The Statement: November / December 2007

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Maryland gets $1.4 billion in new taxes: CPA services will not be subject to sales and use taxes under a package of new taxes enacted in November by Maryland’s General Assembly.
A less taxing tax season: Tax season help exists. You just have to know where to look.
State Board enacts new education rules: Maryland’s State Board of Public Accountancy has enacted a number of changes to the educational requirement that CPA candidates must fulfill before taking the CPA exam.
FASB delays FIN 48 effective date for private companies: The Financial Accounting Standards Board has voted to defer the effective date of FASB FIN No. 48, “Accounting for Uncertainty in Income Taxes,” for all non-public entities to periods beginning after Dec. 15, 2007.
Finding an angel investor in the D.C. area: Angel investors are high-net worth individuals who provide capital for the start¬up or expansion of a business.
Volatility index options: An increasingly popular but only limitedly effective tool for asset protection: An increasingly popular method among investors for managing volatility has been to purchase options on Volatility Index Futures through the Chicago Board of Options Exchange
The future of the federal estate tax: If the only certainties are death and taxes, why is there so much uncertainty about the federal death tax?
Information technology support for your firm: One of the most commonly asked technology questions by smaller firms is, “When should I consider hiring a full time IT person?”