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For those of you who are CPAs, I know you're very proud of those letters behind your name and the work that it took to get to that level and stay on top of your game.I recently read something that strikes at what many accountants ignore at times – in favor of research, data and analysis. There's a time for critical analysis and a time to just go with what you think is the right path. I am loathe to quote actor Hugh Jackman, but the words are spot-on. Jackman said, "Resist the urge to write lists, especially if the list is Pros and Cons. Just go with your gut." If there's an accountant in your office who is on the fence about pursuing the CPA credential or some other important goal, here are five reasons from My Accounting Life to go after that goal. There's also the big reason that often outweighs everything else: Just go with your gut! Rob Nance Publisher publisher@accountingweb.com |
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| One sixth of Americans will contribute to tax gap for 2010 tax year | |||||||||||||||||
On Monday, April 18, at 11:50 pm EDT, the U.S. tax filing deadline passed and estimates show that over 16 percent of Americans will have failed to file their 2010 federal tax returns, report their full income, or pay their full 2010 tax liability. Read More...
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| SEC announces IFRS roundtable | |||||||||||||||||
| The Securities and Exchange Commission has announced that it will sponsor a roundtable in July to discuss benefits or challenges in potentially incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers. Read More... | |||||||||||||||||
| FASB and IASB publish progress report on conversion | |||||||||||||||||
| The IASB and the FASB have published a progress report on their joint work to improve IFRSs and U.S. generally accepted accounting principles and to bring about their convergence. Read More... | |||||||||||||||||
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| So long office blues -- 8 ways to put a spring in your step | |||||||||||||||||
Overdoing it long term is not only counterproductive, it can lead to you feeling run-down and despondent. Below I have put together my eight top tips to keep the office blues firmly at bay.
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| Senior executives ambivalent about prospects for corporate tax reform | |||||||||||||||||
| Senior executives were split nearly 50/50 regarding the potential for reform in the corporate tax rate in the next two years, according to a survey by KPMG's Tax Governance Institute (TGI). Read More... | |||||||||||||||||
| 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 More... | |||||||||||||||||
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| Philly tax firm barred from claiming the First-Time-Homebuyer credit for customers | |||||||||||||||||
A federal court has barred a Philadelphia tax preparation firm and its owner from preparing federal tax returns claiming first-time-homebuyer tax credits and tax deductions for certain expenses.
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| UCBerkeley accounting students win Deloitte Student Case Study Seminar competition | |||||||||||||||||
| A team of accounting students from the University of California, Berkeley took top honors at the 16th annual National Student Case Study Seminar against five other national finalist schools from across the country, Read More... | |||||||||||||||||
| Justice Department shuts down San Antonio tax preparation business | |||||||||||||||||
| A federal court has barred Eddie Madrigal of San Antonio and his business, Madrigal Tax Express Inc., from preparing federal tax returns for others. Read More... | |||||||||||||||||
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| Increasing Audit Profits Series No. 5—Helping Clients Select the Least-Costly Reporting Framework | |||||||||||||||||
Because of the increasing complexity of U.S. GAAP, some CPA firms are suggesting the use of alternative reporting frameworks for some clients. Here is a brief discussion of the most common alternatives.
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| FASB, IASB Extend Convergence Project Deadline 'By A Few Months' | |||||||||||||||||
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Earlier today, Financial Accounting Standards Board Chairman Leslie Seidman and International Accounting Standards Board Chairman David Tweedie jointly announced the decision to "extend by a few months" their work on major convergence projects...
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| OK, Donald Trump's hair looks fake, but is he a fake Presidential candidate? | |||||||||||||||||
| Or maybe his hair just looks angry (only his hairdresser knows for sure) and that's why it appears so discombobulated whenever his puss is on the media, which has been very frequently lately. Read More... | |||||||||||||||||
| Family Business Written Compensation Plan | |||||||||||||||||
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One of the most sensitive subjects in a family business is compensation. In fact, I have seen plenty of family businesses disrupted (and sometimes worse)over compensation issues.
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