Weekly Business Bite
Featured News
The art of making small talk
Do you feel uncomfortable making conversation in either social
or business situations? We've done a little digging here at
AccountingWEB and have come up with some sure-fire conversation
starters and tips for keeping the conversation going.
Judge denies IRS request for tax accrual work papers
Companies with audited GAAP financial statements should take
note that the U.S. District Court in Rhode Island, in a case
that has attracted national attention, ruled that certain
sensitive "tax accrual work papers" are protected from
disclosure by the work-product privilege and, accordingly, are
not subject to discovery requests from the IRS.
House passes legislation prohibiting patents on tax planning methods
The House of Representatives passed major reforms last week in the form of amending the Patent Reform Act. Hailed as the most significant change to the U.S. patent system in 50 years, the bill still faces an uphill climb as the Senate is working on its own version of patent legislation, and President Bush is seen as being lukewarm on the bill.
Lite News
Boomers use online brain games to stave off dementiaThe generation that refuses to age is not going to sit back and wait for Alzheimer's Disease and other signs of dementia to take hold. Instead, savvy Baby Boomers are expanding their minds (no, not the way they did in the 60s) with the aid of the computer, puzzles, and games. A brain health movement is sweeping the nation, and 60+-year-olds are riding the crest of the wave.
Student News
Twelve tips for funding that college educationThe University of North Texas College of Business
Benjamin Franklin said the only two things that are certain are
death and taxes. It's a safe bet that you can add "college
costs will continue to rise" to that list. Parents who are
looking down the road at college costs for their children may
be overwhelmed. How can you afford $15,000 to $40,000 per year
for four years when you're struggling to make the mortgage
payment each month? And that's just the cost of one child -
what if you have two or more?
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Latest News
Accounting honors students give views on job market Test your tax skills with this year's ABA law student tax challenge Ernst & Young launches campus video competition
Tech News
Excel 2 min Tip: Round your budgets to the nearest thousandIf you have a spreadsheet containing a lot of numbers, it will be easier for managers to read if you round the numbers to the nearest thousand.
Editor's Note
Have you ever found yourself wondering what to say in a crowd,
or in a conversation with someone you don't know very well?
It's possible that even those who seem the most adept in social
situations stumble for words from time to time. We're doing our
best to help with this problem in this week's Earful: "The art
of making small talk." Meanwhile, for those who aren't shy,
Ernst & Young is launching a video competition as part of its
recruiting plan, wherein college students are asked to make a
short video depicting their vision of their future career. We
can't wait to see the results - and who knows - it might give
us something to talk about!
Gail Perry
Editor
editor@accountingweb.com
P.O. Box 2252, Westerville, OH 43086-2252
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