Resource Guide - Issue 176

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Industry Profiles From First Research

The AccountingWEB 2005 Tax Calendar

THIS WEEK'S RESOURCES
  1. Achieving a Paperless Office In 2005
  2. Business Process Mgt. Can Solve Compliance Issues, Reduce Costs
  3. Four Out of Five Financial Firms Now Have a Chief Risk Officer
  4. Report Highlights Problems, Solutions to the Complex Tax Code
  5. EEOC Brings Suit that Could Affect Partnership Age Limits
  6. New McAfee Tool Helps Companies Spot Their Leaks
  7. COSO to Help Small Businesses with Internal Controls
  8. Treasury, IRS Announce Clarifications to Handling Subcontractors
  9. Just for Fun: An Open Letter to My Current and Future Tax Clients
  10. Audit Avoidance 101: Warding off a Visit from the IRS
  11. Treasury, IRS Announce Guidance on Repatriation of Foreign Earnings
  12. Disclosures of Control Weaknesses Way Up in 2004

PREMIUM SUBSCRIBER CONTENT
  1. Is it time For You to Consider Self-Employment?
  2. Seven Guidelines for Creating an Ideal New Year!
  3. Don't Feel Trapped in Your Job

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THIS WEEKS RESOURCES
  1. Achieving a Paperless Office In 2005

While the technology to go paperless does exist, word on the street indicates that many accounting firms and organizations that want to go paperless end up with less paper than before, but still not a completely paperless environment. With advanced technologies at our fingertips and a more-informed profession ready to take the plunge, many firms have gone paperless with great success.

  1. Business Process Mgt. Can Solve Compliance Issues, Reduce Costs

BearingPoint, Inc. recently issued a white paper, "Business Process Management in the Capital Markets," which details the way financial services organizations can improve profit margins and reduce cost by digitizing content. Find out more about this whitepaper now.

  1. Four Out of Five Financial Firms Now Have a Chief Risk Officer

Global financial services institutions are facing growing exposure to risk from a variety of factors, including mega- mergers, off-shoring, outsourcing, greater regulation, and the need to manage an increased volume of lending. These factors are causing a very large proportion of these institutions -- 81 per cent -- to establish the position of Chief Risk Officer (CRO).

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The 2005 Tax Calendar

AccountingWEB has created an HTML version of the 2005 IRS Tax Calendar that your firm can place on its Web site during 2005. This calendar offers you dynamic content and a valuable client service with little effort on your part. Find out more today!

  1. Report Highlights Problems, Solutions to the Complex Tax Code

In this years' Annual Report to Congress, National Taxpayer Advocate, Nina E. Olson states that "without a doubt, the largest source of compliance burdens for taxpayers and the IRS alike is the overwhelming complexity of the tax code, and without a doubt, the only meaningful way to reduce these compliance burdens is to simplify the tax code enormously".

  1. EEOC Brings Suit that Could Affect Partnership Age Limits

A suit filed last week by federal civil-rights lawyers could change the way aging partners are treated in CPA firms and other private practices that attempt to drive out older partners.

MORE RESOURCES...

  1. New McAfee Tool Helps Companies Spot Their Leaks
  2. COSO to Help Small Businesses with Internal Controls
  3. Treasury, IRS Announce Clarifications to Handling Subcontractors
  4. Just for Fun: An Open Letter to My Current and Future Tax Clients
  5. Audit Avoidance 101: Warding off a Visit from the IRS
  6. Treasury, IRS Announce Guidance on Repatriation of Foreign Earnings
  7. Disclosures of Control Weaknesses Way Up in 2004

*** BOOK RECOMMENDATION ***

The Audit Committee Handbook, by Louis Braiotta

Comprehensive in scope and an invaluable professional reference, this timely revision provides in-depth guidance on all functions and responsibilities of today's audit. Addressing such changes as the Sarbanes-Oxley Act of 2002 and the Securities and Exchange Commission's final rules amending the securities laws, this Fourth Edition provides up-to-date information on all the functions, duties, and responsibilities of audit committees, as well as their direction in the corporate governance context. Get Your Copy Today!

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  1. Is it time For You to Consider Self-Employment?

Job security has become an oxymoron. For our parents' generation, lifetime employment with a gold watch and comfortable pension at the end was not unusual. We're now living in a different environment. It is no wonder that so many employees are forced to update their resumes and hit the streets to find a new job.

  1. Seven Guidelines for Creating an Ideal New Year!

It all begins with a vision, a vision of creating an ideal life. The relentless pursuit of that vision will eventually give birth to the picture in your mind. What's most important is having a positive set of values, attitudes and habits necessary for your vision to become reality. Find out how you can create your ideal life.

  1. Don't Feel Trapped in Your Job

Only 54 percent of employees feel they have a good future with their current organization. Why do they feel this way? Some have doubts about the future of their organization. They fear that the company could go out of business, merge with another, or be acquired. More often they feel their performance is not valued.

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HOT TOPICS

  1. Beware of Altered IRS Forms Used for Identity Theft
  2. Revised Schedules K-1 to Reduce Filing Complexity
  3. New Tax Law Encourages Tsunami Relief Contributions
  4. IRS Eases Interest Suspension Rule for Amended Returns
  5. Supreme Court to Hear Appeal of Andersen Conviction

FIRMS, PEOPLE AND TRENDS

  1. M&A Advisor Names Crowe Chizek Top Accounting Advisory Firm
  2. Report: Large Federal Contractors Miscoded As Small Businesses
  3. New Online "Drop-off" Service Offer by H&R Block
  4. H&R Block Announces Business Unit President, CEO's Departure
  5. Intuit Delivers Three Big Breakthroughs for Online Tax Filers
  6. Best Software and Nextel Help Accountants Go Wireless
  7. Send your firm, association or organization news to
    editor@accountingweb.com for publication consideration.

    FIRM MERGERS AND COMBINATIONS

    Indiana: Indianapolis based accounting and consulting firm Crowe Chizek and Company LLC has finalized it's combination of practices with Illinois based PTW. The two firms will operate under the Crowe name.

    Kentucky: Reported by the American City Business Journals Inc. Louisville CPA firms Cecil & George PSC and Kosse & Lindle PLC recently merged, creating the firm Lindle, Cecil, George & Eversole PLLC.

    Minnesota: Bruder, Glubka & Associates and William Hall & Associates merged in late 2004 to form the new firm of Russell & Associates.

    Mississippi: Crain & Company joined Horne LLP on January 1, 2005.

    New York: The Central New York Business Journal reported that Grimaldi & Associates and Nelkin, Griesel & Graves combined practices on January 1 of this year to form the new firm of Grimaldi & Nelkin Certified Public Accountants, PLLC.

    New York: Dorfman-Robbie CPAs P.C. absorbed Mirochnik McGrath & Poppel LLP on January 5 of this year. According to The Business Review (Albany), the future growth of the firm will be to focus on services to construction firms and on the nonprofit sector.

    Pennsylvania: Reinsel & Company LLP, and Kuntz Lesher LLP, combined practices as of January 1, 2005. The new firm will have the name Reinsel Kuntz Lesher LLP.

    International: According to the China Daily, Deloitte plans to merge with top-quality Chinese accounting firms this year to further localize itself and strengthen its position in the Chinese market. If the mergers are finalized, it would be a first for Deloitte in the Chinese mainland.

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