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March 19, 2009

Publisher's Note A CPA in Rhode Island said to me last week, “The briefcase is disappearing from the business world.  A lot of accountants still use them, but we’re in the minority these days.”  This conversation came about due to our “Working on the Road” article. Along with the vanishing briefcase, we’ve all seen business clothing standards change dramatically, especially due to increased work-at-home activity.  The latest proof of this is S&K Menswear seeking a shield from creditors under Chapter 11 bankruptcy.  David Ringstrom’s “home office” article covers a load of the critical bases in today’s cultural work shift.  However, there’s no mention of turtlenecks, briefcases or robes.  What changes are ahead?  We’ll keep you posted!    Rob Nance Publisher AccountingWEB, Inc. publisher@accountingweb.com Obama On Regulation Madoff's Accountant Is Charged With Securities Fraud Get Involved...Be Rewarded How to Connect at a Convention Questions & Advice Commuting vs. business mileage I know that commuting expenses are not deductible. So, lawyer goes from home to firm, not deductible. Lawyer goes from firm to courthouse, deductible. What if Lawyer goes from home to client to firm -- all deductible, or only the part of the trip between the client and the firm? The revenue rulings are very unclear on this. Add your input! Question about Macola Software Is there some kind of year-end procedure required in the Bank Book module of Macola? None of my entries for January or February will post--but I haven't closed December 2008 GL yet because of adjustments still being made. In meantime, I need to close January and February of 2009. My entries are out there (on the tables), but will not post. Share your suggestions! Featured Jobs Senior Accountant Sports & Arts in Schools Foundation Woodside, New York Family Office Accountant Petrucci & Associates, LLC Montchanin, Delaware

Featured links Free Webcast - Tax Talk Today, The Tax Show for the Tax Pro Reach a New Level of Achievement: Assure your Competitive Edge Lorman Lecture Hall Top News Will the AIG case result in using the tax code to punish certain individuals? Last fall we heard, "AIG is too big to fail." Today some are saying "AIG is too big to fix." All that noise you hear coming out of Washington D.C. and around the country is the sound of outrage. American International Group asked for and got a federal bailout of $180 billion in taxpayer-backed loans. That means the taxpayers now own more than 80 percent of the company. Just a few months later, AIG has used $165 million of that taxpayer money to pay hefty bonuses to unnamed executives. more >> What are accountants and economists saying about the AIG controversy? Expedited fair value guidance may ease pressure on banks Very few companies are ready to handle government or regulatory investigations The Tax Show for the Tax Pro Free Webcast Sponsored by the IRS Next Program: Specialty Taxes: Estate and Gift and Employment Taxes Tuesday, May 12, 2009, 2:00 p.m. to 3:00 p.m. ET More Program Information Not Registered to View? Featured Articles California man accused of falsely claiming to be an IRS agent A Fairfield, California man accused of falsely presenting himself as an IRS agent is facing 16 felony charges following a lengthy investigation by the Treasury Inspector General for Tax Administration. more >> Former BDO Seidman vice chair pleads guilty to tax fraud Telecommuting calculator adds up savings for employees and employers Job discrimination complaints reach record levels The CM&AA® Certification has become the "Gold Standard" for Middle Market Corporate Financial Advisors The AM&AA's Certified Merger & Acquisition Advisor (CM&AA®) certification is the premiere advanced professional credential available to today's business advisory professionals: CPAs, CFAs, attorneys, investment bankers and others. The next session is April 20-24, 2009 in Chicago at Loyola University. Click here to learn more Firm/State/People News IGAF Firm Interview with David Donnelly of Gainer, Donnelly & Desroches, LLP In keeping with the Texas tradition of going big... Gainer, Donnelly & Desroches (GD&D) LLP is Houston's oldest and largest accounting firm. The firm started 60 years ago under a different name and then was bought in the 70s by Sam Gainer. David Donnelly came along in 1983, and Rod Desroches, who is now the managing partner, joined the growing firm in 1985. more >> New York CPA firms announce merger Lazar, Sanders, Thaler & Associates merges into ERE LLP Long Island CPA firms merge Lorman Lecture Hall The "Lorman Lecture Hall" provides you with up to date information on upcoming teleconferences to help your business stay on top of your training needs. Most courses offer an opportunity to earn CPE. You can register online or call Lorman at 1-866-352-9539. Please mention Priority Code 16099. 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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