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PROFESSIONAL ISSUES
Takin’ Care of Business
by
Robert Tie
The AICPA’s new board
chair—Jimmy Williamson—has been with the
same local firm for more than 30 years, and
has been a stalwart volunteer all the way.
He’s set his sights on pro bono and advocacy
goals in four critical areas, and he needs
your help. You see, long ago, he learned the
secret: There’s strength in numbers,
especially of CPAs.
For all CPAs.
PRACTICE MANAGEMENT/STAFFING
Understanding the Best and
Brightest
by
Anita Dennis
The AICPA Private
Companies Practice Section (PCPS) recently
conducted a new “Top Talent Study” to learn
more about the attitudes and aspirations of
the most promising young accounting
professionals. What it found out about your
top talent may surprise you.

For public practice CPAs.
CONSULTING/PRACTICE DEVELOPMENT
Be an HR Resource for Your
Clients
by
Michael Hayes
Many CPAs provide
payroll and benefits administration
services—but some also have expanded their
practice into helping clients meet other HR
needs, such as staffing (you know what
that’s like). Here are some firsthand
insights into how to develop a niche in HR
services.

For CPAs in public practice.
EMPLOYEE BENEFITS
Hired Help: Finding the Right
Consultant
by
Joanne Sammer
When it comes to
selecting a consultant to address employee
benefits concerns, how do CPAs help
employers or clients find—and evaluate—the
best? This article offers some suggestions
on how to choose a consultant who can
provide the needed services.
For CPAs with employee benefits
responsibilities.
PROFESSIONAL DEVELOPMENT
So You Want to Be an
Arbitrator
by
Gerald W. Hepp
Was there ever a skill
set better matched to the demands of the
job? CPAs’ reputation for objectivity and
fair-mindedness makes them excellent
candidates to become arbitrators. Their
knowledge, skills and consulting experience
combine to produce credible decisions in
virtually any business dispute. The author
tells from experience what it’s all about.
For all CPAs.
TECHNOLOGY WORKSHOP
Links in a Blink
by
Donald J. Reynolds
Excel’s links feature
is a major time-saver. However, while it’s
easy to create links, getting rid of them
can sometimes be a challenge—unless you have
some easily downloaded add-ins.
For all CPAs.
TAX
New Rules, New Ruling
by
Richard Mason
New legislation and a
recent court decision have shed light on the
tax consequences of client damage awards and
related legal fees. This article explains
the tax treatment of these awards and fees
and provides a four-category framework to
determine the proper tax treatment.
For accountants who advise clients
on individual taxation.
HIGHLIGHTS
NEWS DIGEST
Auditing…Banking…Financial
Reporting…Government
Accounting…International…Professional
Issues…FYI.
THE INTERNET
Smart stops on the Web.
AT A GLANCE: CHARTS AND GRAPHICS
Unbalanced? Not me!
Best foot forward.
Big business counts.
Something’s phishy.
The Service serves.
Uncle Sam holds the bag.
LETTERS
Love that tech.
Proud to live in America.
More charitable techniques.
“CPA” not be-all and end-all
of existence.
An ethics issue?
TOP LINE
News, people, trends and
other noteworthy items.
CHECKLIST
Magnetize your marketing
materials.
TAX MATTERS
Tax Case: Like-kind exchanges
of real property.
Tax Case: When payments to an
S corporation don’t create basis.
Tax Case: Interest on
overpayments by S corporations.
FROM THE TAX ADVISER
New pension act affects
charitable giving.

TECHNOLOGY Q&A
Partly secret way to hide a
worksheet…Display
file’s full path in toolbar…When
it’s safe to remove a remote memory device…Stop
the printer! Stop the printer!…Use
Background printing for more flexibility…Can
the new CD-R last 300 years?…Good
news for cordless telephone users…Oops,
don’t take my tax advice.
INSIDE AICPA
AICPA announces new life
insurance plan.
Award-winning women.
THE LAST WORD
A closer look at some of the
intriguing, inspiring and imaginative folks
who are the heart of the AICPA. |