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April 30, 2009

Publisher's Note We all know that the U.S. automobile industry is in a world of hurt.  Grant Thornton LLP estimates that 3,800 of all of the country’s more than 20,000 dealerships would need to close to maintain sales per dealer at 2008 levels.  Staggering.  In 2008, 881 U.S. auto dealerships, representing 4.2 percent of the country’s total number of dealerships, ceased operations in 2008 with GM, Chrysler and Ford representing 80 percent of that decline. So, how are accounting firms that have automobile dealership niches doing?  Are they diverting internal resources into other established practice niches?  Creating new niches?  What are you seeing in the marketplace? Rob Nance Publisher AccountingWEB, Inc. publisher@accountingweb.com Questions & Advice Office Accounting and BCM integration, items not refreshed I am currently using Office Accounting 2009, with Outlook Business Contact Manager 2007. I started using Office Accounting Express 2008 and even tried the Professional edition, but after downgrading back to the Express version, never was able to get the items refreshed in BCM. Add your input! Converting Lotus 2.4 spreadsheets to Excel I'm trying to convert a directory of many old Lotus 2.4 spreadsheets to Excel, with the intent of saving them in Google Docs, so they will become mobile, and I could then access them in any library. Share your suggestions! Forensic Accounting and Information Technology (IT) Controls Oiling the People Machinery in Busy Season Who Says Accountants Aren't Cutting Edge? Pandemic Preparedness Archives Visit AccountingWEB's complete archives, and current quiz by following the links below: E-Newsletters, Supplements, and Audio Features This week's CPA review

Featured links Get straight to your point, with Checkpoint® You were her hero during tax season … how soon will she forget you? Mastering Excel Pivot Tables - CPE Webinar Top News PCAOB issues fair value audit practice alert The Public Company Accounting Oversight Board has issued a Staff Audit Practice Alert to inform auditors of public companies about potential implications on reviews of interim financial information and annual audits of three recently- issued Financial Accounting Standards Board Staff Positions (FSPs). more >> IFRS Roadmap timeline questioned FASB to issue new FIN 48 guidance Non-profit officers face May deadline Get straight to your point, with Checkpoint® For more than 10 years, accounting, auditing and tax professionals have been turning to Checkpoint®, the revolutionary, easily-searchable online system, to get straight to their answers. Checkpoint brings together the most trusted information on the most powerful research system available, integrating unparalleled expert guidance, primary source materials and analysis. Plus, Checkpoint is completely customizable to meet your specific research needs, so you see exactly what you want, and reach your answers faster and easier than ever before. Try Checkpoint now at NO COST for 30 days. Call 1.800.950.1216 or visit ria.thomsonreuters.com today. Featured Articles A Conversation With Jim Abbott Executive Director of NDSCPA Life at the top edge of the country is good for Jim Abbott and his family. Snowy North Dakota is a big change from sunny Pasadena, California where he graduated from Ambassador College, but while the geography is drastically different, Abbott's career transition has been more natural. more >> Jail for former KPMG execs in tax shelter case Announcing a new community for accounting professionals CPAs visit Capitol Hill to promote key legislative priorities of accounting profession CPE Webinars by David Ringstrom, CPA Save big money when you register for multiple sessions For information on more upcoming webinars, visit the links below: Mastering Excel Pivot Tables Tuesday, May 12 SQL for Excel Users Tuesday, May 19 Excel 2007: Filtering and Formatting Data Thursday, June 4 Easing the Transition to Excel 2007 Thursday, June 11 Automating Excel-based Financial Statements Thursday, June 18 Many more...click here to see the full season Firm/State/People News JPMS Cox receives AICPA Public Service for Firms Award An Arkansas CPA firm has been selected as recipient of the 2008 Public Service for Firms Award by the American Institute of Certified Public Accountants. The firm was honored at the AICPA Spring Council Meeting in Washington, D.C. on April 26, 2009. Olivia Kirtley, chair of the AICPA awards committee, presented the award to Jim Phillips, managing partner, who accepted it on behalf of JPMS Cox, PLLC. more >> Dixon Hughes expands Florida presence J.H. Cohn issues comment on proposed IFRS roadmap Advertise in the Weekly News Analysis E-Newsletter Many advertising opportunities are available Contact Diane Williams, Sales Manager 866-688-1678 x 17 or e-mail dwilliams@accountingweb.com You were her hero during tax season … how soon will she forget you? Stay memorable through the year with the practice-building strategies found only in The Tax Strategist. Every month, The Tax Strategist’s marketers and tax advisors will prepare customizable sales letters for you to edit as you wish – on your letterhead – and in just minutes per month you’ll be winning new business from your clients and prospects. Find out more about this rewarding service ... so she’ll rely on you all year long! 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.com 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.

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