Publisher's Note
Everyone loves to win money, right? In these final days of Busy Season, take a moment out to play our Dollar Bill Game. It’s quick, fun, easy...and we’re giving away three prizes totaling $850. Get folks in your workplace involved and agree to split the money if someone wins!
Have fun with it and savor the feeling that it’s April 9 and there is light at the end of the tunnel!
Rob Nance
Publisher
AccountingWEB, Inc.
publisher@accountingweb.com
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Questions & Advice
Tax account
My goal - to get the tax money for payroll out of our main
checking account weekly, instead of waiting to pay it when due.
Is it okay to set up a bank "checking" account for this to keep
money separate without actually opening an account at the bank?
Like a holding account, and then transfer it back to main
account when the payment is due.
Add your input!
1099-A
Received a form 1099A. According to my calculations I believe I
have a loss on the sale of my vacation condo. 1099-A:
outstanding loan 450,000.00; no proceeds received from sale;
Basis (cost) 485,000.00; This is a recourse loan. On the form
1099A the FMV is 350,000.00. Did I calculate this right? I went
from the IRS chart on the publication on the sale of assets.
Share your suggestions!
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Need some extra days between now and April 15th?
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Stay Informed with CCH Audio Seminars
Earn CPE Credit
Invite colleagues, customers, prospects and business referral sources to join you for a CCH Audio Seminar. Each seminar includes supporting CCH research materials forwarded to you after the seminar.
Planning with Dynasty Trusts - April 21
This two-hour audio seminar on Tuesday, April 21, provides a practical and useful examination of dynasty trusts, the multi-generational planning tool for practitioners who advise wealthy clients and their families. The dynasty trust provides an opportunity to shelter wealth from transfer taxes while also protecting that wealth in trust for future generations.
Learn more.
Understanding IFRS - April 23
The move to the International Financial Reporting Standards (IFRS) represents a dramatic shift in how U.S. businesses and practitioners will need to approach accounting and financial reporting. The IFRS convergence is not in place yet, but migration from U.S. GAAP is inevitable and the progression toward international standards will ultimately result in one set of standards to be used by all companies inside and outside of the U.S., regardless of size and whether they are publicly or privately held.
Learn more.
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Social Networking: What’s Your Strategy?
Blogging, LinkedIn, Facebook, Twitter, MySpace, Podcasting, Wikis, del.icio.us, Digg, Flickr, YouTube – with all of the social media out there how do you decide which tools are right for you? How can you use social networking to help build, maintain, and enhance relationships? Where should you begin?
The guide, Social Networking for Professional Services: How to Add Social Media to Your Networking Plan, produced by RainToday.com, will help you navigate through the social media landscape, identify which tools are right for your firm, and provide you with tips you need to get started using these tools, today.
This guide is available to RainToday members only. Not a member? Try our free 7 day trial to access this guide, and all of our tools and guides along with the many other resources and tools produced exclusively for RainToday members.
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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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