Obama Presidency Could Worry Tax Clients

President-Elect Barack Obama is expected to take a more regulated, Clinton-esque view on family limited partnerships and close any perceived "loopholes" that currently allow clients to transfer assets to minimize their tax burden, reports WebCPA.

Check out the article at:
http://www.webcpa.com/article.cfm?articleid=29794

New generation of workers want technology their way

Millennial generation students and employees (those aged 14 to 27) expect to use their own technology and mobile devices for work and are increasingly choosing their place of employment based on how accommodating companies are to their personal technology preferences, according to a survey released today by Accenture.

Read more at:
http://www.accountingweb.com/cgi-bin/item.cgi?id=106380&d=883&h=884&f=882&dateformat=%o%20%B%20%Y

Presidential Tax Plans

With the election less than a week away, SmartPros has gathered some resources to help you get up to speed on the candidates' tax plans.

http://accounting.smartpros.com/x63583.xml

Are Schools Ready To Teach IFRS?

The St. Louis Business Journal reports that local universities’ accounting departments have begun preparing their curriculum in anticipation of the change in financial reporting procedures from U.S. generally accepted accounting principles (U.S. GAAP) to International Financial Reporting Standards (IFRS).

Check it out:
http://www.bizjournals.com/stlouis/stories/2008/10/20/focus2.html?b=1224475200^1717715&brthrs=1

Learn More About Microsoft Office 2007

Wondering about the new features and capabilities of Microsoft Office 2007. Look no further!

The Missouri Society of CPAs has published an article written by frequent discussion leader Randy Johnston of K2 Enterprises.

The article walks users through the different features of this new application and helps you learn how to use it to maximum benefit!

www.mocpa.org/techarticle

Profession Applauds Financial Stability Bill

AICPA President and CEO Barry Melancon released an official statement about the recently passed bailout legislation.

He said "CPAs will roll up our sleeves to do our part to help individuals and businesses move forward...the AICPA is pleased Congress avoided calls by some for an immediate suspension of fiar value accounting rules."

He further stated: "Our longstanding position is that accounting standards ultimately should be set by the private sector."

See the full statement here:
http://www.aicpa.org/download/news/2008/AICPA_APPLAUDS_HOUSE_PASSAGE_OF_FINANCIAL_STABILITY_BILL.pdf

Fair Value Accounting & Its Role In Today's Economy

Many questions have been swirling around fair value accounting and how it affects firms and companies during this economic crisis.

The AICPA has put together a "frequently asked questions" about fair value accounting and some of the questions surrounding it.

http://www.aicpa.org/MediaCenter/fva_faq.htm