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November 18, 2010    
Brighten your day with this holiday video from Accountemps
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Perfect Your Performance – New PPCís SMART Practice AidsTM — Field Work
Itís Time for Your Federal Tax Update!
A Plethora of Policy Templates
Publisher's Note
Rob Nance, Publisher Manufacturing, distribution, construction, exporting, and the automotive industry have long been considered the fabric of America. With all of these sectors suffering greatly in recent times, the impetus for innovation abounds. The next Thomas Edison was probably downsized within the past two years!

Regardless of how you feel about the election results, there are indicators that itís not all doom and gloom for the coming year. The most interesting and exciting news, I think, is that we have recently been hearing promising statements from accountants across the land. With most of the AccountingWEB audience being CPAs and accountants at small public accounting firms, itís been encouraging to hear that their heart-and-soul accounts are building up a bit of steam. As you know, for many of these small accounting shops, a fair chunk of the business client base is either in, or heavily tied to, the fabric of America. Doesnít every small public accounting firm have a tool-and-die shop for a client?

With Thanksgiving rapidly approaching, perhaps we all can give thanks for better times that are right around the corner.

Rob Nance

Top News
Thousands of not-for-profits could have tax-exempt status revoked
Now that the October 15 deadline has passed, as many as 400,000 not-for-profit organizations could be in danger of losing their tax-exempt status.
H&R Block takes HSBC to court to save RALs
H&R Block clients accustomed to receiving Refund Anticipation Loans (RALs) might be disappointed this tax season because the only bank that underwrites these loans for the company, HSBC Bank USA, might pull out of the program.
Pass, fail, or adapt: How to respond to changing DCAA audit rules
The Defense Contract Audit Agency, the agency which audits Department of Defense contracts, changed the rules last year to make its audits very simple: you pass or you fail.
Perfect Your Performance – New PPC’s SMART Practice AidsTM — Field Work
 ReutersPlan and execute the entire PPC audit process - including the performance (or “field work”) within the SMART Suite. New tools and features include: SMART Navigator, Engagement Dashboard,and SMART Audit Program Design. Isolates audit steps and identified risks, helping you avoid both over-auditing and under-auditing. Call today to find out how SMART your firm can be. 1.800.950.1216 - ria.thomsonreuters.com/fieldwork
Featured Articles
Stress management tips for better work/life balance
Stress is the biggest killer in the Western world, destroys relationships, and damages productivity. The following stress management tips have been put together using an integral framework, so they include physical, psychological, social, and environmental factors.
Virginia CPA society offers free financial literacy calendar
The Virginia Society of Certified Public Accountants’ award-winning Financial Fitness Calendar is now available for the 2011 calendar year.
Thomson Reuters Tax and Accounting asks the question: "r u ready?"
Approximately 800 accounting professionals from around the country gathered recently in Washington, D.C., not to try to lobby Congress or push a tax agenda, but to learn and absorb tools and tips from the mother ship, Thomson Reuters Tax & Accounting.
Legal showdown between Roni Deutch, Jerry Brown heats up
Heading into the next tax season, California Attorney General and Governor-elect Jerry Brown is still dogging “Tax Lady” Roni Deutch with fraud charges.
It’s Time for Your Federal Tax Update! Vern Hoven
Get up to speed on this year’s tax changes with Vern Hoven’s highly-rated Federal Tax Update webcasts from CPE Link. Delivered in four 4-hour sessions, this multi-media presentation is team taught by practicing CPA Vern Hoven and EA William Roos. You get down-to-earth tax materials covering new tax developments that affect individuals, estates, businesses, partnerships and corporations. This live webcast format is the most economical and convenient way to get your tax update this year. Sessions offered November-January. Register today!
Firm/State/People News
Lewis & Knopf acquires Shayna Accounting
Lewis & Knopf CPAs, PC, this week announced that it has merged with Ann Arbor, MI-based Shayna Accounting, CPAs PC. The Ann Arbor location will be known as Shayna, Lewis & Knopf, a Division of Lewis & Knopf.
Citrin Cooperman acquires firms in New York, New Jersey; may acquire more in 2010
Citrin Cooperman this week announced that New York-based Wlodinguer, Erk & Chanzis and New Jersey-based Rose, Dratch & Gilbert have joined the regional accounting and business consulting firm.
Filomeno & Co. turning audits into profit centers
Filomeno & Company, a West Hartford, CT-based CPA and business advisory firm, is turning financial audits into profit centers.
Company announcements: Week of November 15
Following is the latest roundup of firm news for the week of November 15, 2010.
A Plethora of Policy Templates
Policy Templates
AccountingWEB is pleased to bring you tools that can help systematize the accounting department of a small company, corporate business, or a public accounting firm. We offer over 200 accounting department policy templates and each is available for immediate download. No CDs to buy! Immediate access to the topics of your choice. Check us out now and download "Travel and Business Expense Reimbursement" FREE!
What do you have to say today?
Diffusing conflict in the workplace
As professionals, we face this more often than we like. It makes us uncomfortable. It stirs up lots of emotions. It distracts us and can make us significantly less productive. What is this thing? It is workplace confrontation.
Accounting is the No. 1 hot career
As I'm jumping around Yahoo to catch up on some news, I see a caption that reads, "Seven hot careers through 2018." Intrigued, I click on the story to see what the hot careers are.
LinkedIn tips for accountants
Despite my views about some other online social media, I actively encourage accountants to register on LinkedIn even if they intend on doing nothing else there. It's the only online networking site where you can benefit from simply having a decent profile online.
Arizona "surveying" Internet retailers?
Arizona appears to be sending "surveys" or "nexus questionnaires" to companies. The notice says they are conducting a survey of companies who have Web-based sales within Arizona.
Kaplan Weekly Quiz
KaplanAre 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.
Latest industry news
Click the link above to find out what's going on among our advertising partners — or check out the stories below:
Thomson Reuters launches global tax software workstation
ExpertBids.com offers new way to find a lawyer, accountant, or consultant
Universal key discovered in accounting for all businesses
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Enter the QuickBooks 2011 Give-Away
Crossword Puzzle - November Edition
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