Editor's Note
In a time when many people have given up land lines altogether
in favor of the cell phone, and when many cell phone companies
no longer charge by the call, I fail to understand why we are
still having a debate over the issue of taxable personal use of
business cell phones. You can pick up a business phone wired to
the wall in your office and call your best friend to check on
dinner plans without being taxed on the price of the call, so
why can't you do the same on your business cell phone?
I'd love to hear what you have to say on the subject, so please
post your comments on our cell phone taxation story, or e-mail
your comments to me and I'll post them. And don't forget to
follow our link in the cell phone article to the IRS's public
comment page.
Best wishes,
Gail Perry, CPA
Managing Editor
editor@accountingweb.com
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Corporate finance leaders predict economic recovery in two years
Two recent surveys of corporate finance leaders in Southern
California revealed that while most businesses are reporting
declining revenues and employment in 2009, four out of five of
these finance executives expect recovery within the next two
years, without widespread restructuring or business failure.
more >>
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Program matches accounting students with small businesses
When Eduardo Chavez-Guerrero's wife's business started to take
off, he decided to help her run CP Universal LLC, which
provides decoration for special events, such as corporate
lunches and weddings. There was just one problem. "I have no
idea what accounting is about and I abhor it with a passion,"
he said.
more >>
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ESOP (Employee Stock Ownership Plan): An Excellent Business Succession Strategy
Due to a lack of succession planning, many businesses dissolve
when the founder retires, becomes disabled, or dies. One method
of business succession planning is creating an ESOP (Employee
Stock Ownership Plan) to buy all or part of the business.
AccountingWEB Blogger Scott Heintzelman, aka The Exuberant
Accountant, explains how an ESOP might be the perfect solution
for succession planning.
more >>
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The Smart Way to Your CPA & MBA
Pursuing your CPA designation? Consider simultaneously earning a Master of Business Administration (MBA) degree from DeVry University's Keller Graduate School of Management. This powerful dual credential poises you for significantly higher-level positions and salaries. And at Keller, you can complete both while saving time, courses and money.
- Keller classes may count toward the 150-hour requirement for your CPA
- Becker CPA Review's proven methodology is woven into coursework
- Multi-task your accounting career by advancing further faster
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A List of Homemade Control Procedures for the Entrepreneur
This semester AccountingWEB blogger David Burt, aka The
Shirtsleeve Accountant, is teaching a class titled: Financial
Controls for Entrepreneurs. As part of his lecture material he
has handed out a list of basic controls a small entrepreneur
might wish to consider.
more >>
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Recession Survival
AccountingWEB blogger Lynn Northrup recently read an article
about the failure of many small businesses to receive guidance
from their CPA on how to navigate the current economic crisis.
It seems that many small business owners don't understand the
capability of their CPA beyond taxes and accounting. In reality
we have the ability to provide advice to businesses that can be
critical to their survival. CPAs have the needed skills to
guide businesses through these tough times. Lynn has developed
some recession survival tips that you might find helpful.
more >>
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A&A and Tax Updates. Live Webcasts Begin July 31.
Quarterly Audit and Accounting Update webcasts start July 31st. You'll hear industry leading, cutting edge commentary, learn to implement the current risk assessment standards, and comply with ever-changing peer review standards. Earn 2 CPE hours for each webcast. Register now for all four CPE Link A&A Updates and save $50.
Quarterly Tax Update webcasts start Aug 7th and cover key developments from legislatures, tax agencies and the courts. You'll stay on top of the constant change in tax guidance, build a stronger foundation for tax planning, and identify possible practice development areas. Earn 2 CPE hours for each webcast. Register now for all four CPE Link Tax Updates and save $50. |
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