News
FASB's independence at stake in debate over financial regulatory reformMarch 1, 2010
The SEC's oversight of FASB and the independent standard-setting process appears to be back on the table in the U.S. Senate as the two parties attempt to reach a compromise over financial regulatory reform.
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SEC delays IFRS convergence until 2015 (or later)March 1, 2010
Executing a work plan to determine impact and potential timeline
A U.S. switch to IFRS is officially delayed following a unanimous vote from the SEC this week. The SEC said that a move to a global standard would be made no earlier than 2015.
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Seeking CPA Nominees to Serve on CPA Examination Panels; Application Deadline March 31February 25, 2010
A new passing score decision will be made by the AICPA Board of Examiners as a result of the CPA Examination changes scheduled to be implemented in 2011.
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CCH Tax Briefing: Hiring Incentives to Restore Employment ActFebruary 24, 2010
To view the CCH Tax Briefing regarding the latest on the $15 million jobs bill - Hiring Incentives to Restore Employment Act (HIRE), please click on "READ MORE" below. Download Document [509.2 KB]
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New Compilation and Review Standard Addresses Many Small Firm IssuesFebruary 17, 2010
At its final meeting of 2009, the AICPA's Accounting and Review Services Committee (ARSC) approved Statement on Standards for Accounting and Review Services (SSARS) No. 19, a new compilation and review standard that includes the most significant changes to the SSARSs since 1978. An over-arching goal of the new standard was to address issues that had emerged over years with small CPA firms and their small business clients.
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AICPA's Second Annual Leadership Academy Builds on Last Year's SuccessFebruary 17, 2010
The American Institute of Certified Public Accountants (AICPA) has released the application for its 2010 Leadership Academy program, which prepares young CPAs to become the next leaders in their organizations, communities and the CPA profession. The Academy is a three-day workshop of learning and applying core leadership concepts to both individual challenges as well as those facing the AICPA and the profession as a whole.
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THE AICPA EXAMINATIONS TEAM IS SEEKING CPA NOMINEES TO SERVE ON CPA EXAMINATION PANELSFebruary 8, 2010
When the new Uniform CPA Examination is launched on January 1, 2011, changes in content, format, and structure will be introduced. These changes will require the current passing score to be re-examined. The process to do so will include convening four panels of CPAs — one for each examination section — to prepare the groundwork for the passing score decision by the AICPA Board of Examiners. A new passing score determination is necessary in conjunction with the new examination to ensure that legally defensible CPA Examination pass/fail decisions continue to be made in protection of the public interest.
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Blue-Ribbon Panel May Lead U.S. to Different Accounting Standards for Private CompaniesFebruary 3, 2010
The AICPA and the Financial Accounting Foundation (FAF), with support from the National Association of State Boards of Accountancy, have formed a blue-ribbon panel to explore the future of standard setting for private companies, including whether separate, standalone accounting standards for private companies are needed. The FAF is the parent organization of the Financial Accounting Standards Board (FASB). The panel is expected to make recommendations this fall.
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IRS Commissioner Announces a Proposal on 'FIN 48'January 28, 2010
The proposal issued Tuesday would apply only to companies with total assets over $10 million, and which have a financial statement prepared under FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes. It would not apply to individuals.
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Form 990 Resources and ToolsJanuary 21, 2010
Find helpful links to 990 resources and tools tailored to meet the specialized needs of exempt organizations, tax professionals, the general public and contributors, and researchers (including the media) on IRS.gov. Click on "READ MORE" below to view.
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Small Business and Self-Employed Tax CenterJanuary 8, 2010
Please click on "READ MORE" below to view a broad range of resources across federal and state agencies, as well as industry/profession specific information for self-employed entrepreneurs, employers and businesses. Follow Link » |
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Tax Professional Tax CenterJanuary 8, 2010
Please view the link on this page for information such as Servicewide Key Messages, Circular 230, and the Tax Gap for Tax Professionals.
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2010 Tax Filing Season LetterJanuary 8, 2010
The attached document will assist you during filing season; providing you with free tools, products, services, and guidance on how to raise issues and concerns through your local Stakeholder Liaison. This document contains valuable information and resources.
 Download Document [35.0 KB]
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Nominations for 2010-2011 MSCPA Officers & GovernorsJanuary 4, 2010
To the Members of the Maine Society of Certified Public Accountants - The MSCPA Nominating committee presents the following report:
"In accordance with Article V of the By-Laws of the Maine Society of Certified Public Accountants, we the members of the Nominating Committee present the following report."
Please view the attached document for further information. Download Document [44.5 KB]
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Principal at Berry, Dunn, McNeil & Parker Awarded CFFA DesignationDecember 23, 2009
Berry, Dunn, McNeil & Parker is pleased to announce that William H. Brown, CPA, has been awarded the Certified Forensic Financial Analyst (CFFA) credential in the field of Forensic Accounting. The CFFA credential is sponsored by the National Association of Certified Valuation Experts and holds the designee competent in experience and knowledge in professional forensic financial support services.
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2010 Master Tax GuideDecember 17, 2009
To place an order, please click on the link below. Once there, enter the words "master tax guide" in the Keywords section (top of page) and click GO. Make your selection(s) and add them to your cart. Your priority discount is automatically deducted from your total purchase amount. If you have any questions, please contact Karen Vincent directly at 207-883-6090, or kvincent@mecpa.org.
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NY Repeals registration of out-of-state CPA tax preparersDecember 3, 2009
The New York legislature passed a bill that eliminates the requirement for non-New York CPA tax preparers who file New York returns to register with the state. The bill is now pending on the Governor's desk. The language (included in Section F of the bill) clarifies that all CPAs and attorneys and the people they supervise will not have to register with the New York State Department of Tax and Finance for the new Tax Preparer Registration Program.
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Why CA$H?December 1, 2009
CA$H Greater Portland, managed by United Way of Greater Portland, is a partnership of community leaders and industry experts encouraging individuals and families in Cumberland County to increase income, reduce debt, save for the future and achieve financial stability.
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FTC Extends Enforcement Deadline for Identity Theft Red Flags RuleOctober 30, 2009
At the request of Members of Congress, the Federal Trade Commission is delaying enforcement of the "Red Flags" Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC.
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Make Everyday Purchases Count!October 15, 2009
Get something back for your everyday purchases.
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