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Do you have an emergency fund?
Taking care of yourself and your family involves more than keeping your door locked, letting the dog outside frequently, and setting curfew hours for your children. No matter what is your preferred manner of watching your back, financial protection should be part of the big picture.
Treasury conferees agree corporate tax must be overhauled
Last week, members of the U.S. Treasury met with executives and economists for the purpose of discussing America's system of corporate taxation in terms of global competitiveness. At the conference, Treasury Secretary Henry Paulson received support from participants for considering an overhaul of the U.S. business tax system.
Section 403(b) retirement plan rules finalized
The Treasury Department and the IRS have released final regulations related to retirement savings arrangements sponsored by public schools and charitable organizations, often referred to as "section 403(b) plans."
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Lite News
Interview techniques: You are what you eat!Busy professionals often schedule potential new hire interviews during meals because it is the best time to bring people together, but also because the dinner or lunch interview presents an opportunity to evaluate how a candidate handles herself or himself in a social situation.
Tech News
Wireless e-mail will have 350 million users by 2010There will be 350 million business and consumer users of wireless e-mail worldwide by 2010, says analyst Gartner. Across the world, there are fewer than 20 million business users of wireless e-mail today, representing just two percent of all e- mail accounts.
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Latest News
SEC approves PCAOB Auditing Standard No. 5
Red Cross draws fresh blood from IRS
Shoppers in fourteen states prepare for sales tax holidays
Editor's Note
Corporate leaders meeting with Treasury Secretary Paulson and
others last week at the U.S. Business Tax Competitiveness
Conference agreed that they would be willing to sacrifice
certain tax benefits in exchange for a lower overall corporate
tax rate. Harking back to the Reagan era, Paulson decried
changes in the tax laws that have made business tax policy more
complex and less globally competitive. Economist Alan Greenspan
put it bluntly when he said, "I think we ought to try to
resurrect the principles of the 1986 tax act." This appears to
be a serious call for corporate tax overhaul. We can expect
additional news on this topic as our economic leaders consider
their next step.
Gail Perry
Editor
editor@accountingweb.com
Firm/State News
J.H. Cohn and Marden, Harrison & Kreuter combine servicesJ.H. Cohn LLP, the largest independent accounting and consulting firm in the Northeast, has combined its services with Marden, Harrison & Kreuter, CPAs, P.C. of White Plains, New York.
P.O. Box 2252, Westerville, OH 43086-2252
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