AccountingWEB Logo
HOMEHOT TOPICSTAX ZONE LECTURE HALLLINKS May 13, 2008

Features


TIGTA report: Few businesses claimed telephone tax refund
Less than 6 percent of business taxpayers claimed the one-time-only telephone excise tax refund when they filed their tax returns.

FASB releases GAAP Hierarchy Statement 162
The Financial Accounting Standards Board (FASB) has issued FASB Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles. The new standard is intended to improve financial reporting by identifying a consistent framework, or hierarchy, for selecting accounting principles to be used in preparing financial statements that are presented in conformity with U.S. generally accepted accounting principles (GAAP) for nongovernmental entities.

Thrift is focus of new national campaign
A diverse coalition of leaders are launching a national campaign -- with a groundbreaking report, three new books, and artifact exhibit -- today at a conference in Washington, D.C. entitled, "Confronting the Debt Culture."



Small Business News

Fraud 101: Small business at risk
Business fraud and abuse costs have reached $400 BILLION dollars a year. That equates to $9.00 per employee, per day. Pretty incredible isn't it! It appears that the work force today has become Ethically Challenged. Who's the most at risk? The answer, small businesses.



Tech News

XBRL comes of age
Ten years after its introduction, XBRL, eXtensible Business Reporting Language, is reaching maturity in terms of technology and acceptance according to speakers at the 17th XBRL International Conference held in Eindhoven, Netherlands on May 5-8, 2008.



Student News

Accounting degrees hit 36-year high with 64,000 graduates this spring
More than 64,000 students graduated with bachelor's and master's degrees in accounting in the 2006-07 school year, according to a new report by the American Institute of Certified Public Accountants. This is the largest number of graduates in the 36 years the Institute has been tracking this data.







Fraud 101: Small Business At Risk
May 12, 2008



Blogs!

What have you got to say today?

Eva Lang, aka BV Girl
 
Outlook for Growth in Business Valuation

How broad is the current economic slowdown and is it affecting business valuation firms? Two recent items give us some insight into how economic conditions are affecting BV work....

Bill Kennedy, CA.IT, PMP:
Energized Accounting
Nickel 'n' Diming

Would you like an iron-clad, guaranteed way of annoying your clients and ensuring they think twice before calling you? A friend was venting this week about the bills he was getting from the firm supporting his accounting system....









Subscriptions

Update your subscriptions by visiting your profile page and selecting the "My E-Newsletters" link.
Click here to unsubscribe from this E-Newsletter
You are subscribed as: {email}



PPC Conferences -
Call Today for June Dates in Orlando!


Join us in sunny Orlando at the lovely Hyatt Regency Grand Cypress for these new events:

PPC Nonprofit and Government Conference. June 5-6. The latest updates on accounting, auditing and tax issues specifically for CPAs in public practice with nonprofit and government compliance requirements!

Risk Assessment Revisited: PPC Best Practices Conference. June 9-10. Practitioners with audit responsibility will learn real-world, practical solutions to risk assessment standards implementation.

Plus - PPC offers 3 additional dates/locations for the Risk Assessment Conference, and three additional conference titles for a total of 10 events to choose from in 2008!

Call 800.231.1860 to register today!










Editor's Note

May is National Get Caught Reading Month, according to the people who put together these celebrations. I was particularly amused when I followed a link about this celebration to find that a group promoting National Get Caught Reading Month headed up their Web page with the statement, "Exersise Your Brain!" Apparently National Get Caught Spelling month must be scheduled for sometime later in the year. In any case, I'm all in favor of reading and this seems like a good time to encourage our readers to share with us their favorite books. We are in the process of assembling an AccountingWEB summer reading list and will welcome suggestions from our readers - so please e-mail us with your favorite books. Not just business books, mind you, but any favorites, from children's stories to lengthy tomes. While we're at it, we might have to think about putting together a summer exercise program as well - or at least a spelling bee.

Gail Perry, CPA
Managing Editor
editor@accountingweb.com



Featured Book

At the Crossroads:
The Remarkable CPA Firm that
Nearly Crashed, then Soared
by Gale Crosley CPA, Debbie Stover

Joe Abriola has a problem-a big problem. Managing partner of a prosperous Minneapolis CPA firm, Joe has just learned that his partners are on the vergeof mutiny. Why are they so upset? It's him!-or, rather, it's the way he's let their practice slide intocomplacency. Why are other CPA firms growing so fast when theirs isn't?

The partners want answers-fast. If not, Joe may find himself out in the cold . . . and it gets awfully cold in Minneapolis in the winter. What will he do?



P.O. Box 2252, Westerville, OH 43086-2252
"Resources to help you grow"

If you know someone who would like to read this E-Newsletter,
please forward it to them.
Copyright (c) 2008 AccountingWEB. All rights reserved.

If this E-Newsletter appears distorted or hard to read, click HERE to read it from your web browser.
If this e-mail was forwarded to you and you want to continue to receive AccountingWEB's Business Bite, CLICK HERE.
Need help with font sizes? Visit our tutorial HERE.


Has Outlook blocked your images?
If you need to right-click one of the images in this E-Newsletter to see the pictures it's easy to set up AccountingWEB as a
'safe sender' so you don't have to do this every time you receive an E-Newsletter. Select the Actions-Junk Mail menu and pick
either the 'Add Sender' or 'Add Sender's Domain' option.

To ensure that you receive your e-mail notices from AccountingWEB, please add AccountingWEB-wire@accountingweb.com to your trusted sender list.