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Contact Us  |   ##mail## April 15, 2010     Featured Sponsors AuditWatch and TaxWatch University Training, Plus NEW AuditWatch University Yellow Book Series! Business Intelligence (BI) 101 for Accountants A Free Community Resource to Help Your Business Grow Publisher's Note Dear Readers, I invite you to read The Gleason Score. While this is certainly sad news for our friend Joel Ungar, a CPA in Michigan, it’s also prudent and timely information. As you know, it’s quite easy during Busy Season to let things slide, such as auto servicing, household improvements, and, most importantly, medical check-ups. Please read what Joel has to say and pass the link along to others who might benefit from this information. Rob Nance Publisher publisher@accountingweb.com Top News IRS continues audit trend away from large corporations and toward smaller businesses The IRS has reduced the number of hours agents spend auditing corporations with assets of $250 million or more by one-third since 2005 and increased the number of hours spent on audits of companies with assets of less than $10 million by 30 percent. Vendors take pity on taxpayers by offering free Tax Day goodies If you act fast, you can take some of the stress out of Tax Day by collecting freebies all over town. Here's a roadmap to treats for taxpayers. Federal income tax: Who’s paying and who isn’t? About half of the households in the United States pay no federal income tax, thanks in part to tax credits, deductions, and exemptions. AuditWatch and TaxWatch University Core Staff Training, Plus NEW AuditWatch University Yellow Book Series!    Training available in-house or via public seminars in over 20 cities nationwide.    New! AuditWatch University - Yellow Book. Three days of training -choose what you need! Courses include Auditing Nonprofit Organizations, Performing Efficient and Effective Single Audits, and Auditing State and Local Governments/Government Update.    TaxWatch University - Five levels of core tax staff training, covering individual, corporate, pass-through, partnership, and other tax entities and situations, and more...    Visit cl.thomsonreuters.com/A or call: 800.775.9866 for in-house training, consulting, and data technology solutions; or 800.231.1860 to register for public seminars. Featured Articles Court case could create an upside to severance payments Severance pay has become an unfortunate fact of life for many companies and employees. But based on a recent court case, there may be some good news for both. Intuit index: Wages, hours worked remain flat, supply of workers remains high Small businesses continued to hire more employees in March, extending a trend that began in mid-2009, according to the monthly Small Business Employment Index from Intuit Inc. HIRE Act affidavit form now available Employers who hope to take advantage of a tax break signed into law last month must fill out a new form by the Internal Revenue Service to claim the payroll tax exemption. Business Intelligence (BI) 101 for Accountants    Find out how to transform your management reporting with business intelligence (BI) technology in this free, one hour webcast on Thursday, April 22nd. The webcast qualifies for 1 hour of CPE credit.    Can't attend the webcast? Click here to receive the webcast recording. Firm/State/People News Wake Forest students win KPMG’s international competition Competing against teams from around the world, a group of Wake Forest University students representing the United States won the KPMG Global Case Competition in Athens, Greece, last week. Perkins & Co. organizes Taxgiving celebration At Perkins & Co, a Portland, OR-based accounting firm, employees have been giving thanks for the end of tax season. Accountant sues Craigslist for unflattering postings Four million dollars. That's the amount ringing up on accountant Leo Kehoe's calculator these days. The CPA in Whitestone, NY, is suing Craigslist over several advertisements that called him a "crook." Blogs! What do you have to say today? 1040FU (and it's not what you think) While at the HCLS conference in Missouri, Tom Hood of the Maryland Association of CPAs presented three of his fellow panelists with a bottle of 1040FU. What the heck is 1040FU? And no, it's not a bottle of F U. A once-in-every-19-years coincidence April 15 is, for Jews, the first day of the Hebrew month of Iyar. And on Rosh Chodesh (Hebrew for the new month), certain Psalms of Praise (namely parts of Psalms 114-118) are recited. That it is falling on April 15 this year is more than enough reason for me to recite ANY prayer or psalm of praise, thanksgiving, relief, thanks...you get the idea. Publish articles, demonstrate value I was speaking with an attorney recently who wanted to author some articles in order to showcase his expertise. He complained, though, that he didn't want to really "give away" important information. I should've been an economist Anyone with more than a mop for a head knows that Darwin's opinion on the evolution of life on this spinning olive is just a theory. Kaplan Weekly Quiz Are you prepared for the CPA exam? Test your knowledge and keep your skills sharp by taking the weekly CPA Exam Quiz, brought to you by Kaplan Schweser CPA Review and AccountingWEB Education & Careers Zone. New questions will be posted for each section weekly. Take this week's quiz. To change your e-mail address, your password information, modify subscriptions, and update your personal profile information, please log in to AccountingWEB.com to manage your account. Unsubscribe from Weekly News Analysis Copyright © 2010, AccountingWEB, Inc. All rights reserved. AccountingWEB.com, P.O. Box 2252, Westerville, OH 43086-2252 The AccountingWEB Portfolio includes: AccountingWEB.com | USBusinessForums.com | AccountingWEB.co.uk AccountingWEB.nl