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IRS changes extension rules for K-1 business taxpayers
Internal Revenue Service officials have announced a change in the extended due date on certain business returns to help individuals better meet their filing obligations. The change, which reduces the extension period from six to five months, eases the burden on taxpayers who must report information from Schedules K-1 and similar documents on their individual tax returns. Read More…

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Book of the Week

IT Compliance and Controls:
Best Practices for Implementation
by James J., IV DeLuccia

A considerable degree of attention has been placed on organizations to improve and disclose the state of Information Technology (IT) internal controls within the United States as a result of several regulations, most prominently, the Sarbanes-Oxley Act of 2002, Section 404. Whether the result of a newly induced government mandate, a recent court ruling, industry trade groups, or from concerned stakeholders in the organization, these regulations have the ability to disrupt business. But no matter what the source, organizations are being strongly encouraged to have IT internal controls and to disclose these to the requesting parties. Dispensing invaluable insight into the complex world of interweaving government and industry mandates from around the world, IT Compliance and Controls provides a road map to effectively answer the question, "How much is enough?"



Not finding qualified, industry experienced candidates?

In trying to provide you with the best source to find candidates, AccountingWEB has designed a job board to best suit your needs for filling financial positions. They know how hard it is for you to find quality, qualified candidates - the new career center will bring you just that!




Editor's Note


Gail PerryThe IRS has announced a new starndard 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 clients mid-year.

Gail Perry, CPA
Managing Editor, AccountingWEB
editor@accountingweb.com


Editor's Choice

Revised 2008 Tax Rebate Schedule



The IRS has published a schedule showing the planned release dates for this spring's stimulus/rebate payments.Read more...

Want to learn about Excel pivot tables? Start here.



Pivot tables come free with Microsoft Excel and are a must for anyone who wants to analyse their data. AccountingWEB has been spreading the word for a long time now, and we published our first self-teach tutorial on pivot tables as far back as 1999. There's now a full suite of these tutorials and they have been accessed over 100,000 times. Read more...


Week 2 Quiz Winners!

Week 2 delivered 10 more lucky winners of The Magnificent Mustard Museum Mustard Memento. Take this week's quiz for your chance to win next week!

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Quote of the Week

“Old age is the most unexpected thing that can happen to a man.”
-- Leon Trotsky

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