|FEBRUARY 5, 2008|
FeaturesTest your networking know-how Networking is the development and maintenance of mutually beneficial relationships. It's not schmoozing, it's not handing out business cards, it's not selling, it's not marketing, and it's not small talk. Some of those activities might be part of networking, but be careful not to confuse form with function. Networking is a process that takes the right attitude, patience, and organization.
FIN 48-2: FASB upholds FIN 48 for public companies; non-public entities may defer
The Financial Accounting Standards Board unanimously decided at its January meeting to require public companies to implement FASB Interpretation (FIN) 48, Accounting for Uncertainty in Income Taxes - an Interpretation of Statement No. 109, for all fiscal years beginning after December 15, 2006, by March 31, 2008, despite calls for a delay from many corporations.
Snipes jury acquits on felony tax charges
The jury in the Wesley Trent Snipes tax trial has found the actor guilty on three misdemeanor charges for failing to file income tax returns. Snipes was acquitted on felony charges of conspiracy to defraud the Internal Revenue Service and presenting a fraudulent claim for payment to the IRS. He was also acquitted on three other charges of failing to file income tax returns.
Firm/State NewsPennsylvania diverts gambling revenue to tax rebates for seniors
Pennsylvania Governor Edward G. Rendell is encouraging senior citizens and residents with disabilities to apply for Property Tax/Rent Rebates of up to $650. Application forms have been mailed to nearly 550,000 residents who received a rebate last year.
Blogs!What have you got to say today?
Linda Cavanaugh, CPA:
The FASB has decided that the current GAAP hierarchy is just too complicated with all the Standards, EITFs, DIG issues, AICPA SOPs, SEC guidance and other stuff. They have been working on a "codification project" for years and have finally intoduced it to the public.
This tech tip is not going to be very profound, however, it is a common question, and it was submitted by a loyal reader so I am going to address it. The reader wants to know how to increase the screensaver timeout on her computer so she does not have to relogin to Windows quite so often.
You've seen the quizzes - the ones that tell you if you've
picked the right mate. Usually they ask you questions about how
your mate interacts with your family members or how he or she
responds when you do something embarrassing, what the two of
you like to eat, read, watch at the movies, and of course there
are those quizzes that ask about intimate details of your
relationship. But here's a quiz that really gets intimate.
Finance - the forbidden topic - provides the arena for a quiz
offered by the Virginia Society of CPAs. Take this quiz when
you're completely sober and with all the lights on - you'll
want to be sure the answers you're getting (and giving) are
truthful. Whether your relationship is just getting off the
ground, or headed for ground zero - working through this quiz
might just help point you toward financial bliss. Find out if
you are two peas-in-a-pod, a work-in-progress, or in need of a
Tech NewsInternet disruptions a 'close shave' for India
Internet speeds slowed for several days after three Internet cables in the Mediterranean Sea were sliced, disrupting service in the Middle East and India, but observers say major outsourcing operations adjusted to the crisis well.
Lite NewsAre you and your mate financially compatible?
You like the same movies and you finish each other's sentences, but where do you and your significant other stand on important financial issues? Take a financial compatibility quiz and find out if you REALLY fit together well.