Pro Bono

For news from the AICPA and state societies, visit www.cpa2biz.com , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites.

 

The AICPA has established an online Disaster Recovery Resource Center that offers a wide range of practical tools members can use to assist their employers and clients ( www.aicpa.org/news/2005/disaster_recovery_resources.htm ). It also provides up-to-date information, useful links and practice management guidance for firms directly affected by Hurricanes Katrina and Rita.

In addition, the AICPA’s Private Companies Practice Section established the Firm Volunteer Center to provide individual members and firms affected by the hurricanes with contact information for firms across the nation that are volunteering to help ( http://pcps.aicpa.org/community/firm+volunteer+center.htm ).

The IRS announced that taxpayers affected by Hurricanes Katrina and Rita can request relief simply by writing “Hurricane Rita” or “Hurricane Katrina” in red ink at the top of all documents they file with it ( www.irs.gov/newsroom/article/0,,id=149500,00.html ; www.irs.gov/newsroom/article/0,,id=148540,00.html ). Deadlines for affected taxpayers to file returns, pay taxes and perform other time-sensitive acts have been postponed until February 28, 2006. For more information, call 866-562-5227.

The SEC let insurers temporarily follow abbreviated securities registration procedures that maintain the capital and liquidity they need to quickly pay claims from hurricane victims. As the JofA went to press, the commission said this policy would be in effect until December 1, 2005, and that it might extend similar administrative relief to other SEC registrants if necessary.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: Economy and health care changes top CPAs’ list

CPA decision-makers’ economic outlook and the House Republicans’ proposed tax changes as part of replacing the Patient Protection and Affordable Care Act received attention recently. See how much you know with this short quiz.