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July 9, 2009

Publisher's Note
We're having fun in and out of the AccountingWEB fortress this summer. You'll soon see a new look for AccountingWEB. It will take time this summer, but by Labor Day we'll be in tip-top shape, serving you even better. We'll also remain FREE to you, as we continue to deliver excellent results to our advertisers. Thank you for using their products and services!

Another summer note...Gail Perry and I recently participated in the Maryland Biz Expo. The Maryland Association of Certified Public Accountants does a fantastic job. Truly innovative and forward-thinking.

There will not be a Weekly News Analysis next week. Stay tuned for our upcoming changes and continue to tell us how we can improve. We do this for you!

Rob Nance
AccountingWEB, Inc.

Waving a Magic Wand - What Would I Wish For?
As one of the Bloggers Crew bloggers, I have been recently asked if I could wave a magic wand over the accounting industry, what would I wish for?

Linking with the VLOOKUP formula
Lately, there's been a lot of brew-ha-ha concerning the IRS enforcement on the treatment of personal usage on business cell phones.

Please Stop Capitalizing "Firm"
You work in a firm, not a Firm. I think the reason accountants and lawyers excessively capitalize has to do with legal documents...

The Economic Crisis and its Effect on the EU and Germany
Last week, McKonly & Asbury hosted an educational breakfast session on the subject of doing business in Europe with a special emphasis on Germany...

Questions & Advice


Can someone please tell me how the ACCA qualification is viewed in the U.S.? I'm searching for this online but there's very little information, so I would appreciate your responses.
Add your input!

Pre-trades on equipment

Need to know how you would set up accounts for a pre-trade in on some equipment that can be sold before the original equipment comes in.
Add your input!


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

E-Newsletters, Supplements, and Audio Features

This week's CPA review

Featured links
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Everything in this e-newsletter is created with your needs in mind,
assisting you with information and choices for your accounting life.
Top News

Who's your daddy? The Fed expands its role in your personal life
Some call it consumer protection. Some say it's necessary because government regulation has broken down and failed us, even though some who are expressing that opinion were heavily involved in the breakdown. Others see it as an ever-growing insult by the federal government, telling us that we are not smart enough to make good decisions. more >>
Obama's proposed watchdog agency designed to reduce your risk
"Consumer protection will have an independent seat at the table in our financial regulatory system," says Treasury Secretary Timothy Geithner...
Online retailers Amazon, in tax dispute with states
Soon after dropping its California and Hawaii-based marketing affiliates over online tax issues, reversed its decision...
IRS Webinar addresses Office of Professional Responsibility
The next installment of the Internal Revenue Service's Tax Talk Today will discuss "OPR: A Balanced Approach," featuring the agency's Office of Professional Responsibility...
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Featured Articles
Client retention dominates AICPA's Top Issues Survey
The most significant challenge facing CPA firms of all sizes across the nation today is client retention, an indication of how the economy is affecting business practices for accountants and other professional service providers, according to the American Institute of Certified Public Accountants' 2009 CPA Firm Top Issues Survey. more >>
Computerized CPA exam reaches one million mark
The computerized Uniform CPA Examination has achieved one million administrations...
Customer success stories speed the sale
Marketing and Sales worked hard to find the opportunity and close the deal. The people in Operations knocked themselves out...
CCH - a Wolters Kluwer business
Upcoming CCH Audio Seminars
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CCH's live, two-hour interactive audio seminars require nothing more than a telephone connection. One low fee covers an unlimited number of listeners. Support materials are included. Earn CPE while you learn.

Multistate Income Taxation: Individuals and Passthroughs  -  July 14
Income Taxation of Trusts and Estates  -  July 16
FIN 48 For Private Companies: Implementing the Reporting Requirements for Non-Public Entities  -  July 30

Firm/State/People News
The University of Memphis Memphis CPA honored by University of Memphis
William H. "Bill" Watkins Jr., Founding Member of Memphis-based Watkins Uiberall, PLLC Certified Public Accountants, has recently been recognized by the University of Memphis when a classroom was named in his honor in the Fogelman College of Business and Economics. more >>
Kevin Mitchell elected president of Pennsylvania Institute of CPAs
Kevin M. Mitchell, a certified public accountant from Harrisburg, PA, was elected 2009-2010 president of the Pennsylvania Institute of Certified Public Accountants...
Texas Society of CPAs announces new officers
El Paso certified public accountant Kym Anderson was recently elected chairman of the Texas Society of Certified Public Accountants...
IMA elects John M. Brausch as new chair
The Institute of Management Accountants has announced the election of John M. Brausch, CMA, CFM, CPA as Board of Directors Chair for the 2009-2010 fiscal year....

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