A&A news August 2010

A&A

IRS looking for feedback on Roth 401(k) regulation

The Internal Revenue Service is seeking comments on an existing regulation that provides guidance on Roth 401(k) arrangements.
AccountingWEB Life

Democrats seek to legislate retirement savings

In an effort to increase the number of Americans who are saving for retirement – roughly 50 percent of employees have no retirement savings at all – the Automatic IRA Act of 2010 has been introduced in both houses of Congress.
A&A

Don't drink and tweet: Illinois CPA Society president speaks at nation's largest state CPA conference

Last week's Midwest Accounting and Finance Showcase in Rosemont, IL kicked off with approximately 1,700 CPAs in attendance, a group so large that it was clear the need for knowledge and networking is still alive.
A&A

Laughter can be cure for workplace ills

Employee satisfaction, worker productivity, and customer service continue to be priorities. The challenge for most organizations is to achieve high levels of productivity and customer service while maintaining a satisfied, motivated workforce.
A&A

CPAs sponsor Webinar on BP oil spill reimbursement process

CPA societies from Florida, Alabama, Louisiana, Mississippi, and Texas, in cooperation with the Accounting CPE Network and BizVision, are sponsoring a Webinar designed for CPAs whose clients are filing claims through the BP reimbursement process.
A&A

Resolution seeks tax equity for same-sex married couples in California

California lawmakers earlier this month got one step closer to what Assemblyman Mike Feuer (D-Los Angeles) calls tax equity for same-sex married couples. Assembly Joint Resolution 29 (AJR 29) passed both houses in a vote of 52-9.
Practice Development

Measuring the effectiveness of in-house training

Accounting firms that offer training programs in house for staff and management want to ensure that individuals meet continuing professional education requirements. At many firms, training programs encompass larger goals and are at the core of a firm’s culture.
A&A

Striking a balance: In-house and external CPE

Continuing Professional Education (CPE) is a requirement to continue practicing as a CPA. But is there a best way to get your CPE credit?
Practice Development

CPA training is a year-round process

AccountingWEB’s Jason Bramwell talked to training personnel from four firms who explained the annual education requirements at their businesses and weighed in on the pros and cons of in-house training versus out-of-house training.
Practice

Train clients to slash red tape, raise revenue, cut costs

Your clients look to you for expertise. With the economy sluggish right now, this might be an opportune time to offer training that could help them improve their financial outlook and prepare them for upcoming duties and requirements.
A&A

INSIDE Public Accounting reveals top 100 U.S. accounting firms

The Platt Group, the publishers of INSIDE Public Accounting (IPA), recently released its 20th annual report on the nation’s Top 100 accounting firms.
Tax

The many personalities of tax returns (and the clients behind them)

Anyone who has prepared tax returns for a number of years likely has come to the conclusion that individual income tax returns have their own personalities as do the taxpayers that they represent.
A&A

Businesses await new standard for lease accounting

The Financial Accounting Standards Board and the International Accounting Standards Board are on track to publish the final version of a common standard on lease accounting during the second quarter of 2011. The standard could go into effect as early as 2013.
A&A

Averett Warmus Durkee merges with Osburn, Henning and Company

CPA firms Averett Warmus Durkee and Osburn, Henning and Company, both based in Orlando, Florida, recently announced that they have merged practices.
A&A

Michael R. Bell & Company joins Wipfli

Partners and associates of Washington State-based Michael R. Bell & Company, PLLC, have joined Wipfli LLP, an international CPA firm headquartered in Milwaukee.
A&A

Conrad Davis: Creating a mentoring climate at CalCPA

Realizing the full benefits and rewards of being a Certified Public Accountant comes when the CPA is involved with the profession and its future, said Conrad Davis, newly appointed chairman of the California Society of CPAs.
A&A

Pros, cons of charging employees deductibles for preventable accidents

It is the bane of many managers' jobs: the preventable accident. With police reports to file, insurance forms to manage, and repairs to oversee, those minor fender benders and dinged doors can cause significant headaches and paperwork.
A&A

PCAOB staff directed to develop proposal to ask Congress to make disciplinary hearings public

The Public Company Accounting Oversight Board's acting chairman recently announced that he has staff to develop a proposal to send to Congress a request that it consider a change to the Sarbanes-Oxley Act of 2002 that would enable the PCAOB's disciplinary hearings and related proceedings to be made public.
A&A

PCAOB addresses failure-to-supervise provision

The Public Company Accounting Oversight Board has issued its views regarding the provision of the Sarbanes-Oxley Act of 2002 that authorizes the PCAOB to impose sanctions on registered public accounting firms and their supervisory personnel for failing to reasonably supervise associated persons.
A&A

PCAOB adopts new auditing standards on risk assessment

The Public Company Accounting Oversight Board has adopted a suite of eight auditing standards related to the auditor's assessment of, and response to, risk in an audit.

Pages