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On April 30, the Media Relations team conducted a satellite media tour
featuring Bob Jazwinski, Chair of the PFS Credential Committee, and two members of the National CPA Financial Literacy Commission, Jordan Amin and Beth Gamel. A clip of Jordan Amin from Seattle KCPQ (FOX) is linked above.
Fear of recession causes American's to cut spending and reduce debt
AICPA issued its forth press release based on the results of the Harris Interactive poll, which have continued to generate excellent coverage. Some highlights included mentions in Forbes.com, Marketweatch.com and Yahoo! Finance. Jacksonville Business Journal and SmartPros both noted that 68 percent of America's adults believe the United States is heading toward a recession, and 53 percent are cutting their spending and paying down debt as a result.
Are your investments tanking?
Tom Ochsenschlager, vice president of taxation at the AICPA tells Black Enterprise Magazine that: "each year, up to $3,000 worth of net capital losses can be deducted on your tax return." In this example, your $10,000 in gains and $25,000 in losses give you a $15,000 net capital loss. You can take a $3,000 loss on your 2008 tax return, saving you federal and state income taxes.
Forbes.com reports it's a hot job market for accountants
Demand for Certified Public Accountants increased by 25% per year for the past three years, according to the American Institute of Certified Public Accountants.
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