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September 3, 2009


Publisher's Note
Rob Nance, Publisher Ohio’s only Lamborghini dealer closed this year. The dealership was in a suburb of Columbus, where I live. Given the economic conditions, this closure was certainly no surprise. We can clearly live without such cars; however, there are a few things that Americans do not want to give up.

From U.S. News & World Report, here are The 5 Things Americans Won't Live Without:

1) Car - 88% of Americans rank this as a necessity
2) Landline Phone - 68% of Americans rank this as a necessity
3) Clothes Dryer - 66% of Americans rank this as a necessity
4) Home Air Conditioning - 54% of Americans rank this as a necessity
5) TV Set - 52% of Americans rank this as a necessity

What are your top five?

Rob Nance
Publisher
AccountingWEB, Inc.

publisher@accountingweb.com



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EC report brings international auditing standards convergence closer

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Subsequent Events - Private Companies Should Pay Attention



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Top News
Making sense of health care reform
The debate just keeps on rolling and it doesn't seem to be cooling down as time goes on. Many people have strong opinions about health care reform, and they are expressing them online, in the media, in protests at public meetings, at Congressional offices, and on street corners. There's a lot of rhetoric out there. But what do the plans really amount to? more >>
IFRS ripples throughout the profession
International Financial Reporting Standards (IFRS) have made great inroads over the past five to seven years. If an SEC-proposed change to allow IFRS for 10-K filing purposes becomes policy, the accounting lives of CPAs will certainly change, but many others will be affected too. more >>
IRS on the air: Federal tax agency embraces YouTube, iTunes
The Internal Revenue Service has announced the availability of video and audio products to provide tips for taxpayers looking for more information about 2009 tax provisions in the American Recovery and Reinvestment Act. more >>
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Featured Articles
E-mail blunders you know you'll regret
Ever had that sinking feeling when you realize an e-mail clanger has just thudded its way into cyber space? Everyone's sent e-mails that they've lived to regret, but we're not going to give you another list of e-mail etiquette dos and don'ts. There's a common five-stage reaction that happens following a serious e-mail blunder. more >>
Waste not, want not: Is what you call marketing really a colossal waste?
The Supreme Court’s 1977 decision Bates v. State Bar of Arizona allowed lawyers to advertise their services, opening the gate for CPAs to enter the world of marketing. Unfortunately, this pretty good idea has suffered from 30 years of sometimes poor execution. more >>
Val Kilmer: It’s Batman vs. the Taxman
Who will win in a showdown between Batman and the Taxman? Action star Val Kilmer, who starred in Batman Forever, may have learned recently that his superpowers are no match for the IRS. more >>
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Our authors are experienced practitioners - you’ll meet CPE requirements while gaining practical knowledge to help you through tax season. Visit trainingcpe.thomson.com or call 800.231.1860.
Firm/State/People News
Accountants and students participate in park clean-up
Nearly 900 college student & faculty volunteers from Beta Alpha Psi participated in cleaning up Brooklyn’s Red Hook Park on Thursday, August 6, 2009 to provide 3,500 hours of community service. more >>
Massachusetts Society of CPAs to honor five women to watch
The Massachusetts Society of Certified Public Accountants, Inc. (MSCPA) will honor five women CPAs at its inaugural Women to Watch Awards Reception. more >>
Stark Winter Schenkein & Co., LLP adds new accountant
The Denver certified public accounting firm of Stark Winter Schenkein & Co., LLP recently announced the addition of Matthew P. Mueller, CPA to its professional staff. more >>
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