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June 25, 2009

Publisher's Note
Right before "Saturday Night Live" debuted in 1975, Dan Aykroyd thought to himself, "If we die tonight, it's all over. I may as well get into the snowplow business." I suppose we've all had those moments, but perhaps not on that scale. This leads me to the question, "If you could not have a career in accounting or finance, what would you do for a living?"

Post your answer here.

Rob Nance
AccountingWEB, Inc.

Manufacturing Sales by Creating Uncontested Market Space
In the second McKonomics Podcast, I interview John Lloyd, President and CEO of MANTEC, who discusses why the manufacturing sector plays such a big part in our economy...

Trailblazer Brains on Fire: Interview on Trashing Timesheets
I - along with my father - had the pleasure of visiting Trailblazer Brains on Fire in Greenville, South Carolina. This is an amazing agency, which as of January 1st of this year trashed its timesheets....

My friend, Ross
Ross, a friend, and life coach-in-training, just called to say that he will be submitting my case study to his superiors next week for final review....

Economic Update
On Wednesday, June 23, President Barack Obama held a press conference at which he gave prepared remarks on the situation in Iran, and on legislation moving through Congress relating to clean energy and health care reform. During the Q&A that followed, questions were raised on these issues...

Questions & Advice

Righting a wrong

I discovered my employer was making discriminatory discretionary 403b contributions to one employee's 403b account to the exclusion of all other employees in direct contradiction to the plan document as well as ERISA & IRS law. I feel morally compelled to right this wrong. I have left employment with this organization. I need some advice on how to handle this.
Add your input!

Officer Pay for LLC

What issues are involved with owner officers receiving a salary with deductions in an LLC?
Share your suggestions!


Visit AccountingWEB's complete archives, and current quiz by following the links below:

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This week's CPA review

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Top News
Crystal Ball
CPAs are asked to voice opinions on today's economy

As part of an industry that is closely tied to and deeply affected by the nation's economy, CPAs have been provided an open platform by U.S. News & World Report to voice their opinions about the current economic recession, rapidly changing regulations and related financial topics. more >>
SBA starts emergency loan program
Short-term relief is in sight for small businesses that are struggling to survive. Starting last week, the Small Business Administration (SBA) started distributing deferred payment loans...
Wealthiest Americans are changing their spending, investing habits
U.S. economic woes and stock market volatility have prompted changes in the investment and social behaviors of high-net-worth Americans...
20% of companies eliminate 401(k) matching programs
A recent survey of U.S. companies finds that approximately 20 percent of all respondents report that they will eliminate the 401(k) match entirely....
Thomson Reuters
Just-in-Time Learning with Webinars and Audio Conferences

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• July 1: Form 990 Redesigned - Preparing the Core Form; 12:00 - 1:00 PM
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• July 14: HUD Update - What Changes Under the Revised Consolidated Audit Guide; 12:00 - 1:00 PM
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Featured Articles
Man counting on fingers CPA Practice Alert: Are you ready?

Management personnel of many smaller CPA firms have begun to look beyond media rhetoric and politicians' words to consider the potential impact of the economic and political environment on their firms and clients. Having an intuitive feeling that the economy may not improve for a few years, some are changing their normal methods of operation.
more >>
Why Marketing 101 lessons still prevail: A case study
A recent experience provided solid proof that much of what we need to know as marketers was covered in Marketing 101....
Planning engagements with going concern issues
Here are some practical questions accountants and auditors may wish to incorporate in the planning documentation of every audit and review engagement for the foreseeable future....
Workflow and Paperless Systems Boost Productivity

Whether its practice management software, conferences or webcasts, we are committed to providing relevant solutions and resources to the accounting practice of the future... Today. Learn how to implement a paperless system, integrate new work flow methods and improve how you work along with your bottom line.

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Firm/State/People News
Money Intuit announces winners of $20,000 grants

One plans to bring new services to a low-income Hispanic community. Another wants to revitalize a small town devastated by a tornado. A third plans to offer new job training to the unemployed. Yet another wants to assist those on the verge of financial disaster. more >>
PKF Texas accounting marketer inducted into AAM Marketing Hall of Fame
PKF Texas is pleased to announce that Karen Love, director, practice growth, was inducted into the Association for Accounting Marketing (AAM) Hall of Fame....
Pennsylvania CPA promoted to Schneider Downs management team
Schneider Downs & Co., Inc. announces that Ted M. Pettko, CPA has been promoted to Shareholder in the Pittsburgh office. The promotion is effective July 1, 2009....
CPE Link
Tax Only: Get Your Tax Updates Without Leaving the Office!

Stay on top of the tax developments that directly affect your clients and your practice with convenient live webcasts from CPE Link.

Quarterly Tax Update webcasts start Aug 7 and cover key developments from legislatures, tax agencies and the courts. These updates will emphasis those most relevant to individuals and small businesses. This series will help you stay on top of the constant change in tax guidance, build a stronger foundation for tax planning, and identify possible practice development areas. Earn 2 CPE hours for each webcast. Register now for all four CPE Link Tax Updates and save $50.
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