Microsoft Discontinues Accounting Software

PC World – Microsoft is spiking its Office Accounting software family and will stop distributing the products as of Nov. 16, according to a posting on the company’s Web site. http://news.yahoo.com/s/pcworld/20091030/tc_pcworld/microsoftdiscontinuesaccountingsoftware Posted by J. Michael Stolp from my Blackberry.

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Networking Tips for all Generations

A friend of mine once told me that he doesn’t go to networking events anymore since he’s proven himself to his employer and he’s now more established.  Now only the younger members of his company attend networking events – just to impress the boss. I was amazed at this statement but not surprised.

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Survey: Arizona, California companies likely to switch to Windows by 2011

Windows 7 may give a boost to the lagging personal computer industry as 86 percent of companies from mid-sized to Fortune 500 plan to switch to the new operating system in the next 18 months. http://feeds.bizjournals.com/~r/bizj_phoenix/~3/IW00HsQOq_A/daily82.html Posted by J. Michael Stolp from my Blackberry.

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Two eyes, Two ears, One mouth.

Ever in a tense situation and suspected it could turn ugly quickly?  Tension and emotion was high, situation was mission critical and participants were frustrated.  Oh, only yesterday you say!  Here are three quick things you can do to defuse tense situations.  These tips were recently presented at a CPE seminar I attended.  I thought [...]

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Carolyn Sechler, CPA, honored by Alzheimer’s Foundation

CPAs in the community make a difference every day. Carolyn Sechler, CPA, was honored on October 13 by the Alzheimer’s Research & Prevention Foundation for her more than 10 years of service to this organization based in Tucson: www.AlzheimersPrevention.org. Carolyn shared her passion for supporting this organization’s work to prevent Alzheimer’s disease without drugs when [...]

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IRS Says Infant Formula for Child of Mastectomy Patient Not a Medical Expense

In Private Letter Ruling 200941003, the IRS turned down the request of a taxpayer to be able to deduct infant formula as a medical expense.  The woman in question had undergone a double mastectomy to address two medical conditions.  She later gave birth to a healthy child.  She asked the IRS to rule that she [...]

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When was the last time you had a really good conversation?

One of my clients invited Margaret Wheatley to present at an all day conference.  The focus was on using conversation to build relationships that produce positive results.

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How do you give back to the community?

We want to hear how you give back to the community. Share your story by commenting on this blog post, or our LinkedIn or Facebook Group by Oct. 22 and you will be entered in a drawing to win one of two free admissions to the ASCPA’s networking event on Nov. 5. Also, if you have [...]

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IRS Reverses Course on $1,100,000 Acquisition Debt vs Equity Debt Issue

The IRS Chief Counsel’s office has done an apparent “about face” regarding the treatment of acquisition debt on a home. In Chief Counsel Advice 200940030 issued on October 2, the IRS decided that a taxpayer can treat up to $100,000 in excess of the $1,000,000 limit on acquisition debt as “home equity debt” for deduction [...]

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Results of Google Search Not Reasonable Cause for Failure to Report Income

A former CPA’s attempt to establish a “self-directed” IRA failed to comply with the requirements of the law, subjecting the distribution he received from his Vanguard IRA to tax―a matter not in question in this case. But in the case of Woodard v. Commissioner, TC Summary Opinion 2009-150, the former CPA argued that he should [...]

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