Maintaining an active network of professional contacts and references can enhance your employment prospects if you suddenly find yourself in the market for a job. The best way to land a new position is by reaching out to your friends, family, former teachers and ex-colleagues and asking them what’s out
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Another Resource for Ethics Programs
As a 29-year member of the AICPA, I applaud the article, “ Ensuring Ethical Effectiveness ” ( JofA , Feb.03, page 28). The article provided valuable information about the requirements in the Sarbanes-Oxley Act for publicly traded companies to disclose whether they have adopted a code of ethics for their
Taxation of Pending Claims
EXECUTIVE SUMMARY A CORPORATION THAT IS SOLD OR RESTRUCTURED faces significant uncertainty about how the government will tax contingent liabilities such as environmental, tort and similar obligations. This is particularly true for taxable transactions involving a liability that depends on the outcome of a lawsuit or similar event. AN IMPORTANT
ESAs vs. QTPs
While taxpayers have focused lately on the benefits of IRC section 529 qualified tuition plans (QTPs), Coverdell Education Savings Accounts (ESAs) offer an attractive alternative. A taxpayer can establish an IRC section 530 ESA (formerly known as an Education IRA) for a designated beneficiary attending elementary or secondary school (K-12)
Learn How To Use The Ruler In Word
Q. I find the Ruler in Word to be a very mysterious function. However, I’m sure it’s a helpful tool—if only I can figure out how to use it correctly. A. You’re right on both counts. It can be a confusing tool, but once you learn how it works, you’re
Overcome Defrag Stall
Key to Instructions To help readers follow the instructions in this article, we use two different typefaces. Boldface type identifies the names of icons, agendas, URLs and application commands. Sans serif type indicates instructions and commands that users should type and file names. Q. I followed your suggestion to
E-Tools of the Trade
Source: Survey of 1,400 CFOs, RHI Management Resources, Menlo Park, California, www.rhimr.com , 2002.
Invalid Partnership
Since the Treasury Department adopted what are known as the check-the-box regulations, CPAs have been confident that unincorporated entities with two or more owners would be treated as partnerships unless they elected corporate treatment. The Circuit Court for the District of Columbia recently reversed a district court decision that an
Taxes Play Smaller Part in the GDP
Source: Citizens for Tax Justice, www.ctj.org .
Control A Runaway Mouse
Q. My mouse, which contains a wheel, sometimes acts like it has a mind of its own. For example, when I start to highlight a large block of type in Word or many cells in Excel, it just takes off on its own and keeps scrolling at high speed. Is
Uncle Sam Gives Retirees a Raise
Source: Social Security Administration, www.ssa.gov .
Accounting History Relevant to the Present?
The origins and development of accounting should receive more attention today. Sometimes accountants fail to appreciate accounting history due to their focus on current or emerging issues. As a result, they ignore some practices that still have relevance today. For example, in 1959, the AICPA created the Accounting Principles Board
Government Accounting
GASB approves Statement no. 40, Deposit and Investment Risk Disclosures, to inform financial statement users of risks related to credit, interest rates, foreign currency or other factors that could affect a government’s ability to provide services and meet its obligations ( www.gasb.org/st/index.html ). The guidance, which amends Statement no. 3,
Fix An Intermittent Hard Disk Error
A. XP typically finds such errors and fixes them on startup. However, if you’re still getting them, enlist Windows’ built-in Check Disk feature. While it’s a primitive tool, it works and costs nothing. To access it, go to Windows Explorer or My Computer and right-click on the drive letter that
Money Laundering
The Treasury Department’s Financial Crimes Enforcement Network introduces Form TD F 90-22.56, Suspicious Activity Report by Money Services Business, and advises certain nonbank financial institutions that they must immediately begin using it to report possible indications of money laundering or other financial crimes ( www.fincen.gov/sar_msb_announcement021303.pdf ). The form captures specific
E-Mail Blues
“ RSVP ASAP ” ( JofA , Mar.03, page 15) failed to address the real issue with e-mail—the amount of time required to review and respond. Every day I receive at least 75 e-mail messages, most with large files attached. If the process to read, review the attachment and decide
Add More Disk Storage Space
Q. I’m running out of disk space on my desktop computer and I don’t want to buy a new machine or go through the trouble of installing a larger hard disk. What options do I have? A. You have at least two options. One is to comb out all those
Corporate Culture and Ethical Behavior
“ Ensuring Ethical Effectiveness ” ( JofA , Feb.03, page 28) presented an excellent summary of the steps companies need to take in upgrading their ethics codes. However, it did not explicitly mention the role of corporate culture as a strong influence on individual behavior. Every company I have consulted
MACRS Reclassification Not Change in Accounting Method
IRC section 446(e) requires that a taxpayer secure IRS consent to change its method of accounting. Treasury regulations section 1.446-1(e)(2)(i) specifies that a taxpayer do this before computing its income under the new method. The rule also requires a taxpayer to file form 3115 with the IRS commissioner during the
The World’s Dumbest Fraudsters
n Wichita, Kansas, police arrested a 22-year-old male who tried to pass two counterfeit $16 bills at an airport hotel. And in St. Louis, a bus carrying five passengers was involved in an accident. However, when the police arrived, 14 more people were aboard the bus, all complaining of whiplash
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