AccountingWEB.com
Tax Court allows deduction for sex-change operation
The U.S. Tax Court in Boston ruled in favor of a plaintiff who claimed approximately $5,000 in medical deductions for expenses relating to her sex-change operation.
Recession takes aim at Cupid this year
Apparently not even Cupid is immune to the effects of the recession. Couples will spend 5.8 percent less on tokens of love this Valentine’s Day.
Obama's budget and related tax plans will affect the grass roots
President Obama’s State of the Union speech last week outlined a broad agenda of tax provisions that he hopes will breathe new life into the economy.
Bad credit can mean higher insurance premiums: Companies can raise rates after checking score
Jan. 25--Coastal policyholders are well aware a hurricane is guaranteed to hike insurance rates, but fewer realize their credit reports also are factored into homeowner and automobile insurance premiums.
Consumers who have suffered financial setbacks because of the economy are seeing higher homeowner and auto insurance premiums, but the mistakes often found in credit reports also can lead to rate hikes. READ MORE >>
A Single Sandbox for Standard-Setters (Part 1)
I previously suggested in this blog that the Financial Accounting Standards Board (FASB), International Accounting Standards Board (IASB), and other standard-setters throughout the world should establish a single, global registry of financial reporting standards. The fundamental premise of my suggestion is that having a global registry would accelerate the elimination of differences in financial reporting standards among countries while maximizing the benefits that we would derive from more-similar standards, without expecting anyone to give up quality, sovereignty, or anything else they're reluctant to give up. This post is the first of many that will describe why a "single sandbox" approach makes more sense than expecting the whole world to agree on a single set of standards or a single standard-setter.
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Breakroom Bulletin
Tired of reading the same old company memos and clunky full-sized newspapers in your breakroom? Give AccountingWEB's Breakroom Bulletin a whirl! Post it in the office breakroom or kitchen! The Breakroom Bulletin is a nifty one-page PDF that you can download, print, and enjoy free of charge. You'll receive timely news items with a splash of humor designed to brighten everyone's day in the entire office. Print it and post it! Download The Latest Edition HereTest your attention to detail - Match Game
Time for a short break? With a little attention to detail and a little luck you can get your name on our Match Game leaderboard! Our top three players from our last run were:
- AndyTer
- LauraP
- Babsy
Play today and get your name in there! You could be our next winner.
