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While document management woes become more sophisticated as firms shift toward that Holy Grail of a paperless—or at least paper-reduced—environment, firms are finding that long before switching to new systems, it's firm-wide attitudes and habits that need upgrading.
January 1 -
Year-end planning is now behind us. Many believe that the failure of the joint congressional committee to reach a deficit reduction agreement pushes fundamental tax reform off at least until after the 2012 elections. Some tax changes are still possible with respect to jobs promotion and extending expiring provisions, but those efforts will be primarily focused on 2012. So, what do we know now about what is new for the 2011 tax return filing season?
January 1 -
Both your editorial and the article "A line in the sand" (November 2011, page 1) miss the point. "The three-decade-old issue of private standards" is being addressed once again. And that's good! The problemis that the solutions being put forth have one major fault. There is no real representation of small business in the Financial Accounting Standards Board or the proposal for the American Institute of CPAs to be the standard-setting body for small business.
January 1 -
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A college classmate of mine who was an unabashed Europhile often lectured anyone within shouting distance about how many of the famous trends throughout history - whether in clothing styles, literature, art, cuisine or automobile design - inevitably began in Europe before gradually making their way across the Atlantic. His ultimate goal was to travel throughout that continent and, with any luck, have a manuscript chronicling his adventures published. Sadly, he fell well below his Hemingway-esque ambitions - save for a protruding stomach and bushy beard - and last I heard he was operating a bookstore/café somewhere outside Lyon.
January 1 -
When we started drafting this column, the national media was filled with tributes to Steve Jobs, the acclaimed visionary founder and personification of Apple. Although it's always hard to separate hype from truth about a larger-than- life persona, Jobs is/was known for his ability to see things no one else could.
January 1 -
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Many of us on the Blue Ribbon Panel on Standard-Setting for Private Companies believed we were on the verge of an historic change that would have relieved millions of privatecompanies of accounting standards geared more to the needs of public companies and their financial statement users. That's why there is so much disappointment over the fact that the recent proposal by the Financial Accounting Foundation rejected the cornerstone of the panel's recommendations - to create a new standard-setting board that would have the authority to establish modifications in Generally Accepted Accounting Principles that reflect differences for private companies.
January 1 -