October 14, 2008
Editor's Note
The recent economic downturn has most people pretty confused. We'll continue to address related issues of importance to accountants in the weeks to come. But in the meantime, it might just be the small things that count. Check out this week's story on promoting your business on YouTube for some quick insights on the usefulness of this site for entrepreneurs. Also, take a look at Bruce Katcher's tips on the advantages of operating a business from home. Changes to the economic Big Picture might seem out of your control, but looking for ways to improve your own business is always a good idea.

Best regards,
Gail Perry, CPA
Managing Editor

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Featured Book
The Five Dysfunctions of a Team: A Leadership Fable

by Patrick M. Lencioni
After her first two weeks observing the problems at DecisionTech, Kathryn Petersen, its new CEO, had more than a few moments when she wondered if she should have taken the job. But Kathryn knew there was little chance she would have turned it down. After all, retirement had made her antsy, and nothing excited her more than a challenge. What she could not have known when she accepted the job, however, was just how dysfunctional her team was, and how team members would challenge her in ways that no one ever had before.

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Top News
U.S. business owners' pessimism at all-time high

Energy prices, recession, and credit availability are among the biggest concerns for U.S. business owners, whose pessimism is at an all-time high in the history of the PNC Economic Outlook survey.
more >>
IRS offers guidelines for hurricane grant tax issues
SEC to study mark-to-market accounting
Small Business News
Publicize your small business with videos on YouTube

Many people view YouTube solely as a resource for wacky practical jokers looking to post humorous video clips of their latest exploits. But for entrepreneurs, the Web site can also form a key part of marketing strategies. Steph Williams, project administrator at the National B2B Centre, explains how YouTube can benefit your business.
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New SBA site geared toward Baby Boomers
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Firm/State/People News
A Conversation With... Valerie Wendt: Trends in accounting education

AccountingWEB asked Valerie Wendt, product manager for Bisk Education, Inc., to discuss trends in accounting education. Bisk offers online CPE courses through CPEasy and CPA review courses that have helped more than 140,000 candidates pass the CPA Exam since 1971.
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Boston CPA firm goes hands-on to make a difference in the community
SEC charges New York execs with accounting fraud
Tech News
Excel 2007: Filter vs. AutoFilter

Filtering is a powerful, but often overlooked feature in Excel that enables you to hide unneeded data within a list. Earlier versions of Excel referred to this as AutoFilter, and tucked it way under the Data menu. Excel 2007 brings this feature to the forefront, both with the prominent Sort & Filter button in the Home tab of the ribbon, and the large Filter button on the Data menu.
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Microsoft prepares for announcement of new Cloud operating system
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Questions & Advice
Energy Credits
A company that proposes to install solar panels has computed the amount of the credit based upon cost before any rebates that are offered. In my experience, rebates reduce basis and therefore, reduce the amount of the credit. Are you allowed to treat the rebates as other income rather than reduce basis?
Add your input!

Check entering complaints
When entering checks in Microsoft Accounting, the current date always pops up, which means you have to type in the complete date for each check unless it happens to be the actual date. Also you cannot type in whether it is a check or an EFT, and you have to type in each check number, there is no automatic next number. If someone can help me change the defaults, please do it.
Share your suggestions today!
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