Editor's Note
It's always exciting to see new legislation come down the road
that will provide additional opportunities for accountants to
continue to make a living. The new Housing and Economic Recovery Act of 2008 that is awaiting President Bush's
signature promises to befuddle many the taxpayer and, from an
accounting standpoint, that is good news. Whether you agree or
not that it makes sense to take the tax dollars paid by
taxpayers who aren't having financial problems and siphon them
off to people who have gotten themselves into housing messes,
there's no argument that additional tangling of the Tax Code
means more people will be knocking on the doors of their
accountants. Is that why we keep voting for these legislators?
Best regards,
Gail Perry, CPA
Managing Editor
AccountingWEB, Inc.
editor@accountingweb.com
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Ryan Williams:
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After several passes back and forth between the House and
Senate, on Saturday, in a rare weekend session, the U.S. Senate
voted 72 to 13 to pass the bi-partisan Housing and Economic
Recovery Act of 2008, a bill passed by the House last
Wednesday. President Bush has indicated he will sign the bill
into law in spite of several objections he has to the bill.
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PayPal turns over account records to IRS
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Scott Ginsburg, aka "The Nametag Guy," was speaking recently at
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Financial Executives International (FEI), the association for
financial executives, has announced that Susan Schmidt Bies,
Ph.D., former member of the Board of Governors for the Federal
Reserve, and John F. Ruffle, former Chairman of the Board of
FEI, have been selected as the 2008 class of inductees of the
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In its 10-Q filing with the Securities and Exchange Commission
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last year reflected its implementation of an enterprise
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Ten random winners won a signed copy of At The Crossroads this month. Visit the link below to see the winners.
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