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September 20, 2007

Featured News


A new approach to Excel pivot tables

In common with many of the features of the Office suite, working with Excel pivot tables has been changed both by the application of the new Office 2007 interface and by several specific enhancements. This tutorial will get you started with pivot tables in the new version of Excel.


Taxpayers showing losses on Schedule C are in the spotlight

The Treasury Inspector General for Tax Administration has issued a report presenting the results of a review to determine what actions the Internal Revenue Service is taking to address noncompliant, high-income small business/self-employed taxpayers who claim business losses using a Form 1040 Schedule C for activities considered to be not-for-profit.


Job security: Execs prefer being employed to self-employment

Most executives would decline the opportunity to be their own boss, according to a new survey. Sixty-five percent of respondents said they feel the average executive would not choose to be self-employed if he or she had the necessary startup capital.



Firm/State

Reznick Group to host free national webcast on new audit and accounting standards
Subject matter experts from the national CPA firm, Reznick Group, will host a national webcast on Wed., Oct. 3, 2007, from 2-4:30 pm ET to present a detailed outline of new audit standards and explain new accounting requirements for implementing and maintaining internal controls within an organization.


Publisher’s Note

There's intriguing news this week from our friends at the Treasury Inspector General for Tax Administration as they point their far-reaching finger at taxpayers who might be using Schedule C on their tax return as a repository for claiming losses that more closely resemble hobby expenses. TIGTA reports that billions of tax dollars are at stake as the IRS attempts to find a way to determine what constitutes a legitimate Schedule C business.

Rob Nance
Publisher
publisher@accountingweb.com


Tech News

Business faces up to social networking
It's not just teenagers and bored employees who spend time posting on the likes of Facebook and MySpace to chat with their friends - more than a tenth of the sites' users visit them for business reasons, it has been claimed.

In-Depth News

Sales secrets: How to cherry pick your prospects
Many of us spend our time painstakingly researching who to ring in the cold calling process, only to 'filter' through them just as we're about to make the crucial call. Sales performance expert Andy Preston explains the underlying causes of this 'cherry picking' behavior, suggesting that sometimes the most unlikely call could be the one which results in big business.


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