News Wrap-Up - Issue 254

This News Wrap-Up Brought To You By:

PolicySoft's Accounting Department Templates

The Marketing Director CD System

THIS WEEK'S NEWS
  1. SEC Considers Extending 60-Day Reporting Rule
  2. B's Plan Could Mean "Major Hit" to Earnings
  3. Initiative to Test Tagged Financial Data Announced by SEC
  4. IRS Appeals Decision to Raise Accounting Qualifications of New Hires
  5. PricewaterhouseCoopers Faces Discrimination Suit
  6. New Overtime Regulations Go into Effect August 2004
  7. Treasury Issues Comprehensive Health Savings Account Guidance
  8. Three Ex-Ahold Executives Charged With $700 Million Fraud
  9. IRS Addressing Foreign Tax Credit Rules
  10. Ex-Directors of Bankrupt Companies Get Invites to Join Other Boards
  11. IRS Issues Guidance on Truck and Tractor Excise Tax
  12. Whistle-Blower Leads Increase Sharply During 2004

Check out the News Page for this week's news and more.

*** SPONSOR OFFER ***

PolicySoft's Accounting Department Templates

Over 200 accounting department policy templates, written in
Microsoft Word(R) are available to help systematize the accounting department of a small company, corporate business or a public accounting firm. Templates are available for immediate download. Systematize your accounting department today! Find out more today.

PLATT'S PERSPECTIVE

Watching the Democratic National Convention this week reminds me again of the constant, never-ending need to consistently communicate with everyone in your organization - from the faithful to the "barely there" - if you intend to get them engaged and rally them to peak performance inside your firm.

Even the party faithful who came to Boston to "carry the word" back home need to hear from the leaders, need to be inspired, and need to be given the tools and the vision to go out and do their jobs.

So take their cue and take this opportunity to plan your own firm convention; to provide a compelling vision, to rally your troops, to communicate your message, to inspire their best efforts, and to bring them on board to be foot soldiers in a higher purpose. And when you are done, plan to do it again next month, and every month after that to keep them energized and excited about continuing to build your organization.

Michael Platt, Founder
editor@accountingweb.com

If you've forgotten your login details, we can send you a reminder.

THIS WEEK'S NEWS
  1. SEC Considers Extending 60-Day Reporting Rule

If companies comply with a new rule on internal controls, it will make it hard for them to speed up their year-end reporting as the SEC had mandated. As a result, the SEC is considering an extension for public companies complying with the new rule that makes annual reports due 60 days after their year-end rather than 75 days as it was in the past.

  1. FASB's Plan Could Mean "Major Hit" to Earnings

Multinational Corporations may be looking at a big increase in reported liabilities and a deep cut to profits if a change in deferred-tax accounting is adopted by the Financial Accounting Standards Board.

  1. Initiative to Test Tagged Financial Data Announced by SEC

The U.S. Securities and Exchange Commission is assessing the benefits of tagged data and its potential for improving the timeliness and accuracy of financial disclosure and analysis of Commission filings.

*** SPONSOR OFFER ***

Streamline Your Marketing Efforts

Marketing Director is a must-have tool for every professional firm. This integrated marketing system gives you the expert information you need to successfully grow your practice, the tools to do it, and the system to track your progress.

  1. IRS Appeals Decision to Raise Accounting Qualifications of New Hires

The Internal Revenue Service announced this week it plans to appeal a decision by a federal arbitrator that the agency cannot raise the accounting qualifications for newly hired revenue agents.

  1. PricewaterhouseCoopers Faces Discrimination Suit

Despite developing a lucrative relationship with Boeing on behalf of her employer, PricewaterhouseCoopers LLP, Melissa Page filed suit last month claiming she was denied partnership by one of the world's largest public accounting firms.

MORE HEADLINES...

  1. New Overtime Regulations Go Into Effect August 2004
  2. Treasury Issues Comprehensive Health Savings Account Guidance
  3. Three Ex-Ahold Executives Charged With $700 Million Fraud
  4. IRS Addressing Foreign Tax Credit Rules
  5. Ex-Directors of Bankrupt Companies Get Invites to Join Other Boards
  6. IRS Issues Guidance on Truck and Tractor Excise Tax
  7. Whistle-Blower Leads Increase Sharply During 2004

$$ PREMIUM SUBSCRIPTION CONTENT $$

See a sampling of this week's featured content below. Subscribe today for only $49/year and gain access to the Premium Content Archives. If you've forgotten your login details, we can send you a reminder.

  1. How Do Smaller Firms Compete?
  2. The Value of Proactive Service in Your Firm
  3. Excel Tip: Overriding and Removing Page Breaks

HOT TOPICS ON ACCOUNTINGWEB

If you've forgotten your login details, we can send you a reminder.

  1. The Six Traps of Accounting & Finance Careers
  2. Salaries Increasing for Finance and Accounting Professionals
  3. More Automated Check Payments = More Scams
  4. Congress Extends Some Popular Tax Cuts Through 2006
  5. Falwell's Support of Bush Prompts Request for IRS Probe

ACCOUNTINGWEB HELP

Are you looking for some information about AccountingWEB and can't find it elsewhere? Do you need to change your password, or update your e-mail address? Take a moment and view our "Help Page" for information on how to utilize the AccountingWEB Service.

WHAT'S ON ACCOUNTINGWEB

ACCOUNTINGWEB MARKETING SOLUTIONS

Let AccountingWEB help your organization customize a marketing campaign for your products and services. Make sure you book your ad campaign in advance! Get your message in front of our audience of accounting and finance professionals today. Our team can help you uncover promotional opportunities that are right for you.


Your Personal Membership Information

Take a moment today to ensure that we have accurate, up-to-date information in our records. Just go to your Profile Page and login to update your information today! If you've forgotten your AccountingWEB.com login details, we'll send you a reminder.

Premium Subscriber Information

Access to the growing library of the latest insights, ideas and tools is available for only $49 a year. Subscribe today!

Copyright © 2004 AccountingWEB, Inc.
All rights reserved.
http://www.accountingweb.com
"To inform, to enrich, to enlighten, to entertain."

Contact AccountingWEB, Inc.
P.O. Box 68748, Indianapolis IN 46268
Contact Us

You may like these other stories...

Which of America’s major cities offer the most favorable tax structures for businesses? According to a study released on Tuesday by KPMG International, the top five in the United States are Cincinnati, Cleveland,...
Contact: Dave Shatkowski, Indiana CPA Society Phone: (317) 726-5022 Email: dshatkowski@incpas.org INDIANAPOLIS - After four years of planning and development, the CPA Center of Excellence® is ready to take CPAs to the...
On any normal day Katie Bailey, audit manager at CPA firm Dauby O'Connor & Zaleski, LLC (DOZ) in Carmel, Indiana, would definitely consider herself an active person. She runs 20-plus miles a week, logs lunch hours in...

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.