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The National Public Accountant

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Who will change old lamps for new ones?(analyzing financial statements)
"I am deeply concerned about some of the accounting practices that take place in America," said President George Bush (Business Week, July 8, 2002, page 32). This is not a new fear or a new idea. . . .

How to value an accounting firm.
As accountants, we often need to place a value on accounting practices in situations such as the sale of a practice, the acquisition of another practice, estate and succession planning, and . . .

The basic success principle.(Brief Article)(Excerpt)
There is a direct relationship between the number of different things you attempt and your likelihood of eventual success. If a new salesperson gets up early each morning, plans his day, works . . .

Develop a positive mental attitude.(Brief Article)(Excerpt)
A key to high energy is the elimination of negative emotions. Your ability to keep your mind on what you want and off what you don't want will determine your levels of health and happiness more . . .

Cash purchase vs loan vs lease to obtain a capital asset.
Leasing is the fastest growing form of capital investment. It is estimated that leasing provides about one-eighth of the world's equipment financing requirements. In the U.S., the percentage is . . .

Small businesses can have same retirement savings advantages as big companies.
Once upon a time, only very large firms could offer a formal retirement plan for their owners, officers and employees. In fact, giving up the opportunity to partake in a retirement plan was one of . . .

Managing underperformers.(Today's Accounting Manager)
As a manager, perhaps one of the most difficult situations you may face in your career is dealing with underperforming employees. How you respond can determine whether a problem is quickly resolved . . .

Handling NSF and voided checks.(Troubleshooting QuickBooks & Peachtree)
Q. I received a notice from the bank that a customer's check has been returned. What is the best way to handle it? A. Unfortunately, as a part of doing business, occasionally you may receive an . . .

Small business alternative: the cooperative.
The phrase "small business" is a misleading one. The small business sector accounts for 99% of all U.S. employers. In the year 2001, there were approximately 22 million small businesses in . . .

The less baggage the easier the ride.(Brief Article)(Excerpt)
Many self-help books point out that "life really is a journey and the less baggage we carry the easier the ride." Baggage is doing business with people who you do not like, do not trust or . . .

Self-employment and home-based business.
WORKING FOR YOURSELF: THE GOOD, THE BAD AND THE UGLY Working for yourself can be both financially and spiritually satisfying, although the lot of the self-employed is not always easy. You need to . . .

What's the single, most important item I should look at when buying a new computer for business use?(Making Sense Out Of Your Mi
The gigahertz speed, right? Usually, you know how much you are willing to spend on a computer before you actually purchase one. Because computers are becoming so inexpensive, many people are . . .

The ABC's of LLCs.(limited liability companies)
Editor's Note: Throughout the year, many calls to our Tax Desk deal with Limited Liability Companies (LLCs). Bernie Phillips, NSA's Tax Manager, says, "Attorneys set up LLCs and neither the . . .

2002-2003 accomplishments--really good news!(Message from President Harold F. Krieger, Jr.)(National Society of Accountants)
Teamwork definitely made the dream work during my year as NSA President. I was very privileged to have a first-rate leadership team that worked together for the benefit of our members. The result . . .

Just how small is your business?
Do all your client records fit in the trunk of your car? Does your Rolodex consist of both sides of a 3-by-5 note card? Does your busy season extend from noon to midnight on April 15? If you . . .

How to convert a million dollar taxable IRA to ten million dollars of tax-free cash without risk.(individual retirement accounts
The strategy outlined below is valuable because of these basic facts: * Many individuals have large balances in taxable Individual Retirement Accounts (IRAs) due to long-term growth, rollovers, . . .

Make Google your business partner.(Getting Down To Business)(online business research)
It's hard to remember how things were before Google. When I first started in the consulting business, our office was a "field office" of one of the big-name national PR firms. Our masters instilled . . .

New law.(Questions To The Tax Desk)
Q. The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) increased the Section 179 expensing. Please give the details: A. The new maximum deduction al. lowed has jumped from $24,000 . . .

2003 Editorial calendar for the National Public Accountant.
2003 Editorial Calendar for the National Public Accountant THE OFFICIAL JOURNAL OF THE NATIONAL SOCIETY OF ACCOUNTANTS Issue Editorial Focus Articles Due October Technology . . .

Estate and income tax planning--gift tax exclusions. (Client Report).
JULY 2003 If you're like most people, you don't like to think about planning your estate. But it's an important part of ensuring the financial security of your loved ones. One of the most common . . .

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