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- Goldman top economist says U.S. recession less likely
The risk of recession has receded in the U.S. over the past few months, and additional encouraging signs emerged when tax increases in January did not slow spending, said Jan Hatzius, an economist with Goldman Sachs. Also encouraging, Hatzius says, is Congress' decision not to delay an increase in the debt ceiling to win more spending cuts. MarketWatch
(2/19)     
 | Add Revenue, Not Workload
Hear from a panel of accountants who partner with myPay Solutions to process their clients' payroll without the liability and hassle, while providing top quality service from a trusted provider. Learn more at our free one hour webcast: ADDING REVENUE, NOT WORKLOAD: How Firms are Getting Ahead with myPay Solutions. Register
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- Business lending surges as banks seek growth
U.S. businesses are inundated with so many inexpensive loans that banks' margins are coming under pressure. Commercial and industrial loans increased 16% in 2012, according to SNL Financial. A Federal Reserve survey found narrowing loan spreads and relaxed lending standards. The Wall Street Journal
(2/19)
- Average price of gasoline rose 45 cents in the past month
The average price for a gallon of regular gasoline rose 45 cents to $3.75 a gallon in the past month, the fastest increase since 2005, AAA reported. The price jump is attributed to refinery maintenance and closures; decreased production from Saudi Arabia; unrest in Iraq and Iran; and economic recovery prospects in Europe, China and the U.S. The Washington Post
(2/19)
- Index shows a slip in homebuilders' confidence
U.S. homebuilders have become less optimistic this month, according to the National Association of Home Builders/Wells Fargo Housing Market Index. "This is partly due to ongoing uncertainties about job growth and consumer access to mortgage credit," NAHB Chairman Rick Judson said. "But it's also a reflection of the fact that builders are now confronting rising costs for building materials and, in some markets, limited availability of labor and lots as demand for new homes strengthens." Los Angeles Times (tiered subscription model)/Money & Co. blog
(2/19), eCreditDaily.com
(2/19)
 | AICPA Audit and Accounting Guides Set
This Audit and Accounting Guides Set summarizes applicable practices and delivers "how-to" advice for handling almost every type of financial statement. An online subscription provides access to all of the current AICPA Audit and Accounting Guides and industry-specific AICPA Audit Risk Alerts. > Order Now
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55 days left to file tax returns
- Building and maintaining a tax practice grounded in ethical behavior
Tax practice demands a strong ethical culture within firms for a number of reasons, including meeting professional responsibilities and avoiding the personal and financial risks that follow from unethical behavior. Tax professionals can find key principles of ethical conduct in a number of sources, starting with the AICPA Code of Professional Conduct. This article offers practical suggestions for ways a firm can communicate, reinforce and monitor a code of conduct in tax practice. The Tax Adviser
(2/2013)
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| | Minimize Data Entry, Simplify Tax Preparation
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- Houston could face insolvency
Houston's chief pension officer estimates that the city could add more than $2 billion in pension debt under new Government Accounting Standard Board rules. The city has $3 billion in net assets, so this change could push it into technical insolvency. GASB's new rules governing pensions were intended to have financial statements more accurately reflect actual liabilities. Houston Chronicle (tiered subscription model)
(2/15)
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- 5 ways to fight the flu and cold season's drain on office productivity
In a worse-than-average flu season, some workers are afraid to stay home when they are sick because they are uncertain about their job security, while others come in because they are overachievers or reluctant to fall behind. But encouraging employees to stay home when ill can be critical to maintaining overall productivity. Get tips on combating sickness in the workplace. CGMA Magazine
(2/5)
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Free webinar: Determine if a role in academia is the right fit for you
This free webinar, Beyond Vocation -- Navigating the Accounting Ph.D. Opportunity, to be held 2 to 3:30 p.m. ET on Feb. 27, provides insight into the world of accounting academia, the demand for accounting Ph.D.'s and the burgeoning career opportunity it presents to CPAs seeking to serve and inspire the next generation of CPAs. Steve Matzke, AICPA director of faculty and university initiatives, and Denise R. Hanes, CPA, doctoral student and Accounting Doctoral Scholar, will provide an overview of the current landscape of doctoral education and give tips on preparing a successful doctoral application. This webcast does not offer CPE.
| SmartQuote | | |
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 | We must travel in the direction of our fear."
--John Berryman,
American poet and scholar
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| About AICPA |
The American Institute of Certified Public Accountants is the world’s largest association representing
the accounting profession, with nearly 386,000 members in 128 countries and a 125 year heritage of serving the public interest. AICPA members represent
many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the
profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and
grades the Uniform CPA Examination and offers specialty credentials for CPAs who concentrate on personal financial planning; fraud and forensics; business
valuation; and information technology. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global
Management Accountant designation to elevate management accounting globally.
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| | Recent CPA Letter Daily Issues:
- Tuesday, February 19, 2013
- Monday, February 18, 2013
- Friday, February 15, 2013
- Thursday, February 14, 2013
- Wednesday, February 13, 2013
| | | Lead Editor: Jim Berard
Contributing Editor: Erika Morphy
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