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This Week's News |
College Grads Earn More; Accountants' Pay Continues to Climb
Home Prices At 35-Year Low
Labor Costs Rise Fastest in Two Years
Skilling Sentenced; Worldcom Investors to Receive Payments
Microsoft Sees Big Numbers in Small Business Bookkeeping
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PRODUCT OFFER |
ACCOUNTING MARKETING TOOLS & TRENDS SURVEY RESULTS GIVEAWAY WINNERS
Capstone Marketing’s Accounting Marketing Tools & Trends Survey results can be purchased at
www.capstonemarketing.com
Congratulations to the following winners of Capstone Marketing’s Accounting Marketing Tools & Trends Survey results.
_________________________
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Donna Carmichael
Grant Thornton LLP
David Snyder
D.M. Snyder, CPA, PC
Kristine de Guzman
TADAccounting
Dyne Owens
Brownlee Business Services
Stephen Shupe
S V Shupe & Associates
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Audrey Godwin
The Godwin Group, PLLC
Tony Morabito
Morabito & Company, CPA's
Mark A. Serra
Yeo & Yeo CPAs and Consultants
Daniel Tirado
Michigan Business & Personal Tax Center
Dibra M. Kildow, CPA
Bennett, Kildow & DeJarnatt
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PAYMENT OPTIONS: CREDIT, DEBIT...CASH? |
You might have heard of businesses that have stopped taking cash.
Paying by credit card or plastic is becoming the norm, even as
dollar bills are defined as "legal tender for all debts, public
and private," according to Slate. The Federal Reserve measured
the amount of actual physical cash (M0) at $688 billion in 2004,
according to Wikipedia.
Private businesses can accept or decline cash for their goods and
services. They can also choose to accept goods or services in
lieu of payment. Barter is becoming an increasingly popular
method of commerce, with 20 to 25 percent of world trade
currently occurring under a barter system, according to the U.S.
Department of Commerce (D0C).
When another company wants to trade its goods and services for
yours, you agree on a price together, authorize the transaction
and the barter network system tracks transaction details for you.
Ezine Articles reports that statements for your barter activity
are generated monthly and a small commission is paid on the
amount of transacted barter dollars, similar to an interest rate
on a credit card.
There is no need to value or declare goods and services
transacted between network participants on income taxes, but they
must be valued at fair market value, according to Small Business
Notes. The fair market value must be recorded by each business
and reported on their taxes in the year the goods and services
were received. The costs incurred in performing the work
involving a business or trade, may be deducted.
For more on small business payment options visit: "Small Business
Payment Options: Cash and More", Click Here.
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PLANNING A WIRELESS NETWORK |
Flexibility is important to businesses today. They need to be
able to respond to changing external and internal needs quickly
and efficiently. One way many see of increasing their flexibility
is through the use of wireless networks.
When properly planned and implemented, a wireless allows a
business to add or reduce staffing, reorganize work flow and even
change locations with minimal interruption and expense. A
recently published white paper, "Planning A Wireless Network" from
ProCurve Networking by HP, explores three popular wireless
networking standards, IEEE 802.11b, 802.11g and 802.11a, along
with two Wireless Local Area Networks (WLANs), standalone access
points and centrally controlled coordinated access points. In
addition, the paper also looks at the forthcoming IEEE 802.11n standard.
Read "Planning A Wireless Network", Click Here.
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November 2, 2006
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