December 13, 2011

Sponsored Links: Save 75% or more on payroll processing. Get started today! Uni-Data's QuickBooks® Hosting & eFileCabinet Document Management Need Additional Staff Training or CPE? Efficient Tests of Balances Series - No.1: Audit Strategies and Audit Plans Designing an audit plan and selecting types of tests based on risk assessment procedures is the first step for performing tests of balances. Risks or the lack thereof, strengths, and deficiencies in the client's internal controls provide the foundation for deciding on the most cost-beneficial audit plan and tests of balances procedures. Read more... Y4K About FAF Proposal on Private Cos? FASB Plans Webcast Y4K? – or - Why do over 4,000 people care about the proposal issued in October of this year by FASB's parent organization, the Financial Accounting Foundation (FAF), on how to improve the accounting rule-making (aka, standard-setting) process for private companies? Read more... IRS Announces 2012 Standard Mileage Rates: Most the Same as in July The Internal Revenue Service has issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Read more... Is It Time for Your Clients to Refinance? Mortgage rates throughout the country have reached historic lows. The going rate for a conventional, thirty-year mortgage has dipped below 4.5 percent, and the rates for fifteen-year mortgages are even lower. Given the current interest rate environment, many of your clients will be tempted to refinance their existing mortgages. Read more... IFRS Foundation Names Prada Chair The IFRS Foundation, which oversees and fundraises for the IASB, announced the appointment of Michel Prada as Chairman of the IFRSF Board of Trustees. Prada, former Chairman of the French Securities Regulator, will serve a three-year term commencing January 1, 2012. Read more...   Do you have clients who are still paying more than 5 percent on their mortgages? Perhaps now is the time to check in with your clients and find out if refinancing is a viable option for them. Help them run the numbers and explain how changing their interest rate, and perhaps the term of their loan, will benefit them over time. Work with them to manage their mortgage payments and talk about the advantages of paying biweekly instead of monthly. Read more... Best wishes, Gail Perry, CPA Editor-in-Chief editor@accountingweb.com Save 75% or more on payroll processing. Get started today! If you want to transform your payroll practice, take a look at the cloud-based Payroll Relief. By automating computations, compliance, and tax payments, Payroll Relief makes payroll processing faster, easier, and more profitable than ever. And for a limited time, you pay just $997 for a full year of unlimited processing. Click here to learn more. Uni-Data's QuickBooks® Hosting & eFileCabinet Document Management Uni-Data's QuickBooks® Hosting and eFileCabinet document management Accountants and clients access financial data and documents simultaneously and securely. All Intuit-supported versions of QuickBooks® Pro, Premier and QBES. SAS70 type II data centers. 24x7 live support. Nightly back-up. As low as $38/mo/user. Uni-Data is an Intuit Authorized Commercial Host (U.S./Canada). 718 445-5600. www.unidatait.com. Need Additional Staff Training or CPE? Need additional tax technical, accounting / auditing or financial and estate planning training and CPE? Visit the CCH Learning Center. Choose from more than 295 courses! Need to get your new hires trained on your CCH research and software products? Visit the CCH University page or call 1-800-739-9998, option 2 for information. Unsubscribe from the Accounting & Auditing e-Newsletter Copyright © 2011, Sift Media US, Inc. All rights reserved. AccountingWEB.com 9449 Priority Way W Drive Suite 150 Indianapolis, IN 46240 The Sift Media Portfolio includes: AccountingWEB.com |  GoingConcern.com