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May 27, 2008


Highlights of the 2008 Public Accounting Report's Survey of National Firms
The Public Accounting Report's National Survey of Firms shows, overall, business was good, and not just for the Big Four but also for the next tier of firms. For the third consecutive year, the PAR Survey revealed double digit composite growth - 10.6 percent - for 2008, though it's also the second year in a row that the rate has dipped. In terms of dollars, revenue increased by increased $3.39 billion to $35.38 billion.

AICPA applauds House passage of tax provision essential to CPAs
The U.S. House of Representatives passed a bill that includes a provision the accounting profession and the American Institute of Certified Public Accountants have supported that would equalize the tax return reporting standards for tax preparers and taxpayers.

12 Tips to help small retailers thrive in a recession
In a tight economy, consumers will be less apt to make impulse purchases and more likely to spend time researching purchases in order to find the best value. So, how do you, the small retailer, make sure your customers continue shopping at your store during tough economic times? Here are 12 ideas to consider.

Small Business News

How to stay motivated day in and day out
It's 8am on Monday morning. You had a great weekend and wish it didn't have to end. Last week was finished with a bang but today you just don't feel the same motivation to win.


What have you got to say today?

Michelle Golden:
Golden Practices
10 Ways to Specialize

It's one thing to say we specialize and it's another thing to do it. Here are 10 ways to prove you have a specialty and to maximize it....

Allan Boress, CPA:
Truth Be Told About Business Development Blog
Marquee Clients: Are They Worth It?

One of the best and fastest ways to build the quality practice - or industry niche - is by recruiting marquee clients. However, many of the CPA firms I have consulted with over the years felt marquee clients weren't worth it. Who are your marquee clients? How do you parlay them into more successful marketing and better quality opportunities?

Featured Book

Grow Now
by Jim Welch, Bill Althaus
Jim Welch has built a powerful growth leadership model. It follows 8 well-defined steps that are independent and interlocking. "Grow Now: 8 Essential Steps to Flex Your Leadership Muscles" combines a dynamic, interactive, casual and fun writing style with Welch's personal insight and experience as THE Practical Growth Leader.

Editor's Note

The weather couldn't have been nicer for the 92nd running of the Indianapolis 500 this weekend, and the winner, Scott Dixon, ran a classy race. But classiness begins to break down when you look behind the lead car to the finger-pointing and other attempts at trying to place the blame on who prevented whom from winning, placing, or finishing the race. Instead of accusing others of getting in our way, moving too slowly or too quickly, or lacking the necessary experience to make it to the finish line, we can all get along a little better if we take responsibility for our own actions, including the actions of responding to something unexpected that prevented us from achieving our goal. Meanwhile, this week my computer monitors are being visited by a swarm of flying ants. I'll figure out a way to deal with it.

Gail Perry, CPA
Managing Editor

Firm/State News

AICPA names recipients of 2007 Public Service Award
Michael D. Shmerling, CPA (inactive), of Nashville, TN, and Schenck Business Solutions of Appleton, WI, each received the 2007 Public Service Award from the American Institute of Certified Public Accountants. Shmerling received the individual award. Schenck Business Solutions earned the firm recognition award.

Student News

Business students accept the SIFE challenge
The University of Arizona Students in Free Enterprise (SIFE) team was named United States National Champion in the four-year division at the SIFE USA National Exposition competition held in Chicago May 13- 15. Arizona SIFE team members will represent the USA at the SIFE World Cup in Singapore this October. Blue Ridge Community College was victorious in the two-year division. Over 3,200 business students from more than 140 SIFE teams participated in the national competition.

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