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Hi, Friend. Here are your Articles for January 24, 2007.
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 Time is ticking for companies to get ready for the new US accounting rule, FIN 48 (Financial Interpretation Number 48, Accounting for Uncertainty in Income Taxes). FIN 48 will affect all public and private companies issuing financial statements in accordance with GAAP. It is among the most significant tax accounting developments in a number of years, and has broad implications and a relatively short implementation window for affected companies (applying to accounting periods commencing after December 15, 2006). Read on for more details. |
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 You've seen it before but we'll show you again; McKonly & Asbury's David Blain, the insurance industry business leader for M&A, continues to find his article, "The Insurance Industry and SOX" being published in trade journals and industry periodicals both near and far. Sumnews, The newsletter of the Massachusetts Society of Certified Public Accountants, Inc. is the most recent publication to highlight Blain's article as a valuable resource for today's insurance industry. Read on for the full article! |
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 Every nonprofit faces the dilemma of needing to do more with less. Compliance issues like taxation are critical management functions. To help nonprofits, the Internal Revenue Service has launched a new Internet-based version of its popular Exempt Organizations Workshop covering tax compliance issues confronted by small and mid-sized tax-exempt organizations, including charities and churches. The target audience for the free online workshop, Stay Exempt – Tax Basics for 501(c)(3)s, is organizations that have no tax experts on staff or have no or limited contact with outside advisors on tax compliance issues. Read on for more details and a link to the workshop. |
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation.
The drafter of the tax articles in this e-newsletter did not intend nor write the advice to be used to avoid any penalty imposed by a taxing authority, nor may any user/recipient of this document use this document’s written tax advice for that purpose. This document’s tax advice was written specifically to support the promotion or marketing of the transaction/matter addressed by the written tax advice. Therefore, any user/recipient of this document should seek an independent tax professional’s advice regarding the user/recipient’s particular circumstances.
The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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