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December 10, 2009    
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Explore the Extensive Collection of GAAP and IFRS Titles from Wiley
Why Most Accountants Need a New Firm Website
December CPE Sale - Save 20%
Publisher's Note
Rob Nance, Publisher Are you engaging social marketing tools for business purposes? Many of you are probably using at least LinkedIn or Facebook or Twitter for business reasons, but why? Kirk Ferentz, football coach at the University of Iowa, doesn’t see the value. Many of you might not either. Ferentz recently commented: “If you see me with a Twitter account, hit me with a baseball bat. I don't think anyone cares if I have Wheaties or Honey Nut Cheerios.”

Michelle Golden is working with accounting firms all over the country on their social marketing strategies. Without question, firms--and individual accountants--are using these avenues to generate positive results on a variety of levels.

Everyone has an opinion about it. Are you like Kirk or are you like Michelle? Let me know how you are doing with it all.

Rob Nance
Top News
Did AIG pay its debt, or just disguise it?
How do you make $25 billion in debt to the American people disappear overnight? Ask the American International Group, better known as AIG. Just days ago, AIG owed the Federal Reserve Board of New York's credit facility $42 billion, and that was before interest and fees. Now with a little accounting magic and without paying a dime, that debt has been slashed to a mere $17 billion.
Global Innovation Tournament winners full of money-saving ideas
The Stanford Technology Ventures Program has announced 22 winners of a global competition that challenged student teams to come up with a way to make saving money fun.
AccountingWEB's holiday gift ideas for accountants
Accountants on your gift list? Shopping just got easier! Here at AccountingWEB we've assembled a list of thoughtful, interesting, and sometimes kooky gift ideas sure to please the accountant on your list.
Explore Our Extensive Collection of GAAP and IFRS Titles
Accounting standards are always changing, and your references need to keep up with them. Particularly this year, with FASB implementing a multi-year, multi-million dollar reorganization of the US GAAP standards in their codification, having the right information at your fingertips is essential. Wiley GAAP 2010 is fully updated to the new codified standards, and ready to ease your transition to the new system. View “The Accountant’s Gift List” now!
Featured Articles
Salisbury University takes first place in Goodman Accounting Challenge
A team from Salisbury University in Salisbury, MD was the winner in the eighth annual Goodman Accounting Challenge. Salisbury took home the honors for the second year in a row, earning the highest score among the five teams that qualified for the final round of the competition.
Make an offer that the IRS can't refuse
An Offer in Compromise is an agreement between the taxpayer and the government that settles a tax liability for payment of less than the full amount owed. It is essential to do the math before deciding to pursue an Offer in Compromise, else you will not only waste valuable time but may incur thousands of dollars in costs.
IRS extends food industry tip reporting program
The Internal Revenue Service has extended for an additional two years its program that simplifies the recordkeeping burden for reporting tip income in the food and beverage industry.
Why Most Accountants Need a New Firm Website
Emochila • Is there any reason presently why your clients should visit your website regularly?
• Did YOU visit your firm's website recently?
• Have you acquired any new clients lately from your website?
If the answers to these questions are "NO" – you need Emochila's help. Click here to learn more and request your free trial.
Firm/State/People News
Baker Tilly Virchow Krause merges with Beers + Cutler
Baker Tilly Virchow Krause of Chicago has merged with Beers + Cutler of Vienna, VA, in a move that adds 260 employees to Baker Tilly.
Two South Florida firms merge; Friedman expands NJ base
Two South Florida firms have become one: Miami-based Chaves & Armstrong, PA, and Daszkal Bolton LLP joined effective December 1 and are practicing as Daszkal Bolton LLP.
Pennsylvania accountant charged with embezzlement
More and more, the news is filled with reports of bookkeepers, accountants, tax preparers, and other financial advisors caught with their hands in the client's till - or the taxpayers' pocket -- in one way or another. Are tough financial times giving rise to more theft by those with access to cash?
Another bad accountant? Michigan man arrested on multiple schemes
If you can't depend on your accountant to be honest with the numbers, who can you depend on? Robert Denboer Jr., age 33, of Houghton Lake, Michigan is looking at 41 to 51 months in federal prison for various schemes that bilked clients out of more than $900,000.
December CPE Sale - Save 20%
CPE Link Do you need CPE hours in December? No problem. CPE Link offers live webcasts covering a variety of subjects. You can get your Federal Tax Update, A&A update, Excel or QuickBooks training, or maybe something on Small Audits or Risk Assessment. Special for AccountingWEB subscribers: CPE Link would like to offer you 20% discounted admission to one live webcast of your choice in December. (Use promotion code AWEB1209 when checking out). Offer expires December 31.
What do you have to say today?
Who should be involved in business development?
A fellow recently approached me at a conference I was speaking at and asked me about who in their firm should be involved in practice development. It was his opinion that only a handful should participate...
IFRS Roadmap Action Expected in Early 2010, SEC's Walter Says
In remarks at an AICPA conference earlier today, SEC Commissioner Elisse Walter noted: "We are, as always, carefully reading all of these responses — most of them, more than once...."
Federal Estate Tax Bill Passes House
This past week the House lawmakers approved the Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Bill of 2009. The legislation would permanently extend the current exemption for estates...
Tax Season is Coming - Things to do
You've been in business for a long time and you have your pre-tax season routine down pat, don't you? Yet, sometimes, don't you find yourself realizing that you overlooked a step?
AccountingWEB's 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. Over 200 accounting department policy templates available for immediate download.
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.
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