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MARCH 11, 2008


Keeping a lid on compliance costs
The positive aspects of the raft of new accounting and financial reporting regulations are numerous. In a recent Deloitte survey, companies report they have a far better understanding of their chief risks and associated control mechanisms than just a few years ago. In addition, companies say internal controls are now far stronger, with the likelihood of material misstatements moving forward greatly reduced.

IRS investigates Obama's church
The Internal Revenue Service has begun an investigation into the tax-exempt status of the United Church of Christ, the church that Senator Barack Obama (D-IL) attends, over a speech Obama delivered at the UCC's 2007 General Synod in Hartford, CN last June.

Health care costs daunting for new retirees
With the oldest baby boomers turning 62 - that magic age when they can start collecting Social Security checks - the call to retire grows stronger. A new study suggests they might want to ignore that voice in their heads.

Firm/State News

ASPPA opposes Connecticut 401(k) legislation
The American Society of Pension Professionals & Actuaries opposes legislation in Connecticut that would create a state 401(k) plan for small businesses. Michael E. Callahan, a past ASPPA president and founder of Pentec, one of the largest pension firms in the state, said legislators should not kill a robust 401(k) system in Connecticut by creating an expensive state bureaucracy.


What have you got to say today?

Allan Boress, CPA:
Truth Be Told About Business Development Blog
The Quality Service Two-Step

What does it take for the client to perceive quality client service? Look to your own lives and pay attention to how people take care of you as the customer or buyer....

Michelle Golden:
Golden Practices
What Happens When People Are in Your Lobby?

It happened again. I was visiting a new client (a CPA firm). No one knew me yet. The receptionist was fine. Greeted me as one would expect. I was a little early so I expected to wait. She asked if I needed anything and made sure I was comfortable. Then she continued her work...

Editor's Note

Is this winter ever going to end? I don't know about you, but I live in Michigan where the ground has been white since November. I guess this snowy blanket is good for the little plants that are hibernating underneath, but I'm pretty tired of hibernating myself. Not that I'd have time to go outside and enjoy a nice spring day - not until after mid-April at the earliest - but a little green outside my window would be a welcome sight.

Gail Perry, CPA
Managing Editor

Tech News

Were accountants responsible for the dotcom bubble and burst?
A discussion has surfaced on our UK sister site,, regarding to what extent did involvement, or lack thereof, by members of the financial profession, contribute to the dotcom boom and bust.


Kernutt Stokes Brandt & Co. LLP introduces Catalyst Technology Group
The Eugene, OR-based public accounting firm of Kernutt Stokes Brandt & Co. LLP (KSBC) recently announced the launch of its new Network Services division, Catalyst Technology Group (Catalyst).


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