Monday, August 30, 2010

Friday, August 27, 2010

Some states try to boost with amnesty revenue

This BKD alert summarizes seven states with current amnesty periods for certain taxes due.   http://www.bkd.com/media/articles/advisor/2010/2010-08alertsTX-2.htm

Tuesday, August 24, 2010

GAO proposing changes to yellow book

this would be the 6th revision since 1972.  The exposure draft (210 page document) contains  a letter at the beginning that summarizes the audit standard uchanges known as GAGAS.  The changes include those made in recent years in  the auditing profession as well as special considerations necessary for a government environment.  The most significant proposed change in the draft surrounds independence issues - GAO is taking a stronger stand on this matter, limiting what auditor can do.  The draft is located  http://www.gao.gov/new.items/d10853g.pdf.  The comment period closes 11/22/2010.  The yellow book webpage with the existing version and other yellow bookmaterilas is located at http://www.gao.gov/govaud/ybk01.htm

Friday, August 20, 2010

Highest state income tax rates

in pictures and with words  Make sure you click on the count-down with pictures of the top ten, and notice right under the picture that they show the rates and the amounts.  Bill Gates's father is involved in the debate about taxxing the wealthy.  http://www.forbes.com/2010/08/19/tax-rich-bill-gates-personal-finance-highest-state-income-tax-rates-2010.html

Thursday, August 19, 2010

New Jersey didn't have all disclosures

New Jersey recently settled a claim from the SEC that the state failed to disclose to bond investors that it didn't properly fund two of its pension plans when it issued bonds from 2001 to 2007. Likely more lawsuits in crackdowns to come  http://accounting.smartpros.com/x70295.xml

Long term debt - the real problem

This CNN article  http://money.cnn.com/2010/08/19/news/economy/long_term_debt/index.htm

Wednesday, August 18, 2010

Business.gov or the newer website

Update Jan 2011 with links that direct to a newer website  http://www.sba.gov/community  

original post: This is not so much about governmental accounting topics, but about business and government.  This community has different forums that may be of interest.  From  "Starting and registering a business" to "government contracting" there is a supportive community. http://community2.business.gov/ 
This community forum is a part of the larger site of a division of the small business administration.  http://www.business.gov/  also has resources and a weekly newsletter you can sign up for.

Friday, August 6, 2010