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November 24, 2010    
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Publisher's Note
Rob Nance, Publisher There’s the old joke about introverted accountants who stare at their own shoes during conversations – and extroverted accountants who stare at the shoes of the person with whom they’re conversing. Well, at least it’s not as cruel as most jokes about attorneys!

In the spirit of Thanksgiving, I offer some unusual conversation starters. Yes, I will be using these around the Thanksgiving table tomorrow!

• Former Broncos quarterback John Elway wears his own jersey when out in public in Denver. His   reasoning is that no one believes it’s him because people think there’s no way John Elway would   wear his own jersey.
• There are nine states in America where it is legal to own a tiger without possessing a license.
• Bob Dylan’s real name is Robert Zimmerman.
• Baby turkeys are called poults. Only male turkeys gobble and, therefore, are called gobblers.
• A dollar from 1950 is now worth only 12 cents.

Have a great holiday.

Rob Nance

Top News
Rep. Charles Rangel gets his day in court, faces an unexpected loss
Charles Rangel Rep. Charles Rangel (D-N.Y.) once again is in the news for ethics violations. For more than two years, Rangel, the former chairman of the House Ways and Means Committee, has been the target of an investigation involving a growing list of charges.
New Congress Part 1: Deficits, tax cuts, lame ducks
Following the November 2 elections, Republicans are taking the lead in the House and have strengthened their position in the Senate, which means there is much talk of permanently extending the Bush tax cuts.
New Congress Part 2: Health care, Form 1099, financial reform
With Republicans poised to take control of the House in just a few weeks, there is no shortage of speculation about what they will address. To study the possibilities, President Obama appointed a bipartisan commission to make recommendations.
SEC, Madoff associates settle civil charges
Associates of convicted fraudster Bernard Madoff and the U.S. Securities and Exchange Commission have agreed to settle civil charges.
SEC charges two Madoff employees with fraud
The U.S. Securities and Exchange Commission has charged a pair of longtime employees at Bernard L. Madoff Investment Securities LLC with playing key roles in the Madoff Ponzi scheme.
BV Pro? Get listed! BVR Expert Directory
Get listed! BVR’s Expert Directory is the best source for locating the nation's top business valuation experts. Visitors can search by area of expertise, geographic location, industry, keyword and more. You don’t have to be a “member” of any organization to be included in the Directory, you just have to be certified as having gone through the rigorous training that qualifies you to be a business valuation expert.
Featured Articles
Why Google’s local search results is an opportunity for small accounting firms
Google If you are a small local accounting firm looking to grow your business, you want to be found on Google when someone enters a search for an accountant in your area.
Class action lawsuit against QuickBooks a possibility
Several brief outages to Intuit’s QuickBooks Online and QuickBooks Payroll Subscription Service prompted a group of Dallas title attorneys to file a proposed class action against the company.
The first person you have to manage every day is yourself
The first person you have to manage every day is you. You want to be in a strong position at work. You want to take charge of your role in every relationship with every boss. It's just that there are so many factors beyond your control at work.
Increased motivation for whistle-blowing
New statutory and regulatory changes provide greater rewards to individuals who blow the whistle on fraudulent activities and to organizations that actively encourage an effective ethical culture.
Increase Profits on Small Audits
Larry PerryJust released! Larry Perry's Small Audit self study series. The on-demand webcasts in this self-study package provide a start-to-finish overview of how to plan and complete high-quality small audits efficiently. Based on audit philosophies that have been used by CPA firms for years, the material gives you a framework that can increase profits on small audits. One attendee of the live webcasts called the series a “real standards-centered eye opener.” Offered by AccountingWEB (in partnership with CPE Link). Earn up to 47 CPE hours for $359. Order today!
Firm/State/People News
Ernst & Young Gives $1M to UGA School of Accounting
Ernst & Young Ernst & Young has pledged $1 million to the Tull School of Accounting in the University of Georgia Terry College of Business. The Tull School of Accounting in Athens will designate two Ernst & Young Teaching Fellows in recognition of the pledge.
Actor Wesley Snipes taken into custody for tax evasion
Actor Wesley Snipes, known for his roles in White Men Can't Jump and Blade, has been taken into custody by federal authorities to begin serving three years in prison for failing to file income tax returns.
Company announcements: Week of November 22
Following is the latest roundup of firm news for the week of November 22, 2010.
Read Any Good Books Lately? Book of the Week
Have you discovered our Book of the Week section? Each week, we feature a different selection, ranging in topics from informative to funny, proactive to provocative. Whether you're looking for a lesson in "how to" from one of today's best-selling business gurus, or are just in the mood for a good book to curl up with, chances are we've got you covered. Check out this week's selection.
What do you have to say today?
The Firm of the Past – Part I
Since this blog is titled “Firms of the Future,” it’s probably time to define what we mean by that term. To do so, we have to look at what we call Firms of the Past. I will do that in this post, and then Part II will look at the business model for Firms of the Future.
Does anyone know what is really happening?
In the early days of the Second World War (September 1939 here in Europe), there were months of no significant action. This period was known as the phony war. We had declared war but nothing was really happening. Today we are not fighting each other, but we are fighting excessive budget deficits.
'Twas the week before Thanksgiving
Today, my friends, a bit of comic relief. Please, do feel free to improve on this by adding your own stanzas. The best addition will receive a copy of my new book.
Info on international accounting group please
A few years ago we were members of an international association of accounting and legal firms that had a global presence, but not in North America. This was a concern because we specialize in helping U.S. companies enter the UK market as their entry into Europe. We are seeking an alliance with a group that has a substantial North American membership.
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
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Wolters Kluwer Law & Business offers QuickCharts tool to track financial reform
Cougar Mountain Software announces CMS Professional 2011 is PCI compliant
UBCC announces one-step client payroll import from QuickBooks, Google Gmail Integration
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