Wednesday, April 29, 2009

Make Sure Your CPE Is Documented!

MSCPA reminds all Missouri CPAs to take a few minutes to make sure you plan to take and document all required CPE not only for this year (minimum of 20 hours), but for the past three years (minimum of 120 hours).

Missouri accountancy law also requires that each Missouri CPA take two hours of ethics CPE per year to maintain licensure. It is critical that all your CPE is properly accounted for and documented. The Missouri State Board of Accountancy (MOSBA) does CPE audits on a random, but continuous basis.

Remember—all courses you take through the MSCPA are properly documented and members have complete access to their CPE transcript 24 hours a day. MOSBA will accept MSCPA transcripts for use during a CPE audit.

The Missouri Society of CPAs is here to help you through this process!

Wednesday, April 22, 2009

CFOs On IFRS: Forget About It!

Many companies are taking a wait-and-see approach to the IFRS momentum, which seemed to be moving fast under Cox precrisis, but has now hit a standstill.

More than two-thirds of financial professionals have not budgeted for converting to IFRS, according to a Deloitte & Touche survey in March of 150 CFOs and finance managers.

Read more at CFO Magazine:

Wednesday, April 15, 2009

Should Businesses Twitter?


Our teenagers get it...but do we get it?

Many of us don't. Does Twitter belong in your business? It's definitely the latest trend. See how Forbes Magazine compiled a number of articles that explain that Twitter may have a place in your business:

Wednesday, April 8, 2009

Ten Things To Buy Before The Economy Improves

CPAs are good with money, right? Well, do you agree that people (who can afford to) buy these items while the prices may be low?

Wednesday, April 1, 2009

Special Tax Break Available for New Car Purchases This Year

The IRS announced yesterday that taxpayers who buy a vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year.

The deduction is limited to the state and local sales and excise taxes paid on up to $49,500 of the purchase price of a qualified new car, light truck, motor home or motorcycle.

The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $125,000 and $135,000 for individual filers and between $250,000 and $260,000 for joint filers.

IRS also alerted taxpayers that the vehicle must be purchased after Feb. 16, 2009, and before Jan. 1, 2010, to qualify for the deduction.

The special deduction is available regardless of whether a taxpayer itemizes deductions on their return. The IRS reminded taxpayers the deduction may not be taken on 2008 tax returns.