thru December 28, 2009. Webcast CPE schedule http://alscpa.acpen.com/
CPA Crossings Our webinars are highly specialized topics that you can attend based on your specific information needs and interests. Most importantly, our webinars are designed to focus in on specialized topics presented by knowledgeable professionals. The nature of our webinar model allows us to bring you up to speed on rapidly emerging topics in a timely manner, such as our new XBRL webinar series. View our Catalog for a complete list of topics and schedules. CPA Crossings Course Schedule – May 2009
For more information, please contact Sherry Russ, CPE Finance and Self Study Manager, sruss@ascpa.org
|
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
 |
Strategic Management Infocast Series | |||||||||||||||||||||||||||
AICPA to offer free webinar series this Fall for CPAs in Business, Industry and Government
The American Institute of Certified Public Accountants begins its free “Strategic Management Infocast” series on Sept. 24 to help CPAs serving in business, industry and government gain the tools needed to effectively evaluate and analyze their strategic positioning to survive in difficult business conditions. The seminars will run from 12:00p.m.-1:15p.m. ET.
Thursday, September 24 “Supply Chain Management: Relationships, Risks and Rewards.” Participants will gain practical knowledge about managing the risks and reaping the rewards of supply chain management. They will learn how to match accounting techniques to different supply chain relationships, develop an effective supply chain strategy and indentify key opportunities and risks associated with their supply chain.
Thursday, October 15 “Evidence-based Management: Making Intelligent Business Decisions.” The Webinar will discuss how to leverage information technology and business intelligence investments to better define the real information needs of your organization, collect meaningful data to turn into relevant insights and how to present and communicate this information to decision makers.
Thursday, November 19 “Business Intelligence: Driving Value by Turning Data into Decisions.” This webinar will cover the concepts, principles and practices associated with business intelligence, as well as practical guidance for managing an enterprise BI initiative. Discussion topics will include assessing your organization’s current capability to support a BI initiative and how to evaluate your organization’s current one for potential risk areas.
The series is free to AICPA members but pre-registration is required because of limited space. Please visit www.cpa2biz.com to register. AICPA members may register for one hour of optional CPE credit for $34; non-members will be charged $44. All three Webinars may be accessed for one year at:
The AICPA Infocasts are being produced in conjunction with the Society of Management Accountants of Canada and the Chartered Institute of Management Accountants, headquartered in the United Kingdom.
|
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
 |
ASCPA Key Person Network | |||||||||||||||||||||||||||
WE NEED YOU—for the ASCPA Key Person Network!
Do you have a relationship with any of Alabama's state or national elected officials? If so, 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
|
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
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
|
 |
© 2009 Alabama Society of CPAs | PO Box 242987 | Montgomery, AL 36124 |