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December 23, 2008
Editor's Note
You remember the song, The Twelve Days of Christmas. Here at AccountingWEB, we're offering our alternative from a financial perspective, The Twelve Days of Tax Savings. We've provided twelve useful pre-year-end tips for cutting your tax dollars. Enjoy the ditty, feel free to sing along. Meanwhile, we wish you all a happy, healthy, and peaceful holiday season.

Best regards,
Gail Perry, CPA
Managing Editor

Rollercoaster Market
Appraisers or Tax Preparers?
Textual Variants
Obama Announces Schapiro As His Pick For SEC Chair

Questions & Advice
Selling shares to employees

I am with a private company, setting up a subsidiary in the U.S. Is it common for a private company to give employees shares? Are there some approvals in a private company context, that require unanimous shareholder approval under corporate law? What I am getting at is here we give employees shares, but if you let them go, then they block things.
Add your input!

Banking in the U.S.

I am with a Canadian company setting up business in the U.S. Is it common for a U.S. bank to margin receivables at 75% and inventory at 50% for an operating line?
Share your suggestions today!

Top News
Preview of the CPA exam of the future

The American Institute of Certified Public Accountants' (AICPA) Board of Examiners (the Board) has approved CBT-e, a multi-year project for Uniform CPA Examination improvements, and work is currently underway in content-related, operational, psychometric, and system areas toward the CPA exam of the future.
more >>
Tips for getting more out of meetings
U.S. distribution companies face strategy changes
The power of one: Try something different this year
Firm/State/People News
IGAF Firms Interview with Berntson Porter & Company, PLLC

Rick Fisher, CPA, agreed to talk with AccountingWEB about Bellevue, Washington-based Berntson Porter & Co., PLLC, one of the state's top 100 fastest growing privately held companies, which specializes in serving wineries, as Washington is the second largest wine-producing area in the country.
more >>
UHY Advisors announces promotion of Heather Bearfield
Tennessee firm adds staff accountant
MBK affiliate adds new financial planner
Tax News
Additional education tax credits available for some students

For certain students and the parents of certain students, there could be additional tax relief available on their 2008 tax return in connection with tuition paid by December 31, 2008.
more >>
Humbug! IRS tells senior citizens to end year with retirement withdrawal
Highlights of CCH Seminar: Preparing Form 1041
IRS offers lien relief for financial distressed homeowners
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