IRS practice & procedure

Back to School A rising number of professionals are returning to college for a master’s or other graduate degree to enhance their earning power. An advanced degree can bring, on average, a $16,000 bump in annual salary. Source: www.worldwidelearn.com . GOLDEN BUSINESS IDEA

Small Business Shuns Outside Financing E ighty-one percent of small business owners said they have never received outside equity or debt financing, according to a survey by SurePayroll. More than half (55%) of respondents said they had no need and no future plans for external funding. For those businesses that

Hot Jobs L ooking for a new career path? Narrow your search to the fastest-growing accounting jobs. According to the Robert Half International 2007 Salary Guide, the following are the top five high-growth positions for the year: Source: Robert Half Finance & Accounting, www.roberthalf.com . NEWS

Report Sheds Light on IPO Market U .S. markets are holding their own against foreign competition for initial public offerings (IPOs), says a report by Ernst & Young. Key among E&Y’s findings is the fact that most companies list on exchanges close to home. Even at the height of the

How Low Can They Go? S ecurities fraud class action lawsuits fell to a record low in 2006, says a report by Stanford Law School’s Securities Class Action Clearinghouse. The number of cases filed was the lowest since the adoption of the Public Securities Litigation Reform Act of 1995. Securities

Showing the Way A small firm can’t operate efficiently if workers are constantly asking similar questions, circumventing problems or forwarding inquiries to the higher-ups. Make sure your employees have enough knowledge to make decisions and solve problems on their own: Source: Score, www.score.org . TOP 10

The Best-Laid Plans A ccording to a study of accounting, legal, marketing and other professionals, accountants rated as “Cool Cucumbers” (compared with “Nervous Nellies”) on the emotional scale when it comes to being prepared for a serious disability. Just 27% of accountants (the lowest percentage among all the professions) questioned

Corporate Shields T hirty-three percent of in-house corporate lawyers surveyed said their companies have been investigated by the SEC or the Occupational Safety and Health Administration since 2003. Source: Fulbright & Jaworski LLP. BUSINESS TIPS

DATA POINT 80.4 Percentage of all Social Security and Supplemental Security Income payments in FY2007 being paid by direct deposit (up from 41.1% 20 years ago). Source: Social Security Administration, www.ssa.gov . SURVEY SAVVY

Hire Me! W hen job hunting, the more leads the merrier. But is one source better than another? According to a survey by The Conference Board, a business research organization, 38% of job-seekers who received an offer attributed their success to an Internet search. About 27% said networking with friends

Asia Leads World in Optimism A sian business owners have the most optimistic economic outlook for 2007, according to a survey by Grant Thornton International. India, the Philippines, China and Singapore took the top four positions. The survey included the opinions of 7,200 business leaders in 32 countries. Source: Grant

Source: PeopleFit USA, www.peoplefitusa.com .

Everyone Has Something to Learn A re those whippersnappers in the office blogging, podcasting and otherwise Internetting circles around you or some of your veteran employees? Maybe you should consider setting up a reverse-mentoring program, in which you pair young hires, who can offer fresh perspectives and new technology, with