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April 16, 2009

Publisher's Note
Accountants relish the opportunity to converse with one another, whether it’s about financial topics of the day or simply finding out what other accountants are doing at firms and corporate accounting departments around the country. AccountingWEB offers numerous avenues to connect with the accounting community: Questions & Advice, Bloggers Crew, posting comments to articles, stories, etc. Well, now we offer MyAccountingLife. Please sign-up and participate.

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Monitoring Yourself or Your Company Online

The Value of Forming an Advisory Board

Catch the Wave: Client Data is Becoming Cloud-Bound

Tax Day Doings

Questions & Advice

Corporation shareholder distributions

I use QuickBooks Pro 2009 and need to set up distributions to corp shareholders. How do I do this?
Add your input!

Tax account

My goal- to get the tax money for payroll out of our main checking account weekly, instead of waiting to pay it when due. Is it okay to set up a bank "checking" account for this to keep money separate without actually opening an account at the bank? Like a holding account, and then transfer it back to main account when the payment is due.
Share your suggestions!


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Top News

AIG's long reach: The ripple effect on the travel industry

If the AIG debacle seems to have calmed down while Congress is in a long spring recess, think again. The ripples are being felt everywhere. The Los Angeles Times reported this week that U.S. companies have canceled about $1 billion worth of conferences already this year, further battering the hospitality industry which was already suffering the effects of the weakened economy.
more >>
AICPA poll uncovers major concerns of Americans
Castroneves tax trial diary - Jury deliberates; mistrial motion denied
Teach Children to Save Day Is April 21
NEW! Accounting & Compliance Alert: Private Company Accounting & Auditing Update

Our on-site reporters deliver breaking news from FASB, AICPA, IASB, and the IRS and more - keeping you on top of critical accounting & auditing issues you need to know as they happen. This state-of-the-art daily news service keeps you fully informed about new accounting and auditing issues affecting your private company clients.

Only on Checkpoint®
Featured Articles
Not all pink slips come from Victoria's Secret

If it's all over but the crying, may as well have a party, right? Especially if the party might lead to a job. A pink slip party is what they're calling it... and no, it has nothing to do with Victoria's Secret. more >>
FASB chairman says final revisions to Statement 157 reaffirm fair value
Anti-tax tea parties protest taxes and spending
Have you been scammed? IRS publishes list of 'Dirty Dozen' tax scams
Involve the younger generations in succession planning
Free Accounting Magazine Subscriptions and Accounting Software Downloads

Browse through our extensive list of free Accounting magazines, white papers, downloads and podcasts to find the titles that best match your skills and interests; topics include accounting, accounting software, taxes, audits and more for accountants. Simply complete the application form and submit it. All are absolutely free to professionals who qualify.

Bill Isaac, former FDIC Chairman, on Mark to Market Accounting
William "Bill" Isaac, former Chairman of the FDIC and current Chairman of the Secura Group a division of LECG, speaks in depth on his testimony to Congress and views on mark to market accounting, the recent FASB announcement, and briefly on the issue of systemic risk regulation. Geoffrey Manne of Lewis & Clarke Law School conducts the interview.

Download the interview from Channel 21
Firm/State/People News
April 15 tax day - late night jokes

A roundup of late night comedy show tax jokes that aired this week, including jokes from Jay Leno and Jerry Kimmel, and a new Top Ten List from David Letterman: Top Ten Things I've Learned From Being An Accountant more >>
Parente Randolph expands into New York metro region
New York area accounting firms announce merger
CPE Webinars by David Ringstrom, CPA
Save big money when you register for multiple sessions

For information on more upcoming webinars, visit the links below:

Creating Error Proof Spreadsheets
Thursday, April 23

Excel Speed Tips
Tuesday, April 28

Mastering Excel Pivot Tables
Tuesday, May 12

SQL for Excel Users
Tuesday, May 19

Excel 2007: Filtering and Formatting Data
Thursday, June 4

Easing the Transition to Excel 2007
Thursday, June 11

Automating Excel-based Financial Statements
Thursday, June 18

And Many More... Click here to see the full season.

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