Latest Articles

 Accounting Ranks High in Best/Worst Jobs for 2010

February 9, 2010 

Accounting Ranks High in Best/Worst Jobs for 2010

Validation is a good thing; I’ve talked about how accounting is a great profession for quite a long time – and even blogged about it when I met with the business students at Indiana University.   CareerCast recently published its annual ranking of the 200 Best and Worst Jobs for 2010. Accounting came in at...…

Darren Root, CPA, CITP, CGMA

 Best Job in America? Actuary, Actually

February 8, 2010 

Best Job in America? Actuary, Actually

While there probably aren’t too many young children dreaming of statistics-driven actuarial analysis, a recent study by online job search engine CareerCast has found that actuaries have the “best job in America.” The accounting profession was cited as the 9th “best job.” The study, onCareerCast’s website, rated professions on several factors, including physical demands, work...…

Isaac M. O'Bannon

 New Accounting White Paper and Paperless Pub Now Available

January 28, 2010 

New Accounting White Paper and Paperless Pub Now Available

One new accounting publication on “less paper,” and one white paper on a how to establish a dialog with clients on sales tax are now available for purchase or download. These are notable works from two experts. “How to Talk to Your Clients about Sales and Use Tax,” a free guide for CPAs to sales and...…

Scott Cytron

 A Lesson to Learn From Cross Country Skiers: Pace Yourself

January 27, 2010 

A Lesson to Learn From Cross Country Skiers: Pace Yourself

Pace yourself: Wisdom suitable for a seasoned athlete … or a dedicated tax and accounting professional. With the 2010 Winter Olympics just around the corner, many Americans will be tuning in to watch the elegant figure skaters and speed hungry bobsledders. And would someone please help me understand the allure of the 500 year-old sport…

Tom Ellsworth

 Congress Passes Haiti Aid Bill

January 27, 2010 

Congress Passes Haiti Aid Bill

Democratic and Republican leaders in the House and Senate joined an effort to quickly pass legislation that allows U.S. taxpayers to deduct their Haiti aid donations on their 2009 income tax returns.

Isaac M. O'Bannon

 IRS Proposes Registration, Testing, CPE for All Paid Tax Preparers

January 27, 2010 

IRS Proposes Registration, Testing, CPE for All Paid Tax Preparers

With tax and accounting professionals heading into the beginning of the TY 2009 income tax filing season, the IRS has announced significant new changes that it plans to implement starting in Jan. 2011, along with enhanced enforcement measures that will start this season. The changes are geared toward providing regulation of the thousands of unlicensed...…

 OCR Technology is Good for the Firm and Client

January 26, 2010 

OCR Technology is Good for the Firm and Client

Recently, when I was scanning my e-mail, a press release from Thomson Reuters jumped out at me calling attention to its Source Document Processing Service:   The Tax & Accounting business of Thomson Reuters announced today that its Source Document Processing service is off to a strong start this tax season, having already processed thousands...…

Darren Root, CPA, CITP, CGMA

 Congress Passes Haiti Aid Bill: Donations Deductible for 2009

January 22, 2010 

Congress Passes Haiti Aid Bill: Donations Deductible for 2009

As an update to a blog post a few days ago, both chambers of Congress have now passed legislation enabling taxpayers to claim charitable deductions made for Haiti aid relief efforts on their 2009 tax returns. The Haiti Assistance Income Tax Incentive Act passed through the House of Representatives unanimously yesterday, and quickly moved through...…

Isaac M. O'Bannon