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October 22, 2009    
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Publisher's Note
Rob Nance, Publisher Word has it from many of our readers around the country that they have secured new office leases this year--renegotiated current spaces and moves to new digs. Even markets that are doing well (in comparison) with commercial property occupancy rates, such as Houston and Washington D.C., are only reporting three-percent average increases over last year.

Even if you don’t deal with these matters, in general, it’s still a good time to find better deals before the media announces that the economic storm has passed (when everything will go up!). A CPA in Colorado told me today that he recently renegotiated his office copier upgrade, changed his auto lease without penalty and got an unheard of deal on his mobile phone contract revision. These are wild times.

Rob Nance
Top News
Brouhaha erupts over PwC private health insurance report
Insurance Claim Form PricewaterhouseCoopers has found itself at the center of a controversy over its estimates of cost increases in private health insurance premiums if certain provisions of the heath care reform bill passed by the Senate Finance Committee become law. PwC was engaged to conduct the study, "Potential Impact of Health Reform on the Cost of Private Health Insurance Coverage," by the American Health Insurance Plans.
Will the housing credit expire as planned on November 30th?
As the home buyer credit moves toward expiration, it is getting mixed reviews. Realtors and some economists are saying it did exactly what it was meant to do... stimulate recovery. The credit, they say is directly responsible for several hundred thousand home sales.
Cash for Refrigerators program might not be ready by Christmas
If the federal government has its way, they will soon roll out a program that is unofficially being dubbed "Cash for Refrigerators." It's kind of a redo of the Cash for Clunkers program, designed to boost the appliance manufacturing industry and increase the nation's energy efficiency.
Weigh tax-favored health plans for clients
As the debate over health care reform continues, there’s no reason why your clients can’t take matters into their own hands.
Featured Articles
Prince Charles asks for help from U.S. accountants
The Prince of Wales has called on the U.S. CPA profession to take a leading role in helping develop the tools and information necessary for companies to embed sustainability issues effectively in their day-to-day operations and decision-making and to report sustainability performance in a more clear, concise and connected way.
AICPA announces 'Start here, rock out' iPod sweepstakes for students
The American Institute of Certified Public Accountants has announced a "Start Here, Rock Out" iPod sweepstakes designed to encourage high school students to complete their FutureMe profiles on Start Here, Go Places, the interactive Web site created by the AICPA to inform students about exciting career opportunities in accounting.
CPAs offer five-step retirement saving plan
October 18-24 is National Save for Retirement Week. There are so many goals vying for our savings dollars - the emergency fund, a car, a house or a college education - that already hurting retirement plans may be shortchanged. The Illinois CPA Society recommends taking these five steps to evaluate your retirement savings.
Taking steps to running a paperless office
For many accountant professionals the idea of running a paperless office is actually a "paper tiger." The belief is that too many aspects of the profession are based on "paper and pencil" techniques, and therefore, there are many accountants unwilling to make many changes in this arena. While understandable indeed, the basic ideas behind this concept are to lower costs, reduce the amount of clutter caused by papers, envelopes, and files, and generally streamline office efficiency. Here are some ideas that can get you started in helping to make your office life a little less cluttered and more organized.
Boost Your Excel Skills with Focused Excel Training
CPE Link AccountingWEB, in partnership with CPE Link, is pleased to offer an extensive series of webcasts covering Excel topics from Excel expert David Ringstrom. Starting October 22, these focused sessions will cover a variety of Excel skills - designed to help you use Excel more effectively. You'll learn more about: automating financial statements, using macros, using advanced formulas, pivot tables, speed tips and more! Each webcast qualifies for 2 CPE hours. As with all CPE Link live webcasts, you'll enjoy having access to these recorded webcasts for three months--enabling you to review and reinforce the material after the live presentation. View David Ringstrom's webcast schedule.
Firm/State/People News
Crowe Horwath interns collect thousands of items for charities
Oakbrook, IL-based Crowe Horwath LLP has announced that its summer interns collected more than 3,500 books, toys and shoes to benefit charitable organizations across 15 communities in eight states.
Robert Harris elected as new chairman of the AICPA
Robert R. Harris, CPA, who served on both the board of directors and governing Council of the American Institute of Certified Public Accountants, has become the Institute's chairman. His term is one year.
Robert Denham, William Ezzell receive AICPA awards
Robert E. Denham is the recipient of the AICPA 2009 Medal of Honor. William F. Ezzell is the 2009 recipient of the Institute's Gold Medal Award for Distinguished Service.
What do you have to say today?
Cover Letter Blues
Reading all the resumes was depressing. We're hiring a new manager and I was going through a stack of them with the human resources consultant. The resumes looked remarkably similar and there wasn't a decent cover letter in the pile.
Do We Really Have to Plan Small Audits?
We used to do our audit planning in the back seat of the car on the way to the client’s office. I once worked for one partner who planned the audit of a bank located in our office building as we rode the elevator to the first floor!
Indiana: Court Case, Law Change, Refund?
In February 2008, the Indiana Tax Court ruled that income received by a nondomiciliary S corporation received from its membership interest in an Indiana LLC did not constitute adjusted gross income from sources within Indiana. Hence, the S corporation was not required to withhold Indiana personal income tax for its nonresident shareholders.
Make Something Happen!
A few years ago I was talking to the managing partner of a terrific CPA firm in the St. Louis area. He was asking for marketing advice. When I asked what he found to be most successful, he said, “whenever I am out of the office, something good always materializes."
Q & A
Departmental Accounting
Can 1 invoice be assigned to 3 different Revenue Streams: I already have 2 (Projects)? How is Departmental Accounting working?
Add your input!
Effective Yield Calculation
I have to do accounting for bonds on an EIR basis adjusting the treatment on a Capital/Income basis. Does anyone know of any software that can handle this?
Share your suggestions!
Kaplan Weekly Quiz
Kaplan Are you prepared for the CPA exam? Test your knowledge and keep your skills sharp by taking the weekly CPA Exam Quiz, brought to you by Kaplan Schweser CPA Review and AccountingWEB Education & Careers Zone. New questions will be posted for each section weekly. Take this week's quiz.
New edition today! Good wholesome ACCOUNTING humor! See our latest edition of this soon-to-be award winning series. We're just not sure yet which award that might be.
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