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Welcome to the new AAA-CPA Weekly Update
AAA-CPA    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Welcome to the NEW Attorney-CPA Update! You will be receiving this Update weekly and we hope this will assist in keeping you up to date with all the happenings of the AAA-CPA and news nationwide that is of importance to attorney-CPAs. This new weekly e-mail will include articles authored by you, our members; a calendar of upcoming events; late breaking news and other articles from various sources that we think would be of interest. We hope that you enjoy your first issue and encourage any feedback. If you'd like to submit an article please do so by e-mailing your submissions to Nicole Ratner.

Businesses use Captive Insurance Companies for increased protection
Capstone Associated Services, Ltd.    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Most businesses have substantial risks that are not insured through conventional coverages. These uninsured risks tend to fall into two categories: (1) risks for which insurance, practically speaking, is unavailable or unaffordable in the conventional markets; and (2) risks that remain unconsidered or not properly identified. More

Olmstead: The biggest chink in the armor
Domenick R. Lioce    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Since its introduction into the Florida Limited Liability Company Act in 1993, the "charging order" provision has served as a key asset protection feature of a Limited Liability Company (LLC). If a member of a LLC is unable to satisfy the debts owed to a personal creditor (outside liability), that judgment creditor's remedy against the member is usually limited to receiving a "charging order" against the economic income of that member's share of an LLC's distributions. However, after the Florida Supreme Court's decision in Olmstead, et al v. FTC, 35 Fla. L. Weekly S357 (Fla. 2010), this may no longer be true. More

Obama pushes tax break plan for businesses
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
President Barack Obama touted a proposal on Friday to provide tax relief for businesses, calling on Democrats and Republicans to join together after elections to boost the economy. More

Problems found with IRS decision on private debt collectors
WebCPA    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Internal Revenue Service's comparative study of its private debt collection program was not designed soundly enough to support its decision to discontinue contracting out debt collection to private companies, according to a new report by the Government Accountability Office. More

Peter Gelbwaks on LTC Insurance

The top 5 reasons to consider buying Long Term Care insurance NOW are Age, Health, Price, Carrier Selection and Policy Design. For more details, click here.

FTC grants a last-minute reprieve to tax debt relief industry
The San Francisco Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail
Tax debt relief firms can still collect fees in advance of services-for now. According to an announcement made Wednesday, the FTC has granted an exclusive reprieve to tax debt relief firms from an advance-fee ban that prohibits debt relief companies from charging fees before they settle customers' debts. More

SEC urges banks to disclose potential losses from foreclosures
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The U.S. Securities and Exchange Commission urged banks to disclose their expected losses from flawed foreclosure documents, as mortgage-bond investors demand refunds on billions of dollars of securities. Lenders must disclose circumstances that they "reasonably expect" to have an "unfavorable impact" on financial results, the SEC said in a letter posted on the agency's website. More

Voters weigh property-tax caps
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Indiana voters are likely to enshrine new property-tax caps in the state constitution with an amendment that would make them permanent, adding to pressures on municipal budgets already hit by declines in incomes and housing prices. More

SEC sets aside $450 million for whistleblowers
The Associated Press via Google News    Share    Share on
FacebookTwitterShare on LinkedinE-mail article
The Securities and Exchange Commission says it has set aside about $450 million for payments to outside whistleblowers whose information results in successful cases and penalties collected from companies or individuals. More

Waiting for Congress on tax rates
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Q: With a probable increase in capital-gains taxes for 2011, I intend to sell off some stock on my long-term capital gains before year-end and lock in the 15 percent tax rate. I intend to buy them back immediately since they are solid companies that pay good dividends. Any comments on this strategy? More

White House considers 'decoupling' Bush tax cuts ahead of midterms
Fox News    Share    Share on FacebookTwitterShare on LinkedinE-mail
The White House is heading back to the drawing board to determine the fate of the Bush tax cuts, amid fears Congress will not approve a plan to hike taxes on the nation's wealthiest families if Republicans take an expected House majority in the election, The Washington Post reported. More

Nov. 03, 2010
2010 Fall Meeting & Education Conference
Nov. 19, 2010
When Your Client Can't Pay: IRS Collection Alternatives,/span>
Financial Service Providers Annual Conference
Nov. 05, 2010
Tax Practitioners' Annual Review and Update 2010
Nov. 30, 2010
Tax Treatment of Settlements and Judgments in Employment Cases - Northern California Chapter Meeting
Nov. 10, 2010
LA Estate Planning Committee: A Business Attorney's View of Issues that Estate Planners Should Spot
Dec. 1, 2010
Naples Goodwill Gathering of Attorney-CPAs
Nov. 11, 2010
Philadelphia/Delaware Valley Chapter Meeting
Dec. 7, 2010
Estate Planning in Light of Repeal and Current Events - NY Chapter Meeting
Handling the Delinquent Taxpayer - Missouri Chapter Meeting
Nov. 16, 2010
Goodwill Gathering of Attorneys and Certified Public Accountants
Dec. 10, 2010
Bridges Between the CPA and Legal Professions - WA Chapter Meeting
Nov. 18, 2010
The Good, Bad and Ugly about Retirement Plan and IRA Distributions
Dec. 17, 2010
2010 Tax Update - South Texas Chapter

The Attorney-CPA Weekly Update
Colby Horton, Vice President of Publishing, 469.420.2601   Download media kit
Annette L. Kovac, Content Editor, 469.420.2604   Contribute news
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