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2010 Business Tax Update
Interns and new graduates face a brighter hiring future
The Collegiate Employment Research Institute and the Career Services Network at Michigan State University recently published a study called Recruiting Trends 2010-2011. According to this study, the college segment of the labor market is about to rebound (good news), hiring is poised to increase a bit (3 percent), and hiring of recent college graduates is expected to improve by an impressive (relatively speaking) 10 percent, according to 4,600 employers who participated in this study.
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Promoting healthy habits on a budget
Encouraging wellness and fitness in the workplace does not require a large budget or a huge effort. Sometimes, it just requires a little opportunity and a bit of encouragement. Apple Growth Partners, a 90-person firm with offices in Cleveland and Akron, Ohio, has an informal approach to wellness that is helping to create a culture of better health for its employees.
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Forget retirement – let's work forever!
According to a Barclays survey, 60 percent of wealthy individuals say they never plan to retire. This group of "Neveretirees" is expected to grow over the next several years as more than 70 percent of respondents under the age of 45 say that they will always be involved in some form of work. Equally startling is the fact that 32 percent of these people plan to work between five and 20 hours per week in retirement, and 7 percent plan to work more than 20 hours per week.
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Feeling stressed? There's a guide for that
Stress levels in 2011 are set to soar and everyone's at risk, according to the UK's leading authority on stress at work – The Stress Management Society (SMS). The SMS claims that 21st century stress, caused by living in an always-on 24/7 style culture, is having a significant effect on people's health and well-being. And that's a trend that is unlikely to go away. The SMS says stress levels are at an all-time high – the highest since the group was launched in 2003. SMS is warning people to look out for stress symptoms and have a plan to combat stress if it arrives.
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Reality check: Fraud in the workplace
We like to believe that everyone is honest, no one cheats or takes unfair advantage, but the reality is that workplaces can be breeding grounds for bad behavior. UK criminal lawyer and fraud investigation expert Martin Cunningham offers advice for employers on how to spot possible dishonesty in the workplace. Following are a few signs to watch out for.
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When violence affects the workplace, what liabilities do employers face?
Last summer, in what police have called a domestic dispute, a man walked into an Old Navy store in the middle of downtown Chicago where his girlfriend worked. He pulled out a gun and shot her to death, then killed himself. Not only did store managers have to deal with the emotional, public relations, and logistical fallout from the shooting, the family of the murdered employee soon filed a lawsuit against Old Navy.
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How's work treating you? With AccountingWEB's new Workplace newsletter, we hope to explore life in the cubicles, hallways, corner offices, and stairwells of the accounting world we know and love. This monthly newsletter, due to arrive in your mailbox the second Friday of each month, will dive into the realm of what it's really like to spend the longest waking part of your life devoted to the accounting profession and the clients and bosses we serve. We're always open for comments and suggestions, so let us know what you think.
Best wishes,
Gail Perry, CPA
Editor-in-Chief
editor@accountingweb.com


Your Virtual Classroom Just Got Better

Introducing the All Access Webcast Pass
40 CPE Credit Pass: Retail Price $1160, Sale Price $550
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New Tax Developments in Employee Compensation and Benefits - Earn Free CPE Credit

January 20, 2:00 PM EST
>> Register for Live Web Seminar - 1 CPE Credit
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Presented by David Cartano, J.D., of the law firm Barton, Klugman & Oetting
Hosted by Rob Nance, Publisher, Sift Media
This session looks at a general overview of the tax environment and explores how employee benefit plans and employee benefits are subject to major changes beginning in 2011. Learn why these new tax developments are important and what to consider for your tax strategy and implementation.

2010 Business Tax Law Update: Need-to-Know Changes

2:00 PM - 3:00 PM ET
CPE Program Level: Update
1 CPE Credit; NO prerequisites or advance preparation
CTEC Course #: 3022-CE-0002
For Enrolled Agents: IRS/OPR Approved Course # 1073
Register now!


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