Publisher's Information

CONTENTS

MARCH 2007

VOLUME 203 NUMBER 3

This symbol identifies articles in the home study CPE program.

HEADLINER Q&A
An Interview With SEC Chairman Christopher Cox
The legislator-turned-regulator answers the JofA’s questions about Sarbanes-Oxley section 404 costs, XBRL, international standards and other issues facing the CPA profession.
For all CPAs.

PRACTICE DEVELOPMENT
Help Clients Get Government Contracts
by H. Charles Sparks and Henry Wichmann
Helping clients compete successfully for a share of government business will add value to your services, give you cross-selling opportunities and increase your revenues. This article provides guidance, including opportunities for industry members, too.
For CPAs who advise businesses.

ARTICLES
PRACTICE MANAGEMENT CASE STUDY
Economics of Scale
by Carl J. Lacher
Clients sometimes get a huge business opportunity only to find that fulfilling it means big problems. Lacher MacDonald & Co., in Seminole, Fla., which has helped such clients secure capital, resources and management skills to meet suddenly escalated demands, shares tips from its management consulting side.
For public practice CPAs.

PRACTICE DEVELOPMENT/ ESTATE SERVICES
CPAs as Trust Protectors
by Michael B. Allmon
CPA trust protectors, who act in conjunction with a corporate trustee, serve a client’s best interests by overseeing a trust’s administration. The concept—new for onshore trusts—is common in offshore asset protection planning. CPAs have an excellent range of skills and attributes for doing this work.
For CPAs who do estate planning.

BUSINESS & INDUSTRY
Internal Control Guidance: Not Just a Small Matter
by Larry E. Rittenberg, Frank Martens and Charles E. Landes
How can smaller companies and other organizations meet their Sarbanes-Oxley section 404 obligations in a reasonable and cost-effective way? Amid the continuing debate, the Committee of Sponsoring Organizations of the Treadway Commission seeks to guide both by principle and practical example.
For CPAs in business and industry and in public practice.

TECHNOLOGY WORKSHOP
The Power of Arrays
by Paul Goldwater and Timothy Fogarty
CPAs often ignore Excel’s array formulas for fear they are too complicated. But they’re not as forbidding as they seem. This article demonstrates how arrays can perform a diverse set of multiple spreadsheet functions in a single step.
For all CPAs.

TAX/PERSONAL FINANCIAL PLANNING
Choose the Right Health Care Account
by Bart H. Siegel
You and your clients can take advantage of several strategies to cover out-of-pocket health care costs with pretax dollars. Whether the right choice is a flexible spending arrangement, health reimbursement arrangement, health savings account or another method depends on the individual’s circumstances and goals. Here’s how to match the plan with the man (or woman).
For all CPAs.

TAX
The Choice-of-Entity Maze
by Gregory A. Porcaro
What’s the right entity for your client’s business operations? The question involves numerous legal and tax issues, and the choice is not always obvious. This article helps guide CPAs on how to choose among types of corporations and LLCs.
For CPAs in public practice and those advising their companies.