Resource Guide - Issue 137

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First Research Industry Profiles

THIS WEEK'S RESOURCES
  1. Martha's Case Serves up a New Batch of Lessons
  2. New Guidance to Help Businesses Comply With Privacy Laws
  3. It's a One-Stop Shop for Haircuts, Tax Returns
  4. Board Approves Internal Control Rule, Confirms Registration Deadline
  5. Internet Providers Team up to Sue Alleged Spammers
  6. AICPA Launches Audit Quality Center for Benefit Plan Audits
  7. Survey Shows Continuing Improvements in Corp. Governance Practices
  8. Free Report "Turning Negativity into Positivity"
  9. What Entertainment Expenses Are Deductible? A Step-by-Step Guide
  10. AICPA Honors Top CPA Exam Performers; Women Bring Home Top Honors
  11. Book Recommendation: The Paradox of Choice: Why More Is Less

Don't miss the Hot Topics, Q&A Forum, IRS NEWS and TAX TIPS and more in this week's Resource Guide.

PREMIUM SUBSCRIBER CONTENT
  1. Training is an Investment, Not an Expense
  2. Keeping the Sale Going to Closure
  3. Don't Let Your Best Employees Jump Ship: What You Can Do
  4. How to Handle Difficult People
  5. Don't Wait for Tax Time to Look at the Bottom Line
  6. "Power Napping," Relaxation Tips and Desk Top Yoga for Tax Season!

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FREE SUBSCRIBER RESOURCES
  1. Martha's Case Serves up a New Batch of Lessons

While plenty of Martha bashers are enjoying the idea of the style maven locked behind bars, there are those even among her detractors who can't fathom how she is suddenly a convicted felon when those people who caused Enron's downfall are still walking the streets. According to one pundit, they committed REAL crimes. Martha just made some bad judgment calls. What do you think?

  1. New Guidance to Help Businesses Comply With Privacy Laws

CPAs seeking to help their clients and employers understand privacy legislation and adopt good privacy practices may turn to new guidance called the AICPA/CICA Privacy Framework. The Framework is designed to serve as the body of fundamental knowledge for CPA-related privacy advisory and assurance services.

  1. It's a One-Stop Shop for Haircuts, Tax Returns

This time of year, Bill Taber's Oak Park Barber Shop is busier with tax business than hair business. Barber Bill got the idea to combine the two after years of giving his tax advice to senior customers in the chair.

*** SPECIAL OFFER ***

All NEW and UPDATED Profiles are now available! AccountingWEB, in partnership with First Research, offers online Industry Profiles. Cut-and-paste industry information directly from Industry Profiles into your business valuation reports, use them for sales calls, or just to stay up-to-date on client industries! Industry Profiles on over 140 highly fragmented, multi-billion dollar industries are the perfect resource for your industry research needs. Check them out today!

  1. Board Approves Internal Control Rule, Confirms Registration Deadline

The Public Company Accounting Oversight Board last week approved an auditing standard for audits of internal control over financial reporting and proposed amendments to the Board's existing interim auditing standards to conform them to the new standard. The Board also voted to extend the registration deadline for non-U.S. accounting firms from the previous deadline of April 19, 2004.

  1. Internet Providers Team up to Sue Alleged Spammers

Four Internet providers have filed a series of lawsuits accusing hundreds of people of clogging e-mail boxes with millions of unwanted e-mail solicitations. The companies, who collectively serve tens of millions of subscribers, shared information and other resources to identify what they say are some of the nation's most prolific spammers.

MORE RESOURCES...

