New home saleshit a recordkeeping low in July.  The end of eligibility for the Federal homebuyer tax credit in April has been blamed for the drop.  But does it deserve the credit? 

Under new and revised Federal proxy and other rules approved by a three-to-two vote on August 25, 2010 by the members of the Securities and Exchange Commission (SEC), substantially all Exchange Act reporting companies, including investment companies, will be required “to include the nominees of significant, long-term shareholders in their proxy materials, alongside the nominees of management.”

Federal legislation impacting gift card expiration dates and fees went into effect on August 22. This new legislation includes numerous changes that will directly affect retailers.

Federal legislation impacting gift card expiration dates and fees went into effect on August 22. This new legislation includes numerous changes that will directly affect restaurateurs.

The coming week’s data on housing sales (new and existing) and a revised estimate of Gross Domestic Product (GDP) for the second quarter (Q-2) will most likely document further deceleration of the recovery.  And with each new release, concern about the likelihood of a “double-dip” (i.e., renewed economic contraction) will increase.

The majority of New York State resident trusts will be required, for tax years beginning on or after January 1, 2010, to file state fiduciary income tax returns under a new Statement of Department Policy from the New York State Department of Taxation and Finance.

Many apparel companies may not be aware that Federal research and development tax credits, and similar credits from certain states, are available to a wide range of apparel companies. These credits present a value proposition for apparel companies with business expenses incurred within the United States in the design and development of products such as garments, shoes, and accessories.

Retail sales rose modestly in July, partially reversing declines in the two previous months.  Compared to the cyclic low in March 2009, nominal sales are up 8.5%, but still below the pre-recession peak. 

Scott Sachs, CPA, regional managing partner – southern California for J.H. Cohn LLP, one of the leading accounting and consulting firms in the United States, has been elected to the board of directors for the Los Angeles Jewish Home’s Eisenberg Village.
 
 

Capital Workforce Partners has announced the appointment of Charles M. Smith, director, Human Capital Consulting, J.H. Cohn LLP as chairman of its 40-member Workforce Investment Board.