SEC PROPOSES EQUITY CROWDFUNDING RULES

By Rahnia Beuter Professional Review by Claire E. Brown & Drea R. Schmidt, Tonkon Torp LLP   On April 5, 2012, the Jumpstart Our Business Startups (JOBS) Act was enacted. The purpose of the JOBS Act is to increase access to capital by modifying existing financial regulation. While the modifications affect several avenues of capital fundraising, […]

PREMIUM ASSISTANCE CREDITS UNDER THE ACA

By Robin Norgren  Professional Review by Tyee Carr, Portland State University   The Patient Protection and Affordable Care Act, often referred to as “Obamacare” or the ACA, was signed into law March 23, 2010.1 Through a series of regulatory, institutional, and tax changes, the law intends to expand coverage, quality, and affordability of the United States’ […]

THE INS & OUTS OF A VALUE-ADDED TAX

By Asriel Malloy Tax season has wrapped up for another year, but economic advisors continue to look for additional ways of improving our country’s finances. The idea of a national value-added tax, or VAT is one such option. In order to understand the financial consequences of such a tax, we must first understand the basic […]

URGENT NEED FOR ACCOUNTING PHDS

By Jun Li   Most students entering accounting do not plan to become academics. The field of accounting is often viewed as a licensed profession and not an academic area of study. A PhD in Accounting, or Doctor of Philosophy in Accounting, focuses on accounting as an academic area of study. Philosophy here does not […]

ACCOUNTING FOR CAP AND TRADE

By Andrew Yeoman Beginning this year, the state of California has mandated the distribution and sale of carbon pollution credits to the state’s largest industries, with the hope that a market-based system can stem air pollution from carbon dioxide and other greenhouse gases. The European Union and some Canadian provinces have already started emissions trading […]

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SEC PROPOSES EQUITY CROWDFUNDING RULES

By Rahnia Beuter Professional Review by Claire E. Brown & Drea R. Schmidt, Tonkon Torp LLP   On April 5, 2012, the Jumpstart Our Business Startups (JOBS) Act was enacted. The purpose of the JOBS Act is to increase access to capital by modifying existing financial regulation. While the modifications affect several avenues of capital fundraising, […]

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PREMIUM ASSISTANCE CREDITS UNDER THE ACA

By Robin Norgren  Professional Review by Tyee Carr, Portland State University   The Patient Protection and Affordable Care Act, often referred to as “Obamacare” or the ACA, was signed into law March 23, 2010.1 Through a series of regulatory, institutional, and tax changes, the law intends to expand coverage, quality, and affordability of the United States’ […]

Read More 0 Comments

THE INS & OUTS OF A VALUE-ADDED TAX

By Asriel Malloy Tax season has wrapped up for another year, but economic advisors continue to look for additional ways of improving our country’s finances. The idea of a national value-added tax, or VAT is one such option. In order to understand the financial consequences of such a tax, we must first understand the basic […]

Read More 0 Comments

URGENT NEED FOR ACCOUNTING PHDS

By Jun Li   Most students entering accounting do not plan to become academics. The field of accounting is often viewed as a licensed profession and not an academic area of study. A PhD in Accounting, or Doctor of Philosophy in Accounting, focuses on accounting as an academic area of study. Philosophy here does not […]

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TAXES FOR NONRESIDENT ALIENS

By Amber Schultz An estimated 11.7 million undocumented immigrants are currently living in the United States.1 Some of them crossed borders illegally while others originally entered the country on legal grounds and stayed beyond their allowed time frame. Regardless of how they came here, there are particular tax laws that now pertain to these millions […]

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PROPOSED LEASING STANDARDS: BETTER OR WORSE?

By Heather Drake Financial statement users have long been dissatisfied with lease accounting standards. Their main criticism is that the bright-line criteria currently used to distinguish capital leases from operating leases encourage lease structuring to keep lease liabilities from appearing on the balance sheet. Users have to carefully examine the notes and adjust statement numbers […]

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LIFESTYLE: BOOK REVIEW “NEVER EAT ALONE”

By Megan Huddleston Networking can play an important role in one’s career, and a popular phrase tells us that, “it’s […]

SPOTLIGHT: FACULTY PROFILE MICHAEL SCHUSTER

By Asriel Malloy Michael Schuster is an accounting and finance professor here at Portland State University. He teaches 200 through […]

EDUCATION TAX PLANNING, PART 2: 529 PLANS AND COVERDELL ESA

By Sarvar Muratov In our previous issue, I talked about the most common tax credits and tax deductions for education. […]

GROUPON’S STRUGGLE WITH REVENUE RECOGNITION

By Claire Steiner Revenue is arguably one of the single most important items reported on a company’s financial statement. It […]

LIFESTYLE: PROFESSIONAL ORGANIZATIONS

By Kristie Starr A successful transition from education to career means taking time away from your busy study schedule to […]

SPOTLIGHT: IRVINE & COMPANY

By Rahnia Beuter It’s easy to tell Irvine & Company, LLC is different from other accounting firms in Portland as […]