  1. AICPA Launches Audit Quality Center for Benefit Plan Audits
  2. Survey Shows Continuing Improvements in Corp. Governance Practices
  3. Free Report "Turning Negativity into Positivity"
  4. What Entertainment Expenses Are Deductible? A Step-by-Step Guide!
  5. AICPA Honors Top CPA Exam Performers; Women Bring Home Top Honors
  6. BOOK RECOMMENDATION: The Paradox of Choice: Why More Is Less

In The Paradox of Choice, Barry Schwartz explains at what point choice -- the hallmark of individual freedom and self-determination that we so cherish -- becomes detrimental to our psychological and emotional well-being. In accessible, engaging, and anecdotal prose, Schwartz shows how the dramatic explosion in choice -- from the mundane to the profound challenges of balancing career, family, and individual needs -- has paradoxically become a problem instead of a solution. Schwartz also shows how our obsession with choice encourages us to seek that which
makes us feel worse.

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  1. Training is an Investment, Not an Expense

Organizations spend a huge portion of their operating budgets compensating employees. In return, they expect them to provide excellent products and services to their customers. Yet half of all employees say that they don't receive the training they need to do
their job well.

  1. Keeping the Sale Going to Closure

Some buying situations take longer than others. How do you gain the advantage when the client is taking their time – and talking to others? It’s a fact - most CPAs are horrific at taking the sale from interview to actual closure (getting the client in a competitive situation).

  1. Don't Let Your Best Employees Jump Ship: What You Can Do

The last few years have been very difficult for employees. They have experienced large scale layoffs, the outsourcing of their jobs, limited advancement opportunities, and low, if any, pay increases. Those most likely to leave are the superior, not the mediocre or poor performers. Needless to say, this is not healthy for any organization. Find out what you can do to prevent your staff from jumping ship.

  1. How to Handle Difficult People

Difficult situations are part of everyone's life. Employers and employees can't get along. Partners clash over money. Spouses cannot resolve disagreements. If you ignore these situations, they always get worse. Find out what you can do to combat this problem.

  1. Don't Wait for Tax Time to Look at the Bottom Line

A curious thing happens to entrepreneurs in the spring of every year. They wake up one day and realize they had better figure out how much money they made last year so they can pay their taxes. If you don't keep track of how much money you're making, you have no idea whether your business is successful or not. Find out more.

  1. "Power Napping," Relaxation Tips and Desk Top Yoga for Tax Season!

Some say that power napping is the key to success. More and more businesses are recognizing the tremendous payback to their employees when time is allowed for "Power Napping". You too can run and run like the Energizer Bunny! Here are some old time favorites on AccountingWEB.

MORE PREMIUM CONTENT

TAX TIPS and IRS RELATED NEWS
  1. Alternative Minimum Tax: IRS Tax Tip
  2. Retirement Savings Contributions Credit: IRS Tax Tip
  3. Education Credits Can Help at Tax Time: IRS Tax Tip
  4. Warrant Issued for Tax Dodger
  5. Adobe Launches Bar-Code System to Simplify Forms Processing

HOT TOPICS

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  1. Hubble Digs Deeply, Toward Big Bang
  2. CPA Claims Ties to Italian Royalty as Part of $45M Fraud
  3. Prosecutors Identify 30 KPMG 'Subjects of Interest' in Tax Shelter Probe
  4. AICPA Task Force to Explore Financial Reporting for Private Cos.

More Hot Topics

ACCOUNTINGWEB Q & A FORUM

Members of AccountingWEB may add their questions in this area for other members to view and respond to. See a sample of questions that have been added this week or view all questions.

  1. Can a taxpayer set up and contribute to a SEP IRA for consulting
    income he earns on the side? He is an active participant in an employer plan, contributing to a 401k and a nondeductible IRA for 2003. Note: The consulting income is 1099 income that he is reporting on a sch C in addition to his W-2 earnings.)
  2. How would one record an investment of $100,000 in a LLC with 10 members, each of whom has a 10% membership interest in the company. Based upon a recent DCF valuation the intrinsic value of the LLC is $1,100,000. Membership interests are not transferable and, after formation, there will not be a readily determinable market price.
  3. What is the content of the term "capital employed", regarding financial statements what is it referring to?

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