August 9, 2011

 
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IRS grounds tax refunds for airline passengers
Despite earlier reports, passengers who booked flights before certain excise taxes for airline travel expired won't be entitled to tax refunds after all.
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Measuring trust in business
Trust is a vital element of business, yet it's difficult to measure and often gets overlooked. Two research groups have devised their own rating systems to determine which companies are most trustworthy.
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MACPA embraces XBRL in case study for private companies and nonprofits
Historically, the conversation about eXtensible Business Reporting Language (XBRL) has centered on public companies, thanks to its promise of delivering timely, accurate, and transparent financial information to investors. That conversation is beginning to shift, though, thanks to projects like the one undertaken by the Maryland Association of CPAs (MACPA).
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Ohio Congressman Stivers explains effects of debt ceiling legislation
The Senate approved the bipartisan bill last week, voting 74-26. The legislation will raise the debt ceiling $900 billion and cut government spending, which Representative Steve Stivers (R-OH) calls "not perfect, but the package as a whole helps small businesses ..."
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Loans that change lives
Accountants for Social Good (ASG) is a new charitable group created to unite accountants, CPAs, and other financial professionals to help those in need. ASG wants to do more than just write a check for a faceless entity. Through microfinance, ASG hopes to be part of a movement for social and economic change.
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Managing and developing young professionals
It's no secret that young professionals (YPs) are the future of our workforce. Strategies have been developed to attract, retain, and engage this energetic, educated, and highly mobile workforce in communities and companies across the nation. Engaging YPs now ensures future workforce development needs will be met – despite the retirement of baby boomers.
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Tom Hood and his colleagues at the Maryland Association of CPAs never fail to amaze and impress. Sometimes you can find them orchestrating a flash mob of accountants or putting down stakes in the virtual world of Second Life, but most recently the Association has gotten serious about XBRL and has undertaken a project to demonstrate XBRL's scope and versatility by tagging its own financial statements and showing how nonprofits can, well, profit from the experience.
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Best wishes,
Gail Perry, CPA
Editor-in-Chief
editor@accountingweb.com


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