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April 15, 2010    
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Publisher's Note
Rob Nance, Publisher Dear Readers,

I invite you to read The Gleason Score. While this is certainly sad news for our friend Joel Ungar, a CPA in Michigan, itís also prudent and timely information. As you know, itís quite easy during Busy Season to let things slide, such as auto servicing, household improvements, and, most importantly, medical check-ups. Please read what Joel has to say and pass the link along to others who might benefit from this information.

Rob Nance
Top News
IRS continues audit trend away from large corporations and toward smaller businesses
IRS Audit The IRS has reduced the number of hours agents spend auditing corporations with assets of $250 million or more by one-third since 2005 and increased the number of hours spent on audits of companies with assets of less than $10 million by 30 percent.
Vendors take pity on taxpayers by offering free Tax Day goodies
If you act fast, you can take some of the stress out of Tax Day by collecting freebies all over town. Here's a roadmap to treats for taxpayers.
Federal income tax: Who’s paying and who isn’t?
About half of the households in the United States pay no federal income tax, thanks in part to tax credits, deductions, and exemptions.
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AuditWatch    Training available in-house or via public seminars in over 20 cities nationwide.
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Featured Articles
Court case could create an upside to severance payments
Tax Scrabble Severance pay has become an unfortunate fact of life for many companies and employees. But based on a recent court case, there may be some good news for both.
Intuit index: Wages, hours worked remain flat, supply of workers remains high
Small businesses continued to hire more employees in March, extending a trend that began in mid-2009, according to the monthly Small Business Employment Index from Intuit Inc.
HIRE Act affidavit form now available
Employers who hope to take advantage of a tax break signed into law last month must fill out a new form by the Internal Revenue Service to claim the payroll tax exemption.
Business Intelligence (BI) 101 for Accountants Indicee
   Find out how to transform your management reporting with business intelligence (BI) technology in this free, one hour webcast on Thursday, April 22nd. The webcast qualifies for 1 hour of CPE credit.
   Can't attend the webcast? Click here to receive the webcast recording.
Firm/State/People News
Wake Forest students win KPMG’s international competition
Wake Forest World Champions Competing against teams from around the world, a group of Wake Forest University students representing the United States won the KPMG Global Case Competition in Athens, Greece, last week.
Perkins & Co. organizes Taxgiving celebration
At Perkins & Co, a Portland, OR-based accounting firm, employees have been giving thanks for the end of tax season.
Accountant sues Craigslist for unflattering postings
Four million dollars. That's the amount ringing up on accountant Leo Kehoe's calculator these days. The CPA in Whitestone, NY, is suing Craigslist over several advertisements that called him a "crook."
What do you have to say today?
1040FU (and it's not what you think)
While at the HCLS conference in Missouri, Tom Hood of the Maryland Association of CPAs presented three of his fellow panelists with a bottle of 1040FU. What the heck is 1040FU? And no, it's not a bottle of F U.
A once-in-every-19-years coincidence
April 15 is, for Jews, the first day of the Hebrew month of Iyar. And on Rosh Chodesh (Hebrew for the new month), certain Psalms of Praise (namely parts of Psalms 114-118) are recited. That it is falling on April 15 this year is more than enough reason for me to recite ANY prayer or psalm of praise, thanksgiving, relief, thanks...you get the idea.
Publish articles, demonstrate value
I was speaking with an attorney recently who wanted to author some articles in order to showcase his expertise. He complained, though, that he didn't want to really "give away" important information.
I should've been an economist
Anyone with more than a mop for a head knows that Darwin's opinion on the evolution of life on this spinning olive is just a theory.
Kaplan Weekly Quiz
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