 |
March 17, 2009 |
 |
If you find the pot of gold, let us know.
Happy St. Patrick's Day!
|
 |
 |
 |
|||||||||
 |
Department of Revenue Policy |
||||||||
|
Alabama Department of Revenue Policy
Decoupling of Alabama Income Tax Law from the Bonus Depreciation and Additional Section 179 Provisions of the Federal Economic Stimulus Act of 2008.
Issuance Date: March 11, 2009 Issued by Richard H. Henninger, Director—Individual and Corporate Tax Division
|
|||||||||
|
|||||||||
 |
|||||||||
|
Legislative e-Zine by Bruce P. Ely, James E. Long, Jr., William T. Thistle, II
March 17, 2009—The Senate passed two important tax measures last week – the Qualified Investment Partnership / Film Incentives Bill and a bill that converts the offshore oil and gas severance tax to a gross proceeds-based tax. Both measures previously passed the House and now await Governor Riley’s signature – which we expect. Legislation was also introduced that would reinstate Jefferson County’s beleaguered occupational license tax, and another, competing proposal now being advertised would expand the tax base to include licensed professionals, who were previously exempt.
The legislature will not meet this week due to Spring Break; however, we anticipate that several tax proposals supported by the Alabama Education Association (AEA) may be introduced when the session resumes, including a proposal that would impose mandatory unitary combined reporting for corporate income tax purposes.
|
|||||||||
|
|||||||||
 |
American Recovery & Reinvestment Act |
||||||||
|
American Recovery and Reinvestment Act
AICPA and CCH have joined forces with top tax experts Sidney Kess, J.D., CPA, and Barbara Weltman, J.D., who take a straightforward yet comprehensive look at 2009 tax legislation and related developments. The course offers tax professionals clear-cut guidance on the new law, including planning opportunities, pitfalls to avoid, and ways practitioners can capitalize on the law with their clients. Helpful Planning Pointers and Observations - plus alerts to changes affecting 2008 income tax returns - are integrated throughout the course to assist you in both grasping and applying the new law. Sample client letters will help practitioners inform their clients of the new law. The response to these courses has been overwhelming and we are confident they will provide valuable information to you.
Register for a class in your area today:
The AICPA has also set up the Economic Crisis Resource Center with guidance and reliable information to help CPAs in navigating current and future financial challenges.
|
|||||||||
|
|||||||||
 |
Gulf Shores Clusters |
||||||||
|
Gulf Shores Clusters Get CPE credits and get your toes in the sand. Join us for the Gulf Shores Clusters in June and choose from 96 hours of A&A, Tax, Tech or Management courses. Choose between 8 hour and 4 hour classes to fit your schedule.
Correction: Last week we misquoted the room rate for The Beach Club. The correct pricing for members is $207.20 and up. For reservations at these special rates, please call Sarah Green at (866) 627-1334.
|
|||||||||
|
|||||||||
|
Save Your Spot at These ASCPA Conferences!
Stay tuned to the Tuesday Bulletin and our website for more information on these conferences! http://www.ascpa.org/Content/ContinuingEducation/Conferences.aspx
|
|||||||||
|
|||||||||
 |
Industry Award |
||||||||
|
Outstanding CPA in Business and Industry Nomination
The Alabama Society of CPAs, in order to recognize outstanding CPAs in business and industry, is soliciting nominees for its Outstanding CPA in Business and Industry Award. The ideal nominee should reflect superior management of processes, technology and resources to create value; demonstrate leadership and commitment; act as a strategic business partner or leader; provide vision and knowledge of broad business issues; understand key non-financial and cross-funtional measures and principals; champion change and non-tradional methods and approaches; and demonstrate commitment and leadership in adopting technological change.
Nominations are due by April 21. Click here for the nomination form (PDF)
|
|||||||||
|
|||||||||
 |
Need a Tax Break? |
||||||||
|
Need a Tax Break?
The Sandestin Golf and Beach Resort is offering ASCPA members a special package, rooms from $155 per night. Book by April 10 and receive a free beach chair and free umbrella setup for two. Check out the brochure here.
|
|||||||||
|
|||||||||
 |
Go Green, Save Green with 1031 Exchanges |
||||||||
|
Commercial Investors Can Go Green, Save Green, With 1031 Exchanges
The "Green Movement" has quickly gone from fad to trend to global initiative. In the United States, corporations as well as commercial property owners are being challenged to find ways to embrace "Green Initiatives" in response to demands for greater environmental sustainability, and beyond social accountability to more profitability.
Guided by the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) certification program, energy efficiency, resource conservation and environmental sustainability are increasingly important factors in maximizing asset value. Of course, many of today's commercial buildings are anything but “Green." Outdated heating, ventilation and air conditioning (HVAC) systems can result in continually increasing operating costs. Antiquated and drafty windows, leaking pipes, old asbestos panels and new patches of mold can create a costly environmental nightmare. read more on our website
|
|||||||||
|
|||||||||
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 ASCPA.org >>
|
 |
© 2009 Alabama Society of CPAs | PO Box 5000 | Montgomery, AL 36103-5000 |