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Seth Godin's newly-released book, Poke the Box, stands to be another classic in the Godin line of smart, no-nonsense, business books. In an e-mail exchange with Seth this week I asked him why accountants should pay attention to this book. Seth stated, "The only accountants who should read my book are the ones who want their businesses to grow or who are in search of helping their clients to find new ways to thrive. Everyone else will find it merely aggravating!"

In the same vein of business growth, or moving our respective missions forward, last week I took part in the Northeast CPE Educational Conference. Industry leaders Tom Hood, Denny Faurote, Michelle Golden, Donald Meyer, Clare Bonsignore, and many others shared their knowledge and provided critical discussion opportunities for today's rapidly evolving accounting profession. There was even a nice buffet on the second night that featured some really nice fish. Rob loves seafood.

Rob Nance
Publisher
publisher@accountingweb.com
IRS announces new auto depreciation limits for 2011
The IRS has published Revenue Procedure 2011-21 which sets out new guidelines for inflation-adjusted depreciation limits and lease inclusion amounts for passenger vehicles. These new depreciation limits are effective for passenger automobiles, trucks, and vans placed in service in 2011 and first leases occurring during 2011. The Revenue Procedure also includes revised depreciation limits for passenger automobiles placed in service in calendar year 2010 for which the 50 percent or 100 percent additional first year depreciation deduction applies.Read More...
FASB unveils XBRL 2011 taxonomy
Speakers at a recent Financial Accounting Standards Board (FASB) Webcast, XBRL 2011 Taxonomy Overview, presented an outline of what public company financial report preparers need to know about using the 2011 XBRL taxonomy, a list of computer-readable tags in eXtensible Business Reporting Language (XBRL) prepared by FASB. Read More...
Tough times: IRS revises lien program to help struggling taxpayers
In an effort to work with struggling taxpayers, the Internal Revenue Service has announced a series of new steps designed to help individuals and small businesses meet their tax obligations. Specifically, the IRS is announcing new policies and programs to help taxpayers pay back taxes and avoid tax liens. Read More...
Going through the motions: Only 1/3 of workers are engaged in their jobs
Remember mood rings – those unstylish color-changing rings that would give you away if you were embarrassed, in love, or just having a hot flash? Now Globoforce, a provider of global, strategic employee recognition solutions, has announced the 21st Century version of the mood ring – the Globoforce Workforce Mood Tracker, a new semi-annual survey that provides insights on the current pulse of the U.S. worker. Read More...
Coming to a town near you: PCAOB forum series addresses emerging small business audit issues
The Public Company Accounting Oversight Board (PCAOB) has announced the 2011 schedule for its Forum on Auditing in the Small Business Environment. The first of seven events will be held in Boston, MA, on Thursday, April 28. Read More...
Department of Labor, SEC prepare to change definition of 'fiduciary' while AICPA balks
The Department of Labor's (DOL) Employee Benefits Security Administration (EBSA), the government group responsible for educating Americans about how retirement and health and certain welfare plans work, has proposed that the definition of the term "fiduciary" be updated. Read More...
Texas accounting firms announce mid-tax season merger
One of the Austin, TX region's largest accounting firms has merged with a 33-year-old Houston firm. Austin-based PMB Helin Donovan LLP has merged with Houston-based McEvoy & Co. The union takes effect immediately and will operate under the PMB Helin Donovan name. Read More...
CPA firm partner and town mayor makes fitness a priority
When the Mayor is also a partner in the largest local CPA firm in town, fitness in the workplace takes on a whole new meaning. Barbara Bass is the Mayor of Tyler, Texas and one of 6 partners at Gollob Morgan Peddy. She has a wide audience listening when she talks about fitness. Read More...
Company announcements: Week of February 28
Following is the latest roundup of accounting community news for the week of February 28, 2011.
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Implementing Stay Interviews
We've heard of exit interviews, but stay interviews? You betcha! We work very hard to obtain talent, and that price tag is very high per hire in time, resources and money. We train, coach, evaluate and mentor so our talent can achieve proficiency in what is expected, and become valuable assets and contributors to the firm. Interesting concept isn't it? So wouldn't it be logical to speak to our people on what makes them happy and what they need to succeed before they have one foot out the door? Read More...
10 ways to reduce professional liability on audits, reviews, and compilations
A lawsuit alleging deficiencies in engagement performance, whether the allegations are true or not, can damage a CPA firm irreparably! Errors and omissions insurance providers have focused on ways to reduce accountants' and auditors' professional liability for many years. Still, many CPAs practicing for more than a decade are likely to have been sued at least once. Here are 10 ways a CPA firm can reduce professional liability in its accounting and auditing practice: Read More...
Tax season is too short
The other day I was reminded of an old Woody Allen joke. Two guys go into a restaurant for lunch. The first guy remarks that the steak is too tough, the vegetables mushy, the bread hard as a brick, and the soup cold as ice.... Read More...
Amazon and its fight to NOT collect sales tax: Great tax planning???
Amazon and its fight to NOT collect sales tax - the battle across the country that seems to be in the press constantly. Is it great tax planning or aggressive tax planning? Is it "tax avoidance" or "tax evasion"?
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