The IRS has announced a new standard mileage rate of 58 1/2
cents per mile, effective July 1. Be sure to remind all of your
clients who track mileage to clearly separate pre-July 1
mileage from miles driven in the second half of the year. This
presents an excellent opportunity to touch base with your
AccountingWEB is looking for some people who have used
Microsoft Accounting and who would be interested in sharing
their experiences with our readers. Whether you've used the
program as a small business, advised users on it as an
accountant, or have simply played around with a trial version,
please send us a message if you would be willing to talk or
write about your knowledge of this program.
Gail Perry, CPA
A reader is interested in learning more about using dual
monitors on her desktop.
Read and Respond Now
A small local government is looking for information on rules on
commingling funds with a joint venture.
Read and Respond Now
What have you got to say today?
Allan Boress, CPA:
Truth Be Told About Business Development Blog
Penny Wise, Dollar Stupid
How does working for a CPA firm work against marketing success?
Got a call last week from a marketing professional that just
lost her job. "They decided that the marketing function wasn't
producing enough results for the investment," she said....
Linda Cavanaugh, CPA:
FASB Issues Some Standards and Proposes Others
I am really far behind in my reading and I thought I would just
give you a quick update on what is going on in the FASB realm.
Approved: FAS 161 - Derivative Disclosures. This is a new
standard that is effective for fiscal years beginning after
December 15, 2008. It requires tabular disclosures of
derivatives by risk group. Much more to come later....
Marketing Today and Tomorrow!
Going Out of Town!
As I head out West to speak at a conference on the subject of
accounting marketing (specifically for firms without accounting
marketers on staff) I am thinking about all of you - and how
this blog can deliver the greatest value....
Operational Risk Management: A Case Study Approach to Effective Planning and Response
by Mark D. Abkowitz
Operational Risk Management offers peace of mind to business and government leaders who want their organizations to be ready for any contingency, no matter how extreme. This invaluable book is designed to be used as both a preparatory resource for when times are good and an emergency reference when times are bad. Author Mark Abkowitz gets managers up to speed on what they should be prepared to deal with and offers real solutions for putting those business continuity plans in place. From natural and man-made disasters to terrorist attacks, Operational Risk Management is destined to become every risk manager's ultimate weapon to help their organization survive — no matter what.
The Internal Revenue Service today announced an increase in the
optional standard mileage rates for the final six months of
2008. Taxpayers may use the optional standard rates to
calculate the deductible costs of operating an automobile for
business, charitable, medical or moving purposes.
The IASC Foundation publishes IFRS Taxonomy 2008
IRS provides guidance on withholding of supplemental wages
U.S. behind other nations on international office romance survey
The Securities and Exchange Commission has announced that it
has approved a one-year extension of the compliance date for
smaller public companies to meet the Section 404(b) auditor
attestation requirement of the Sarbanes-Oxley Act.
Hidden Overhead - Hidden Expenses Cost You Money
Measuring employee engagement
When the Science Applications International Corporation (SAIC)
filed its 1999 tax return, it made a huge mistake based on a
misreading of the tax law. That mistake led them to overpay
their state taxes by millions of dollars. Combined with other
amounts they had paid (about $4.9 million) they still got a
refund of over $685,000.
Massachusetts Society of CPAs announces new board of directors
CPA firm wins national industry award
It's true, your firm can green-up without going entirely
paperless. But if paperless - or nearly paperless - is a goal,
you'll not only save trees and buy fewer ink cartridges, but
you'll save in many other ways as well.
New tool links online files to Excel applications
Thomson Tax and Accounting partners with EDGAR Online