Short takes, notes and items of interest.


Short takes, notes and items of interest

Accountant Volunteers Relocate
¤ Accountants for the Public Interest has moved to offices on the campus of the University of Baltimore. The new address is Accountants for the Public Interest, University of Baltimore, Thummel Business Center, Room 155, 1420 North Charles Street, Baltimore, MD 21201. Phone: 410-837-6533; fax: 410-837-6532; e-mail: .

Consultants for the Public Good
¤ The National Executive Service Corps is a nonprofit organization of retired and working executives that provides low-cost consulting services to nonprofit clients. For details, call NESC vice president Heather Weston at 202-835-1579.

Winning Big by Helping the Small
¤ The U.S. Small Business Administration has named Peter Beck, a partner of Umble, Gayhart and Jacobsen, in West Chester, Ohio, Accountant Advocate of the Year. The SBA cited Beck's ability to help small business clients with complex tax and accounting problems and his willingness to volunteer his time helping fellow business owners through the Mason Landen Kings Chamber of commerce.

The Family Client: Not Much Has Changed
¤ Census Bureau figures on the American family show little difference between 1990 and 1997. In 1990, married couples with own children under 18 made up 26% of all households. In 1997, that figure was 25%. The biggest difference was in the percentage of mother-child family groups with a never-married mother, which rose from 33% to 41%.

The Competent Insider
¤ The Institute of Internal Auditors is publishing The Competency Framework for Internal Auditing (CFIA). Covered topics in the six-volume publication include the global landscape, best practices and competent practitioners, internal auditing knowledge, the future of internal auditing, assessing competency and conceptual foundations. The set costs $349 for IIA members and $399 for nonmembers. For details, call the IIA at 407-830-7600 or visit it online at .

And You Thought Y2K Was Bad
¤ Another problem programmers seemed to miss: the Dow may someday reach 10,000. At least one consultant is warning that some Wall Street computers will not be able to handle a five-digit Dow. The SEC, however, says that an informal review shows that most affected systems are prepared for the change.


More People Reach Out and Touch Someone
¤ According to the Census Bureau, the communications industry had a big boom in 1996, the latest year for which statistics are available. Revenues in radio and TV broadcasting services increased by 9%, although expenses were up by 10% over 1995. In the same period, telephone communications industry revenues increased by 10%, while expenses went up by 7%.

What Is in a Name?
¤ In early June, the Office of Management and Budget said the official reference manual for using the new North American Industry Classification System (NAICS) would be available at the end of that month. NAICS, a joint project of the United States, Canada and Mexico, replaces the Standard Industrial Classification (SIC) system. Federal agencies will phase in NAICS from 1999 to 2004. To order, call the National Technical Information Service at 800-553-6847 or 703-605-6000. Hardcover, paperback and CD-ROM versions are available. For details, or to order online, go to .

Lybrand Is Out
¤ On July 1, the largest accounting firm in the world officially became PricewaterhouseCoopers, with a new logo and monogram. Go to and for details.

CPA Is Treasury Trailblazer
¤ Deborah Walker, former chairwoman of the AICPA tax executive committee, is the new deputy benefits tax counsel for the Treasury Department. She will serve under benefits tax counsel J. Mark Iwry, who said that for the first time the employee benefits team will have a CPA in a high-ranking position. The other team members are lawyers and actuaries.

Well, We Were Wrong
¤ Conventional wisdom said that the Internet was a heavily male preserve, but at least among business owners that's an incorrect assumption. According to the National Foundation for Women Business Owners, 47% of female business owners subscribe to an online service, as compared with 41% of the men.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.