| Articles for May 14, 2008: |
| New procedures to adopt a Local Option Income Tax |
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Fifth in a series of articles about Indiana's property tax changes.
As everyone carefully watches the impact of property tax changes, Local Option Income Taxes (LOIT) can provide a valuable revenue alternative for local governments:
Ø LOIT can pay for budget increases, rather than funding them by using the allowable growth quotient to increase levies.
Ø LOIT can provide dollar-for-dollar property tax relief.
Ø LOIT may pay for public safety costs under certain conditions.
To read the full article, please click on Full Article below.
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| What does it mean to be a CPA firm? – Part two of two |
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In the preceding article in this series, we pointed out the value of having a CPA in your organization. Certified Public Accountants have an obligation to the organization they serve, their profession, the public and themselves to maintain the highest standards of ethical conduct. To maintain their license, CPAs may not commit acts contrary to these standards or condone the commission of such acts by others within their organization. In addition, all CPAs usually must have 40 hours of continuing professional education credits annually. It is expected that all CPAs participate in learning activities that maintain and/or improve their professional competence.
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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