A&A news May 2010 | AccountingWEB

A&A news May 2010


Tax departments more concerned with getting it right

An overwhelming majority of senior financial executives say their tax department’s top priority is not tax savings or their effective rate, but timely and accurate tax return and financial reporting.

A day in the life of...an insolvency practitioner

Karyn Jones, a partner at Kelmanson Insolvency Solutions, opens the door to her working life to AccountingWEB.
Practice Development

How to make the best of business development

Business development specialist Craig Weeks claims successful business development need not be an exercise in self-punishment. AccountingWEB interviewed him so you can decide for yourself.

Thomson Reuters launches Accounting CS platform

The Tax & Accounting business of Thomson Reuters this week announced the launch of its Accounting CS platform, which is designed to take a new approach to professional accounting software.

The "flash-crash" of May 6: What happened?

If you tuned in to stock market news at about 2:47 p.m. EST on May 6, you might have been holding your breath, especially if you have a significant investment in the stock market. That was five minutes into what is now being called a flash-crash.

Middle market investment banking offers opportunity for trained valuators, accountants

As Boomers retire and sell their businesses, the middle market has become hot, even as the economy remains sluggish. Lucrative deals are driving a demand for education, networking, and certification – and a huge opportunity for committed financial professionals.

Do I hear $1,000? CPAbidding.com provides new way to find a CPA

CPAbidding.com was launched in late April as a new way for individuals and businesses to find and retain CPA-related services. The Web site is free to use and helps connect individuals and businesses with CPAs.

Strippers call for voluntary “pole tax” to help education

Long Island exotic dancers rallied last week in favor of a voluntary, $5 “pole tax” that would go toward education.

CPAs rethink traditional business model as demand for non-attest service offerings grow

Much has been written about the downside of outsourcing Finance & Accounting (F&A). However, there is upside that is profitable and rapidly growing.

Diagnose tax rules in new health care law

The new health care law finalized March 25 – the Patient Protection and Affordable Care Act – includes sweeping changes for both employers and individuals.

COBRA premium subsidy extended for third time

Congress has extended eligibility for the COBRA premium subsidy for two months as one provision of The Continuing Extension Act of 2010 enacted April 15th.

A day in the life of... an interim CFO

Marc Palker, director at CFO Consulting Partners LLC in Princeton, NJ, has been working as an interim CFO since 1996.
AccountingWEB Life

AICPA launches Web site

The American Institute of Certified Public Accountants this week launched its Web site AICPA.org. Designed to be comprehensive and user friendly, the site was developed to provide members with an easier-to-navigate online resource to meet their intensive information needs.

Survey: CPA execs’ outlook optimistic for first time in two years

CPA executives in business, industry, and government are optimistic for the first time in two years as business leaders gain confidence that improvements in the U.S. economy will translate to better results for their organizations.

Budgeting survey discloses causes of CFO headaches

Centage Corporation and The Institute of Management & Administration (IOMA) conducted a Budgeting Survey to examine difficulties faced by CFOs related to budgeting, planning, forecasting and reporting.

CFOs confidence on the rise, albeit modestly

A year has made a substantial difference in the practices and mindset of Chief Financial Officers as they continue to lead their companies out of one of the most difficult periods in global financial history.

Where is your climb going? CFOs discuss what it takes to reach the top

To explore the nature and background of the CFO position, several CFOs from well-known organizations were asked about the steps needed to reach the top.

Should I buy a Mac or a PC for my accounting firm?

As you read this article, odds are you are looking at it on a PC. That is because traditionally most accounting and tax software has been built specifically for PCs.

Many small nonprofits may lose tax-exempt status

Many small nonprofit organizations with annual receipts of less than $25,000 will lose their tax exempt status if they do not file a full return or a Form 990 N, an electronic notice e-postcard, with the Internal Revenue Service by May 15.

Execs say regulatory uncertainty hampering long-term planning

U.S. senior executives are concerned about the impact regulatory reform will have on their businesses, but half say it could eventually be a “net positive,” according to a recent survey conducted by KPMG.


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