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Law & Accounting

Reeves' bill to kill car inspections heads to full Senate

Lt. Gov. Tate Reeves’ effort to rid the state of its $5 auto inspection sticker requirement won passage Thursday from the Senate Finance Committee. Senate Bill 2519 next goes to the full Senate. Similar bills died in the Legislature the last two years. The state has had the requirement since 1977, according to the Insurance Journal. Estimates are the stickers bring state ...

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Only quarter of eligible Mississippians join health insurance exchange so far

With a month of open enrollment left, 81,251 Mississippians have either registered or been automatically renewed for the state’s Federally Facilitated Marketplace created through the Affordable Care Act. Still, the totals represent just 26 percent of those eligible to enroll, according to the Kaiser Family Foundation. Last year, Mississippi ranked 33rd in the number of eligible people who enrolled in ...

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Shipbuilders say McCain measure threatens Gulf shipyard jobs

A proposed amendment by Sen. John McCain (R-AZ) to the Keystone XL pipeline bill poses a huge threat to Gulf Coast shipbuilding industry and the $15 billion economic punch the shipyards provide, the Shipbuilders Council of America and American Maritime Partnership say. The amendment proposes to eliminate the existing requirement that vessels operating exclusively in America under the Jones Act ...

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Greenville reimbursed for Parks & Rec director’s embezzlement

GREENVILLE, Mississippi – Seventy-thousand dollars stolen from the City of Greenville by former Parks & Recreation chief  Yvette Yeager has been returned to City coffers. The repayment is part of the court-ordered restitution for Yeager, who embezzled $85,155  over a five-year period from October 2007 through September 2012. This money was recovered following the investigation by State Auditor Stacey Pickering ...

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Holder putting stop to cops seizing our belongings without cause

Attorney General Eric H. Holder Jr. on Friday barred local and state police from using federal law to seize cash, cars and other property without evidence that a crime occurred, the Washington Post reports. Holder’s action represents the most sweeping check on police power to confiscate personal property since the seizures began three decades ago as part of the war ...

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Millsaps dean’s lessons reach beyond classroom

Dr. Kimberly G. Burke, dean of the Else School of Management at Millsaps College and professor of accounting, said she was “surprised and delighted” by being receiving the 2014 Outstanding Educator Award from the Mississippi Society of Certified Public Accountants. “This was a completely unexpected honor,” Burke said. But it came as no surprise to colleagues and those who have ...

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Tax professionals need crystal ball for year end advice

Forget the calculators and computers this tax season. CPAs and other tax professionals are looking to the proverbial crystal ball as they wait to see what Congress might do in the next few months about extending tax breaks. Jerry Levens with CPA firm Alexander, Van Loon, Sloan, Levens & Favre in Gulfport said individual taxpayers and especially the small business ...

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CPAs give helpful advice about selecting a tax preparer

As the year draws to a close, tax season looms in the next few months. Finding an income tax preparer can be challenging. Members of the Mississippi Society of Certified Public Accountants, Ted Edwards, Pam Steverson and Tom Byrne have some useful advice to offer. Edwards chairs the association’s taxation committee and is with Haddox Reid Eubanks Betts in Jackson. ...

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Is law degree worth the investment?

The average graduate of the University of Mississippi (Ole Miss) School of Law has a student loan debt of $70,000 to $75,000.  At the height of the recession, some law school grads had trouble landing attorney jobs making enough to pay back the loan. However, the Ole Miss law school has decreased the number of students accepted into law school, ...

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FOR THE RECORD: Court reporters’ transcripts of proceedings invaluable

Court reporters are an important spoke in the wheels of justice. Using a steno machine, voice writer or pen, they write down word for word what is spoken in court proceedings to provide an official record of what occurred and provide verbatim transcripts. “Court reporters are in the courtrooms for criminal and civil proceedings; they are in depositions in attorneys’ ...

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