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This Week's News

AICPA Tries Again with Proposed Valuation Standard for CPAs

Erasing Enron: Federal Judge Vacates Lay's Conviction

AICPA Comes Out Against Tax Preparation Cost Estimates

More Restatements in 2006 for Smaller Accounting Firms

PCAOB Issues Fair Value Auditing Guidance



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THE 25 BEST MANAGED CPA FIRMS

Hundreds of firms participated in INSIDE Public Accounting's (IPA) Annual Benchmarking Survey. Only 25 were selected, based on fiscal and management performance, as the best managed firms of 2006.

"Everyone who runs a business knows that is takes a delicate balance of often conflicting factors to maximize performance and long-term sustainability of the business. These twenty-five firms are at the top of their game, and are operating in 'the zone' of exceptional performance," explains Michael Platt, Publisher of IPA.

For more on the Annual IPA Benchmarking Survey and the 25 Best Managed CPA Firms visit: "IPA Names Best Managed CPA Firms for 2006", Click Here.



IS VOIP RIGHT FOR YOU?

Thanks to the Vonage television ads, everyone is talking about Voice over Internet Protocol, or VoIP services. It is true that under the right circumstances, implementing a VoIP solution can be a good decision for small businesses. It is not, however, a decision without risks or one that should be made without asking some tough questions like:

- Do you have a dedicated IT person or an employee whose job it is to oversee the IT needs of the business?

- What type of telecommunications system does the business currently utilize and what features of that system are widely used?

- What features might the business use if they were available?

"VoIP and the Small Business", a white paper from Covad Communications, explores the potential benefits and risks VoIP systems pose for small businesses, as well as discussing how to turn the answers to the questions above, and others, into the right decision for your firm. Read it HERE.


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October 19, 2006











Something to think about:

We cannot really love anybody with whom we never laugh.

-- Agnes Repplier, Americans and Others, 1912





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North Central Door Company
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