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Migrate Bookmarks and Favorites

Internet Explorer (IE) and Firefox both have utilities that can help you do the job. If you use IE, open it on your old computer and click on File, Import and Export, which opens a wizard. Click on Next, Export Favorites and then Next again. Now select the Favorites you

Look to Audit Bottom Line, Says IRS

Experience from its expanded number of audits of corporate returns will allow the IRS to work smarter in the future, the agency said, as it acknowledged spending more time on audits that came up empty of additional tax. The IRS rebutted a report in April by a research organization associated

Where Taxpayers Are Most Likely to Pay the AMT in 2007

  State Percentage of all filers Connecticut 25% Maryland 25% New Jersey 25% Massachusetts 24% California 20% Minnesota 19% New York 19% Virginia 19% Wisconsin 19% District of Columbia 18% Michigan 18% Pennsylvania 18% Source: Institute on Taxation and Economic Policy, www.ctj.org/itep.

NPO Software Measures Up

       If you’re in the market for nonprofit organization (NPO) accounting software, you’re in luck. Most of the products have undergone major upgrades in recent years that have made them far more powerful, feature-rich and easier to use. In our last survey of such software (“ Sizing Up

Money Laundering

The Financial Crimes Enforcement Network (FinCEN) delayed the effective date of revised Suspicious Activity Report (SAR) forms to give the agency time to improve data quality management. The new forms, which were scheduled to go into effect on June 30, apply to depository institutions, casino and card clubs, insurance companies

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   AS QUOTED “ Next to being shot at and missed, nothing is really quite as satisfying as an income tax refund. ” —F.J. Raymond, humorist NUMEROLOGY Feeling the Tax Sting M utual fund investors were hit hard in 2006, paying the IRS more than $23.8 billion on their reinvested

Replicating Format Painter on the Keyboard

Yes, there is. It’s another one of those undocumented Word features. The keystrokes are related to keystrokes for copy (Ctrl+C) and paste (Ctrl+V) keystrokes—only for the Format Painter you add the Shift key. If you want to load a format, highlight the formatted text and press Ctrl+Shift+C to copy just

Service Boosts Number of Correspondence Examinations

       The IRS is increasingly relying on correspondence examinations, rather than face-to-face office or field examinations, to audit taxpayers’ returns. In a correspondence examination, the Service asks the taxpayer to explain questionable items and send supporting evidence by mail. Correspondence examinations increased by 170% during fiscal years 2002–2005

Always Something New to Learn

The answer would be “yes” for the majority of adult consumers who complete financial education programs. Gallup polled consumers six to 12 months after finishing the Federal Deposit Insurance Corp.’s Money Smart course, which focuses on money management, banking skills and basic financial services education. A majority of participants reported

Banking

The rule would allow a group representing approximately 1% of the membership to petition to inspect and copy the nonconfidential portions of the credit union’s books, records and minutes. The rule would limit the material open for inspection to minutes and “accounting records.” The credit union may charge petitioners reasonable

Kevin Perkins, CPA

       Assistant director and CFO, FBI, Washington, D.C. The FBI is a great organization to be a part of and offers a nontraditional career for a CPA. How many companies train their CPAs in firearms and defensive tactics and require them to be in peak physical condition and

Rollover Ruling

The IRS ruled a nonspouse beneficiary of an inherited IRA may spread required minimum distributions (RMDs) from the IRA over his or her life expectancy so long as a rollover is completed before the end of the year following the year in which the plan participant died. The rule, which

Shortcuts

Word: Double-click on a word to select it. Word: Triple-click inside a paragraph to select the whole paragraph. Word: Hold down the Ctrl key and click within a sentence to select the whole sentence. Word often gets confused if the sentence contains a courtesy title such as Mr. or Mrs.

Stop Toolbar Changes From Disappearing

The problem may be with your Normal.dot template file. That file not only stores your default document formats, it also remembers your toolbar design. Word’s default is to automatically remember any changes in Normal.dot , but in your case it somehow apparently was changed and you’re probably getting this message

Weaving the Web of Information

Companies are getting the message that their employees want benefits information online—62% reported they prefer this delivery method. But there’s a right and wrong way to educate and encourage responsible behavior among employees via the Internet, according to Michael Rudnick, national eCommunications and portal leader at Watson Wyatt. Rudnick offers

Metzler Named SBA Financial Services Champion of the Year

The AICPA’s Jim Metzler, vice president–small firm interests, received the 2007 Financial Services Champion of the Year Award from the Small Business Administration’s New York District Office. Metzler is the Institute’s advocate for small firms on practice, regulatory, legislative and CPA professional matters. He is the chief liaison between the

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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.