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- Nation must address long-term economic problems, Obama says
President Barack Obama said in his inaugural address that the government must do more to make sure that when the economy expands, all Americans benefit. Unlike his first inaugural speech, in which Obama focused on dealing with the aftermath of the financial crisis, this time the president said the U.S. must deal with long-term economic problems. For an understanding of the federal government’s finances, watch the AICPA’s video program “What’s at Stake.” The Washington Post
(1/21)     
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- SEC chief to push for Dodd-Frank, JOBS Act rules
Securities and Exchange Commission Chairman Elisse Walter says rule making under the Dodd-Frank Act and the JOBS Act are the agency's top priorities. She said she has embarked on a "listening tour" of ideas, questions and complaints from people inside and outside the agency. AdvisorOne
(1/21)
8 days until tax season starts
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| | Increase Your 2013 Tax Season Productivity
Join CCH for a ProSystem fx® Tax Update or IntelliConnect® Research Seminar today!
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| Policy & Regulatory | | |
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- Regulators eye misstated AUM
State and federal regulators are looking out for financial advisers who misstate their assets under management. Experts say advisers might inflate their assets under management because they want to avoid state regulation, they want the prestige associated with being registered with the Securities and Exchange Commission or because they are confused about how to calculate them. InvestmentNews (free registration)
(1/18)
| International View | | |
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- German recovery is already here, central bank says
The Bundesbank said it sees the beginning of growth this quarter in Germany. "The largely stable labor market and a better outlook for output suggest that the economic weakness won’t last all that long," according to the central bank. The positive outlook comes despite likely negative gross domestic product growth in the fourth quarter and a projection that calls for 0.4% GDP growth over all of 2013. Bloomberg
(1/21), The Washington Post/The Associated Press
(1/21)
- EU plans to authorise financial-transaction tax
European Union finance ministers are expected to allow 11 eurozone nations, including Germany, France and Italy, to proceed with a tax on financial transactions. Ministers are "expecting to take a decision to move forward, on an enhanced cooperation basis, the financial-transaction tax," Irish Finance Minister Michael Noonan said. Reuters
(1/21), Bloomberg
(1/22)
| Emerging Technology | | |
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- Online platforms challenge financial advisers
Financial advisers are facing a growing challenge in attracting and keeping clients from Internet firms that offer investments, financial planning and advice. Since the financial crisis, many wealthy investors have shifted assets from fee-based advisers to inexpensive, self-directed accounts, according to Cerulli Associates. InvestmentNews (free registration)
(1/20)
| AICPA News | | |
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Get your A&A questions answered by those in the know
If you're looking for a place to enhance your knowledge and application of professional judgment, then contact the AICPA's Technical Hotline where a team of experts will guide you by phone or e-mail. From accounting principles to financial reporting, and everything in between, the team answers thousands of calls each year.
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Register today: Discuss payroll, tax and other impactful legislation for small business
Join leading experts from Paychex, Inc., for the webcast, Critical Payroll and Tax Legislation for 2013: New Year, New Challenges for Every Small Business, to be held 2 to 3:30 p.m. ET on Jan. 29. This webcast will focus on new regulatory, compliance and legislative changes, and will identify the critical business regulations to be aware of in 2013. Specifically, the webcast covers the primary payroll-tax related provisions of the "fiscal cliff," legislative items impacting payroll, regulatory issues emerging in human resources, employment law, health care reform and retirement law, and more. Register today. Tax, PFP and PCPS section members save $15.
| SmartQuote | | |
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 | A successful person is one who can lay a firm foundation with the bricks that others throw at him or her."
--David Brinkley,
American newscaster
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| About AICPA |
The American Institute of Certified Public Accountants is the world’s largest association representing
the accounting profession, with nearly 386,000 members in 128 countries and a 125 year heritage of serving the public interest. AICPA members represent
many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the
profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and
grades the Uniform CPA Examination and offers specialty credentials for CPAs who concentrate on personal financial planning; fraud and forensics; business
valuation; and information technology. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global
Management Accountant designation to elevate management accounting globally.
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| | Recent CPA Letter Daily Issues:
- Monday, January 21, 2013
- Friday, January 18, 2013
- Thursday, January 17, 2013
- Wednesday, January 16, 2013
- Tuesday, January 15, 2013
| | | Lead Editor: Tom Anderson
Contributing Editor: Erika Morphy
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SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 | |
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