TAX MATTERS
Data Point
200 Hours per year the average American spends commuting to and from work. Source: U.S. Census Bureau.
Uncle Sam Holds the Bag
TAX MATTERS
Magnetize Your Marketing Materials
CHECKLIST Looking for more clients? Attractive artwork may draw some people in—but it’s good copy that will win them over. Before your brochure goes out, consider these tips for writing copy that sells. Look at what your competitors have done. Read your competitors’ marketing materials and analyze the strengths and
Can the New CD-R Last 300 Years?
I just read about a new CD-R (recordable) from Kodak that is supposed to safely store data for 300 years. I’m aware that a conventional CD-R’s surface oxidizes, making it unreliable after about 10 years. So what’s your take on this 300-year claim? Your guess is as good as mine.
Talk Turkey
NUMEROLOGY $3.6 billion Value of turkeys shipped by U.S. poultry processors in 2002. Arkansas led the way with $581.5 million in shipments. Businesses that primarily processed turkeys operated out of 35 establishments, employing about 17,000 people. 7.3 billion pounds The total weight of turkeys produced in the United States in
Stay Warm, Safely
SAFETY TIPS When the weather begins to cool, many people turn to space heaters to add a little extra warmth where it’s needed. The U.S. Consumer Product Safety Commission ( www.cpsc.gov ) offers these tips for staying safe: Place the heater on a level, hard and nonflammable surface (such as
Links in a Blink
» Key to Instructions To help readers follow the instructions in this article, we used two different typefaces: Boldface type is used to identify the names of icons, agendas and URLs. Sans serif type shows the names of files and the names of commands and instructions that users should
Something’s Phishy
TAX MATTERS
Oops, Don’t Take My Tax Advice
Stanley Zarowin, a former JofA ssenior editor, is now a contributing editor to the magazine. His e-mail address is zarowin@mindspring.com . Do you have technology questions for this column? Or, after reading an answer, do you have a better solution? Send them to contributing editor Stanley Zarowin via e-mail at
An Ethics Issue?
I find it incongruous that Top Line ( JofA , Aug.06, page 16) had side-by-side stories about the additional ethics lessons to be learned from Enron and a television show in which a CPA moves into an office formerly occupied by a private detective and starts to take on some
AICPA Announces New Life Insurance Plan
The Institute’s board of directors approved an enhancement to the Group Variable Universal Life (GVUL) insurance product—GVUL Preferred—now available to eligible members and their spouses. GVUL Preferred offers significant rate reductions—from 20% to 69%—for many members based in part on evidence of good health. To be eligible, you must be
Unbalanced? Not Me!
NEWS
The Last Word: Conrad John Netting IV
CONRAD JOHN NETTING IV, CPA/PFS Partner, Netting & Pace, CPAs San Antonio, Texas MY FATHER, CONRAD JOHN NETTING III, was an Army Air Corps pilot who died four days after D-Day in a mission over France. Flying a P-51 “Mustang” fighter, he crashed while destroying a German fuel convoy. I
Preventing Flu at Work
ON THE JOB lu, which is in season from October to May, is a leading cause of employee absenteeism, costing employers millions of dollars. The single best way to prevent flu is to get a flu vaccination. The Centers for Disease Control recommends getting the vaccine by November, but says
The Focus Is on Employees in 2007
SURVEY SAVVY Half of all CEOs surveyed recently by the NYSE Group ( www.nyse.com ) planned to increase their employee education and retention programs. Eight out of 10 said operational efficiency, driven by employees, would be the greatest internal factor impacting profitability in 2007.
Like-Kind Exchanges of Real Property
TAX CASE RC section 1031 permits the tax-free exchange of like-kind property. If the transferor receives “boot” (such as cash) in addition to the like-kind property, the boot is currently taxable. The application of these rules to the exchange of real property that was burdened by a supply contract was
Government Accounting
The Financial Accounting Foundation, the parent body of the Governmental Accounting Standards Board (GASB), commissioned the first in a series of periodic surveys asking its stakeholders to share their views on how effectively GASB fulfills its mission. Overall, the 1,200 respondents said GASB has been carrying out its standard-setting charge
Stop the Printer! Stop the Printer!
How do you get a printer to stop printing? Sometimes all I want to do is print one page, but if I forget to click on the right button, the whole 100-page document starts pouring out. Help! You’re not alone. It’s a small crisis many have experienced. It’s called the
New Rules, New Ruling
EXECUTIVE SUMMARY The tax treatment of damages and legal fees and costs varies according to the type of underlying claim. Congressional action providing an above-the-line deduction for legal fees for discrimination claims and a recent Supreme Court decision in Commissioner v. Banks have contributed to making the treatment of damage
Features
SPONSORED REPORT
How to find the right CAS clients
The key to success with CAS is selecting the best clients. Tools like ideal client profiles (ICPs), buyer personas, and even artificial intelligence can help identify the businesses that best fit each CAS practice.
