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| Publisher's Note |
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  The death of West Virginia Senator Robert C. Byrd on Monday morning started the week off with some big news. Whether you’re a liberal or a conservative, you’ve got to admit that Byrd’s impact on his home state was quite a remarkable achievement. The man was 92 – the longest-serving U.S. senator ever.
In addition, this week has seen some other important news, such as the U.S. Supreme Court's ruling that the Public Company Accounting Oversight Board violates the U.S. Constitution's separation of powers principle. Although the decision means PCAOB board members now can be removed by the Securities and Exchange Commission at will, the industry largely celebrated the court's decision because it enables the PCAOB to continue without interruption.
Rob Nance
Publisher
publisher@accountingweb.com
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| Take Checkpoint for a Test Drive Today |
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There’s only one way to find out which tax & accounting research service performs best for you: by getting into the driver’s seat yourself. So go ahead, take Checkpoint® for a spin. We’re confident you’ll quickly see why Checkpoint is the tax & accounting research service preferred by so many of your peers.
Take Checkpoint for a test drive today. Call 800.950.1216 or visit http://ria.thomsonreuters.com/trycheckpoint to start your complimentary 30 day trial today. |
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| Featured Articles |
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| BP's public relations gaffes causing British companies problems in the U.S. |
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 UK businessman William Chase claims that the lives of British businesses trying to succeed in the U.S. are being made harder because of BP chief executive Tony Hayward's handling of the oil spill crisis. |
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Game, set, match to the IRS
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Just before the start of this year’s French Open Tournament, news spread that Murphy Jensen, a doubles champion from the 1993 French Open, was neck deep in hot water with the Internal Revenue Service and two state tax agencies.
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Small businesses add 18,000 new jobs in June
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Small business employment grew by 0.09 percent in June, equating to a 1.1 percent annual growth rate, according to the Small Business Employment Index by Intuit Inc. The growth in percentage of small business employment translates to approximately 18,000 new jobs in June.
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Ernst & Young pays fine, costs to settle Equitable Life investigation
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Ernst & Young has agreed to pay a £500,000 (U.S. $748,616) fine plus £2.4 million (U.S. $3,594,667) in costs to the Joint Disciplinary Scheme and Appeal Tribunal as settlement for its role in the near collapse of client Equitable Life in 2000.
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| Cut Budgeting Time in Half |
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How would you benefit if the time you spent on your company’s budgeting process could be cut in half or even better by 75% or more? It’s not fiction. It can be done. 12 Easy steps to creating a complete business budget and cash flow forecast. This FREE comprehensive tool allows you to see into the future of your business.
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| Firm/State/People News |
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| Exclusive interview: Joanne Barry, executive director of NYSSCPA |
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 The voice of CPAs in New York has just become stronger because of the broadened scope of practice established by the Accountancy Reform Act of 2009, according to Joanne Barry, the newly appointed executive director of the New York State Society of CPAs. |
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| Collecting unpaid taxes four pennies at a time |
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| Aaron Zeff is the owner of Harv’s Metro Car Wash in Sacramento, California. Imagine his surprise when, one day last March, federal agents showed up at his business demanding payment of an amount owed from tax year 2006. Just how much did Zeff need to cough up? Four pennies. |
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| Weaver merges with Bank Advisory Resources |
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| Weaver, a Texas-based independent certified public accounting firm, earlier this month announced expansion of existing services offered to financial institutions through a merger with Bank Advisory Resources, LLC. |
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| Technology Solutions for Your Practice |
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 Speaker Amy Vetter focuses on why it is important to incorporate technology into your practice. The July 19 session will focus on how to use technology to improve communication within your firm and with your clients. On Aug 2, Amy will show you how to optimize your workflow. And finally, on Aug 30, Amy will help you get started offering online consulting engagements. Register for all three Technology Solutions webcasts and save! |
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Blogs!
What do you have to say today? |
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| Accountants Stuck in 'Night of the Living Dead' |
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| An increasing number of firms have seen profits decline to such an extent that they exist merely to pay off their debts and survive. Is the UK overrun with zombie businesses? Our sister site AccountingWEB.co.uk takes a look at a situation that could give George Romero an idea for his next screenplay. |
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| Want to Become the Biggest Loser? |
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| To maximize our earnings potential, particularly in our smaller CPA firms, we've got to get rid of some things that are "weighing" us down. |
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| Are You a CPA with an OCD? |
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| Our profession certainly has its fair share of nut cases. A psychiatrist could have a field day finding an endless supply of patients in a public accounting office. |
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| Customer Service Lessons from President Obama |
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| There is a difference between leadership and management. Politics aside please, there are valuable lessons to learn from this administration on how to better manage our client relationships. |
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| Kaplan Weekly Quiz |
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 Are you prepared for the CPA exam? Test your knowledge and keep your skills sharp by taking the weekly CPA Exam Quiz, brought to you by Kaplan Schweser CPA Review and AccountingWEB Education & Careers Zone. New questions will be posted for each section weekly. Take this week's quiz. |
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