Weekly Business Brief
Featured News
Last day for E-filers to register with IRS
The IRS has provided AccountingWEB with additional information,
including a sample spreadsheet, for e-file providers who are
required to register their web sites this week.
Top business schools face off in MBA Challenge
Remember the old College Bowl? If you're too young for that,
perhaps you remember academic challenges on your high school or
college campuses. CNBC News is sponsoring a new kind of brain
contest - the Fast Money MBA Challenge.
Treasury, IRS issue new proposed cafeteria plan regulations
On Monday, The Treasury Department and the IRS issued new
proposed regulations for employee benefit plans, known
as "cafeteria plans," under Section 125 of the Internal Revenue
Code.
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Student News
Brush up your PowerPoint skills for college applicationsLaunching what might become a national trend, the University of Chicago's Graduate School of Business is now requiring new applicants to submit a PowerPoint presentation in addition to the traditional application, transcripts, and test scores.
Tech News
Illinois CPA Society prepares for 2007 Business & Technology Solutions ShowOn August 21-22, the Illinois CPA Society will host its 27th annual Business & Technology Solutions Show at the Donald E. Stephens Convention Center in Rosemont, IL.
Publisher’s Note
Today is the last day for Authorized IRS E-file Providers to
send an encrypted Excel spreadsheet file to the IRS,
registering their web sites and providing URL information.
We're not sure how aggressive the IRS will be in closing down
web sites that are not registered, but by not filing the
requested spreadsheet, tax preparers are opening themselves up
to that possibility. Registering is easy - prepare a quick
spreadsheet (we give you a sample), zip up the file and encrypt
it (we give you instructions), and e-mail the file to the IRS
(we give you the e-mail address). Then send a follow-up e-mail
containing the password for the encrypted file. We're looking
out for you.
Rob Nance
Publisher
publisher@accountingweb.com
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Latest News
New deferred-compensation rules will not affect teachers until 2008
AICPA is looking out for rural CPA firms
Tax gap report describes future plans for IRS
Adding annuities may be next frontier in 401(k) plans
In-Depth News
A Conversation with Bruce Pounder: The Impact of Convergence on U.S. GAAPThe word Convergence refers to the process of eliminating differences in accounting standards among countries. But Convergence also refers to the goal of that process - the absence of differences in accounting standards among countries. So Convergence is both a process and a goal. Internationally recognized convergence expert, Bruce Pounder, explains what we can expect to see in financial reporting and the financial statements of the future.
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