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| Featured Articles |
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| 10 new tax savings on 2009 Form 1040 |
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 "The payoff for grasping new tax breaks can be substantial on the 2009 version of Form 1040," said Bob D. Scharin, senior tax analyst for the Tax & Accounting business of Thomson Reuters. "Yet, you will miss out on the tax savings if you rely on last year's return as a template for this year's filing." |
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| Heading off hackers |
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| CPA firms may be at a higher risk for hackers because they store sensitive client data. A security disaster plan and response team should be in place before a problem occurs so that you can respond quickly and professionally in a crisis. |
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| The Accounting Hall of Fame . . . Have you got the EI to qualify? |
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| At the opening of this year's Super Bowl, seven men were inducted into the Pro Football Hall of Fame. You don't even have to be a football fan to appreciate the skill it took for each of the Hall of Fame Inductees to have received the honor. It got me thinking about the line-up for The Accounting Hall of Fame. What would it look like? |
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| Firm/State/People News |
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| McGladrey & Pullen and RSM McGladrey hammer out details |
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 McGladrey & Pullen LLP and RSM McGladrey Inc. have reached agreements following the termination of a 10-year-old deal between the two firms. |
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| Hair stylist to the stars gains fame he never wanted |
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| He’s not a national celebrity himself, but celebrities like Maya Angelou, Mary Tyler Moore, and Britain’s former princess Sarah Fergusson depend on him for their beauty. Now, Teddie Kossof is getting some media attention he’d like to avoid. |
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| A new era, and a new name for Briggs, Bunting & Dougherty |
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| Briggs, Bunting & Dougherty, LLP, a Philadelphia-based, PCAOB-registered firm of certified public accountants, has announced that the firm has changed its name to BBD, LLP. |
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Blogs!
What do you have to say today? |
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| Aggravated with Auditing Standards |
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| I attended a PPC seminar in September 2007 on implementing the then new auditing standards. One of the highlights for me was a session led by, if my memory is correct, Harold Monk, the chair of the Auditing Standards Board.... |
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| Considering Cancellation of Debt Income in a Workout |
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| If you like many businesses are going through a workout, turnaround or reorganization, either out-of-court or pursuant to a Chapter 11 petition, be sure to consider the impact of cancellation of debt income in your workout plan. |
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| SEC Approves FASB Support Fee; FAF To Maintain XBRL |
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| There was a lot of buzz last week about the Financial Accounting Foundation's Feb. 5 announcement that it would take over responsibility for maintaining the U.S. GAAP Taxonomy for eXtensible Business Reporting Language (XBRL). |
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| No Estate Tax is a Good Thing...Right? |
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| Generally speaking, the fact that we currently have no federal estate tax is a good thing. However, the unprecedented temporary repeal may cause problems for some estates. |
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