May 10, 2011

Sponsored Links: Try IFRS on Checkpoint® for 30 days! It Isn't About Surviving in a Global Market. It's About Succeeding There. Business Chat. No Dress-Up Clothes Needed. Slippage in IFRS adoption timeline and hints of change add to uncertainty for U.S. companies The FASB and the IASB late last month announced a delay for completion of the remaining priority convergence projects from June 2011 until late 2011. Read On... AICPA wants IRS to allow e-file for S corporation election The AICPA has recommended that the IRS allow electronic filing of the form electing S corporation status so that taxpayers will have immediate and verifiable conformation of the status. Read On... Federal contracts: Cost proposals: Why, how, when When bidding on or fulfilling a federal contract, chances are you'll be required to submit a cost proposal. What is it, how do you do it, and when is it required? The answers will vary depending upon your contract and situation. Read On... Late filing attorney gives up right to practice before IRS A Texas attorney accused of willfully failing to file his federal tax returns has been disbarred from practicing before the IRS. The attorney argued that his failures to file and pay were not the result of willful conduct but were due to personal circumstances beyond his control. Read On... Tax planner jailed for tax evasion A Salt Lake City tax planner has been sentenced to 10 months of prison, 12 months of supervised release, and ordered to pay the costs of prosecution for willfully failing to file a federal income tax return for 2001. Read On... Survey results: Heightened call for transparency is biggest challenge for multinationals A majority of multinational company tax executives predict that a broadened international regulatory focus on increased transparency will be the most significant change their company can expect in international taxation over the next year. Read On...   Hats off to staff writer Anne Rosivach who has provided us with a thorough update on the IFRS adoption timeline and how it might impact U.S. businesses. A recent KPMG Webcast on IFRS updated listeners on the status of several high priority convergence projects, and the IASB is hoping to receive public comments on its recent Five Year Strategy Review. Best wishes, Gail Perry, CPA Editor-in-Chief editor@accountingweb.com Try IFRS on Checkpoint® for 30 days! Get the IFRS answers you need now - with comprehensive research, guidance and tools from WG&L® on Checkpoint®. You can even link to the IASB standards right from the analysis for complete and easy access. Get a complimentary 30 day trial of IFRS content on Checkpoint. 1.800.950.1216 http://ria.thomsonreuters.com/ifrs It Isn't About Surviving In A Global Market. It's About Succeeding There. Designed to help you seamlessly manage tax needs worldwide, the new ONESOURCE global tax workstation from Thomson Reuters can help you meet tax and statutory compliance dates, and maximize profitability. Learn how. Business Chat. No Dress-Up Clothes Needed. Start the new year with a FREE tool for your firm. USBusinessForums is a unique community-driven discussion and business networking forum, designed to help you save time and money while finding the answers you need to grow your business. Market Your Product Through AccountingWEB! Our advertising programs offer a variety of elements and methods which may be combined or used individually as your marketing initiatives dictate. All campaigns include full metrics to measure impact and effectiveness. Linda Monroe Account Executive E-mail me Nicole Jones-Kinney Account Executive E-mail me Unsubscribe from Accounting & Auditing Copyright © 2011, Sift Media US, Inc. All rights reserved. P.O. Box 2252, Westerville, OH 43086-2252 The Sift Media Portfolio includes: AccountingWEB.com |  USBusinessForums.com |  GoingConcern.com