| Articles for April 30, 2008: |
| The new referendum process |
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 Fourth in a series of articles about Indiana's property tax changes.
House Enrolled Act (HEA) 1001, passed in this year's short session of the Indiana General Assembly, is the most massive change in local government funding since the Bowen Tax Package in the 1970s. It established a referendum process for controlled projects of specific values. For most local government units, the referendum applies to controlled projects of over $12 million and above or that constitute 1% of a unit's assessed value, whichever is less (but not less than $1 million). For school districts it applies to elementary school academic projects greater than $10 million and high school academic facilities greater than $20 million. Projects may not be artificially divided to avoid a referendum.
To read the full article, please click on Full Article below. |
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| What does it mean to be a CPA firm? |
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Protection of the public interest is a basic tenet of society. Since the beginning of civilization, good governments have enacted laws protecting the health and welfare of the public. The public interest warrants the licensing and regulation of persons professing expertise in accounting who perform professional accounting services, including the expression of opinions on financial statements and other information upon which the public necessarily relies.
To read the full article, please click on Full Article below. |
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CIRCULAR 230 DISCLOSURE:
To ensure compliance with U.S. Treasury Department Regulations, we are required to advise you that, unless otherwise expressly indicated, any federal tax advice contained in this communication, including any attachments, is not intended or written by us to be used, and cannot be used, by anyone for the purpose of avoiding federal tax penalties. |
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