Having trouble seeing this email? Click here to view it as a web page.
Click here to send a colleague a link to this newsletter.
Contact Us  |   ##mail##
December 9, 2010    
Brighten your day with this holiday video from Accountemps
Featured Sponsors
It Isn't About Surviving in a Global Market. It's About Succeeding There.
Give Your Clients a Whole New Level of Service with NetClient CS®
Tax Talk Today Launches New 2011 CPE Plan – 15 CPE Credits, $187.50
Publisher's Note
Rob Nance, Publisher With the upcoming break later this month for school-aged children, I told my kids the other night, "During your time off from school, you'll need to do a good bit of reading, some puzzles, and board games . . . you can't let your brains turn to mush." Of course, kids enjoy hearing statements like that from parents about as much as the infamous BB gun-related "You'll shoot your eye out, kid!" Still, we have to say it, don't we?

Accountants certainly have plenty of mental challenges on the job. However, fun, challenging mental stimulation is still always worthwhile. We have some dandy accounting crossword puzzles. If you haven't given them a try, check 'em out over the holidays. We'll have a new one each month in 2011.

Rob Nance

Practice Management - An Intuit Proline™ Solution
Top News
Obama strikes tentative deal to extend tax cuts, unemployment compensation
President Barack Obama announced a compromise with Republican congressional leaders to extend the Bush-era income tax rates for all taxpayers for two years, extend unemployment compensation for thirteen months, and cut payroll taxes for one year.
IRS will face ‘major challenge’ if Congress fails to extend tax breaks, AMT patch
The IRS has warned that although the agency's computers have been programmed to assume that Congress will pass a fix to the AMT, the computers do not assume that any other tax breaks that have already expired will be extended.
Deciphering key provisions of the Dodd-Frank Financial Reform Act
As regulators begin the rule-making process for the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), it is estimated that the act mandates nearly 250 regulations and 70 studies.
IRS announces increase for 2011 standard mileage rates
The 2011 standard mileage rates have been announced. Taxpayers can expect an increase in the allowance for business miles, and also for medical and moving miles.
IRS assists small employers claim new health care tax credit
The Internal Revenue Service recently released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year.
It Isn’t About Surviving In A Global Market. It’s About Succeeding There.
Thomson ReutersDesigned to help you seamlessly manage tax needs worldwide, the new ONESOURCE global tax workstation from Thomson Reuters can help you meet tax and statutory compliance dates, and maximize profitability. Learn how.
Featured Articles
Tax Foundation releases state business tax index
South Dakota's tax system is most welcoming to economic activity while New York's tax code ranks 50th as the least hospitable, according to the Tax Foundation's most recent edition of the State Business Tax Climate Index, which ranks the tax systems of the 50 states.
Renewed focus on professionalism
A frequently heard criticism is that Millennials/Gen Yers are short on what has been considered professionalism, a very significant attribute for succeeding in business and particularly in a professional service organization.
Deadlines set to take advantage of exclusion on gain from sale of qualified small business stock
A partnership or LLC that is expecting substantial appreciation in the next few years might benefit greatly from making the conversion to a C corporation by January 1.
Hobby or business? Tax preparer due diligence
This is the first of two articles about expenses incurred by clients who are engaged in an activity, and whether such activity can be considered a business or a hobby. In the first article, the scenario of a freelance writer is used to discuss the business vs. hobby issue.
NetClient CS: A Whole New Level of Service NETCLIENT CS®
Personal, private portals from Thomson Reuters give your clients access to documents and software, plus the ability to transfer data and information. NetClient CS portals are secure extensions of your own website, giving clients 24/7 access to your services. Attract new clients and strengthen your relationship with existing ones. They'll thank you. Learn more in the video.
Firm/State/People News
Abalos & Associates walk for autism awareness fundraiser
Employees and family members of Phoenix-based CPA firm Abalos & Associates, PLLC, recently participated in Arizona Walk Now for Autism Speaks, an event held to raise funds and awareness to support individuals affected by autism.
Social networking site for Canadian accountants launches
BeansTalk is a new online community designed to offer unique content and opportunities for Canadian accountants, financial planners, tax experts, and bookkeepers.
IRS, FBI seeking financial records of Florida Republican Party
The Republican Party of Florida has been served with a subpoena seeking financial records related to $500,000 in charges on American Express credit cards issued by the party.
Tax Talk Today Launches New 2011 CPE Plan – 15 CPE Credits, $187.50
Tax Talk Today
Take advantage of our Pre-Season Offer: 8 interactive webcasts featuring experts from the IRS in lively panel discussions with tax professionals about current and complex tax issues. For a limited time, you can earn 15 CPE credits during 2011 for only $187.50. Tax Talk Today is brought to you by the NAEA, Tax Analysts and Tax.com.
What do you have to say today?
Expect IRS visits to your client – and you!
The IRS is stepping up field collections. If you have clients in arrears, especially those who owe $10,000 or more without being on an installment agreement or with an offer in compromise in process, warn your clients to expect a visit.
State and local tax year-end planning
As your company or clients discuss year-end planning, I want to remind you that this is a good time to address state and local tax issues and opportunities.
Generally speaking, don’t use the word generally
Words to the wise: Watch every word, even an innocuous word like "generally," especially when that one word makes it sound like you aren’t exactly following the standards.
Accountants need a brand new bag
I have tried them all: the leather briefcase, the trendier attaché case, the bulky pilot's case, a funky back pack, and a messenger bag. All have their strengths, but which one gets your vote?
IRA conversion
Can someone contribute $5,000 in 2010 to an IRA and turn around and convert it to a Roth IRA since it can be withdrawn in five years without a 10 percent penalty?
Add your input!
Are Roth accounts subject to seizure in bankruptcy proceedings?
Share your suggestions!
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:
UBCC enhances payroll, accounting software with auto-fill and auto-populate features
Thomson Reuters reaches 2,500th download of Mobile CS smartphone app
SmartVault expands service with branded portal capabilities
Current Prime Rate
Practice Management - An Intuit ProLine™ Solution
Forward This Newsletter
To change your e-mail address, your password information, modify subscriptions, and update your personal profile information, please log in to AccountingWEB.com to manage your account.

Unsubscribe from Weekly News Analysis

Copyright © 2010, AccountingWEB, Inc. All rights reserved.
AccountingWEB.com, P.O. Box 2252, Westerville, OH 43086-2252

The AccountingWEB Portfolio includes:
AccountingWEB.com | GoingConcern.com | USBusinessForums.com | AccountingWEB.co.uk
Powered by: Sift Media Facebook LinkedIn Twitter