A&A news September 2010

A&A

INSIDE Public Accounting reveals nation’s top 200 accounting firms

The Platt Group, publishers of INSIDE Public Accounting (IPA), recently has released its inaugural "Beyond the IPA Top 100," a ranking of the nation's top 200 accounting firms.
A&A

Report: Room for improvement in corporate risk oversight worldwide

The worldwide economic crisis has put a spotlight on corporate risk, but a large percentage of companies around the globe do not have strong risk oversight protocols, according to a joint research report.
A&A

Herz to retire as chairman of FASB

Robert Herz, chairman of the Financial Accounting Standards Board (FASB), will retire as of October 1, two years before his current term expires.
A&A

Obama wants to expand, extend business tax credits

President Barack Obama has proposed a 100 percent bonus depreciation business tax incentive for 2011 to encourage business investment. Obama also wants Congress to make the research-and-development tax credit permanent.
A&A

Survey: Most finance executives confident in business growth

Financial executives are more optimistic today than they were this time last year. More than 80 percent of financial leaders surveyed worldwide are at least somewhat confident in their companies' growth prospects.
Practice Management

It's about time: Successfully managing a to-do list

You probably have hundreds of things that needed to be done yesterday. These items might be listed on your current to-do list, inside an e-mail in your inbox, or scrunched up in the back of your brain. Maybe it’s a combination of all three.
A&A

What to tell your clients as health care reform takes effect

Love it or hate it, your business clients have known for six months that the first bells of the Patient Protection and Affordable Care Act (PPACA) soon would begin to toll.
A&A

IRS form helps small businesses claim new health care tax credit

The Internal Revenue Service has released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business health care tax credit when they file income tax returns next year.
Practice

Employers shift health care costs to employees

Workers on average are paying nearly $4,000 this year toward the cost of family health coverage - an increase of 14 percent, or $482, above what they paid last year, according to a new survey by the Kaiser Family Foundation.
A&A

IRS explains 2011 changes to flexible spending arrangements

The Internal Revenue Service has issued guidance reflecting statutory changes regarding the use of certain tax-favored arrangements, such as flexible spending arrangements (FSAs), to pay for over-the-counter medicines and drugs.
A&A

Virginia CPAs offer tips on preparing financially for disaster

Peak hurricane season for Virginia and the Mid-Atlantic States has arrived. While it’s unsettling to think a natural disaster could affect you, emergencies can and do occur.
A&A

Profile of a fraudster: Does your company have one?

More than 80 percent of the frauds in the ACFE study were committed by individuals in accounting, operations, sales, executive/upper management, customer service or purchasing.
A&A

AICPA contracts NACVA to develop course for CPA forensic credential exam

The American Institute of Certified Public Accountants has engaged the National Association of Certified Valuation Analysts to develop a course to help CPAs prepare for the qualifying exam for the Certified in Financial Forensics credential.
Practice

Afternoon not so delightful for many workers

If you're constantly battling the afternoon slowdown at work, take heart because you're not alone. A recent survey of senior managers confirms the late afternoon is the most common time for workers to hit the proverbial wall.
Community News

Pigs might not fly, but for Somerset CPAs, they can drive a racecar

Indianapolis is known as "The Racing Capital of the World," and it just so happens there are employees at Indianapolis-based Somerset CPAs P.C. who follow auto racing. So it’s no surprise that the firm created and entered a racecar-themed structure for the CANstruction event at the Indiana State Fair.
Practice Development

Know thy client

Use what you know to take care of your clients. Ensure that they get the most relevant and timely advice from their proven and reliable source – their accountant.

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