The Latest

Responding to press reports that the Obama administration is considering hitting small business with more tax hikes, U.S. Senator Orrin Hatch, R-Utah, ranking member of the Senate Finance Committee, called on the White House to take these tax increases off the table that threaten to “destroy the economic recovery our nation deserves.”

Changes in our firm have been rapid over the past year. We moved offices, added employees, and changed our name. That’s a lot for a small firm. Our clients have felt the changes as well, and they’ve been open with their responses.

Last week, while many residents of the Midwest were exercising their First Amendment right to assemble and many of their state politicians were practicing said assembly across state lines, Cleveland played host to the current resident of the Oval Office and a number of Cabinet members who came to address issues and concerns affecting small business owners.

Culver City, Calif., has suspended a business tax to attract more movie producers to shoot films in the historic city.

The International Federation of Accountants has released a revised edition of its Good Practice Guide, “Establishing and Developing a Professional Accountancy Body,” with new material on governance, the public sector, case studies, and practical illustrations.

The Internal Revenue Service is allowing U.S. citizens and residents who also live in Haiti and the Ivory Coast to exclude their foreign earned income and housing costs from their 2010 gross income even if they don’t meet the normal eligibility requirements.

Maryland-based accounting firm Weyrich, Cronin & Sorra reached out to the community as part of the Academy of Finance and pulled in new talent.

The trustees of the IFRS Foundation have appointed Takatsugu Ochi to a five-year term on the International Accounting Standards Board, reflecting an effort to include representation from outside Europe and North America.

Bill Clinton’s half-brother Roger is facing about $90,000 in tax liens from the state of California and the Internal Revenue Service.

ALABAMA