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February 5, 2009

Publisher's Note With misbehaving politicians, banking woes and Ponzi schemes dominating the news these days, it can be downright depressing if you think about it too hard.  Let’s look on the positive side, starting with your accounting practice.  We have a Your Firm’s News section of the site that exists for you.  Many firms send us their press releases on staff additions, partners joining boards, and the like.  That’s terrific.  However, in light of the gloominess in the general media, let’s turn it up a notch!  Get with the partners and marketing people in your firm or at your company and have them pepper AccountingWEB with positive news.  E-mail press releases and news. Rob Nance Publisher AccountingWEB, Inc. publisher@accountingweb.com Roadmaps Delayed It's Time to Pull out Diogenes' Lamp Success - Why Do Some Achieve It and Others Do Not How Many People Do You Really Need to Know? Questions & Advice Stockholders' equity A student has posted an interesting problem on stockholder's equity and would like to know if her answer is correct. Add your input! Real Estate Professional for Passive Loss Purposes My husband is an account executive in the wholesale mortgage business. Does this qualify as a real estate professional for purposes of avoiding the passive loss restrictions relating to real estate ownership? Share your suggestions today! Featured Jobs Manager Finance- NBA D League National Basketball Association New York, New York Tax Manager BCG&Co. Akron, Ohio

Featured links Federal Tax Update in your choice of convenient audio or webinar format Free Webcast - Tax Talk Today, The Tax Show for the Tax Pro Live Web Demo: Workflow and compliance tools for corporate tax and       accounting professionals Top News For Daschle, it was a short drive from tax problems to political oblivion The story is becoming sadly familiar. On January 2, 2009 Tom Daschle rushed to file amended tax returns for 2005, 2006, and 2007, and pay $128,203 in unpaid taxes plus $11,964 in interest. There was no mention of penalties. more >> AMT patch is attached to Senate version of new stimulus bill "Rangel Rule" would give taxpayers a free pass on penalties Obama's tax decisions will define income tax systems for years Federal Tax Update in your choice of convenient audio or webinar format The Tax & Accounting business of Thomson Reuters invites you to join a new 2-credit Federal Tax Update from the comfort of your office. We will cover key issues in taxation of individuals and business entities that your firm needs to know about before busy season. This seminar will provide you with practical, working knowledge of the latest tax laws—including the Emergency Economic Stabilization Act of 2008. Live Webinars. $79 per participant. Webinars are presented on WebEx™, an internet-based tool through which you can view expert content. As you watch, you can hear and interact with the speaker via teleconference. New Live Audio Seminars. For $245 per site license an unlimited number of listeners can participate. Registrants receive one dial-in code and one set of materials. All participants can copy this material and listen in! Click here for more CPE information and to register, or call 800.231.1860. Featured Articles Guest Article: Operating and growing in a down economy So far, CPA firms seem to be feeling limited impact from the economic downturn. Some firms are seeing a bump in "average days in A/R" as business clientele slow their payments due, in turn, to their dipping receipts. Other firms report the heartbreaking scenario of trying to assist vulnerable clients take measures to remain solvent - scaling back, if not ceasing, operations. more >> Even small businesses can benefit from marketing systems CPAs offer tips for managing money in down economy AICPA announces launch of Economic Crisis Resource Center The Tax Show for the Tax Pro Free Webcast Sponsored by the IRS Next Program: Surviving the IRS Audit Tuesday, March 10, 2009, 2:00 p.m. to 3:00 p.m. ET More Program Information Not Registered to View? Firm/State/People News Maryland CPA firms announce merger DeLeon & Stang, CPAs and Advisors has merged with Daniel G. Falk & Associates, effective January 15, 2009. The combined firm will be known as DeLeon & Stang, CPAS and Advisors. more >> Argy names three new partners Ohio accounting services firm receives Goldline Research award Free Demonstration: Streamlining Corporate Workflow Processes Find out today why successful businesses rely on CCH as their strategic partner for time-saving income tax compliance software and workflow management tools. In less than an hour, you’ll learn how to streamline your workflow and improve your compliance processes by using the integrated CorpSystem suite. Learn more… Has Outlook blocked your images? If you need to right-click one of the images in this e-newsletter to see the pictures it's easy to set up AccountingWEB.com as a 'safe sender' so you don't have to do this every time you receive an e-newsletter. Select the Actions-Junk Mail menu and pick either the 'Add Sender' or 'Add Sender's Domain' option.

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