January 21, 2013
Wind power still in limbo despite renewed tax break
After much dithering, Congress earlier this month gave a lift to wind-power producers by renewing a tax credit worth more than $12 billion over the next decade.
January 21, 2013
Michigan Supreme Court Justice charged with bank fraud
Michigan Supreme Court Justice Diane Hathaway, retiring Monday after accusations of fraudulent personal real estate dealings, now faces a federal bank fraud charge for allegedly transferring a home she owned in Florida to allow for the short sale of her home in Grosse Pointe Park.
January 20, 2013
Former Colorado nonprofit exec pleads guilty to theft
A former nonprofit director accused of stealing more than $73,000 from a charity pleaded guilty to theft Monday in Fremont County, Colorado, District Court.
January 20, 2013
City sues CPAs over audit; Comptroller admitted $54M theft
A city's former comptroller is heading to prison and the accounting firm that performed municipal audits is being sued for not noticing the theft of $54 million over a decade.
January 18, 2013
Massachusetts Gov. wants to lower sales tax, increase income tax
Critics contend Gov. Deval Patrick's call to raise the income tax will kill jobs and make the state less competitive, but supporters say it will pay for itself and spur growth.
January 17, 2013
Texas business group calls for business tax relief
The state's largest business lobbying group jumped on the tax relief bandwagon Wednesday, calling for cutting the franchise tax rate as well as extending the $1 million small-business tax exemption to all Texas businesses.
January 16, 2013
Greatland offers year-in-review for W-2s (and 1099s)
With W-2 and 1099 reporting season in full swing, Greatland Corporation has released its annual selection of some of the year's most news-making events, as they pertain to the company's favorite government forms: 1099 and W-2.
January 16, 2013
Medical marijuana company hires accounting firm for audit
Medical Marijuana Inc., an OTC publicly-traded business (MJNA), announced on Wednesday that it has signed a letter of engagement with the San Diego based accounting firm of Anthony W. Imbimbo & Associates to perform an audit of its financial records.
January 16, 2013
IRS: For TY 2013, a new option for claiming home office deduction
The IRS has announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes.
January 16, 2013
School cafeteria worker accused of stealing $8,000 in lunch money
A former cafeteria manager at an Oklahoma elementary school is accused of stealing more than $8,000 in lunch money during the last school year.
January 16, 2013
Accounting firm helping investigate alleged cheating in Texas school district
The district's school board has sought the forensic audit capabilities of Weaver LLP's El Paso office. The public accounting firm is one of the largest in regioinal, independent firms in the Southwest.
January 15, 2013
Virginia unemployment insurance taxes to dip
Taxes for the Virginia unemployment insurance benefits are set to decline this year for the first time since the recession hit.