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Internal Control: Test Your Knowledge
(Journal of Accountancy) -Today many companies recognize the desirability as well as the requirement to have an effective system of internal control. Yet, designing and implementing a cost-effective system of internal control is a daunting, if not overwhelming, task.
Trade Properties To Keep The Tax Man At Bay
(Forbes) – Like-kind exchanges can mean much lower tax bills on real estate for savvy investors.
Wyden, Gregg Unveil Tax Reform Bill
(CCH) – Senate Finance Committee members Ron Wyden, D-Ore., and Judd Gregg, R-N.H., on February 23 unveiled a broad tax reform proposal that they say would create a simpler and fairer system by lowering tax rates and eliminating narrow tax breaks that benefit special interests. The plan would also simplify tax returns into a one-page Form 1040.
H&R Block Shares Slump as Outlook Disappoints
(Rueters) – The largest U.S. tax preparer warned that its 2010 profit would disappoint as higher unemployment levels led to fewer tax filings.
Deposit Money by Taking a Photo
(USA Today) – In the near future, you might not even have to visit a bank or an ATM to deposit a check. You’ll simply snap a couple of photos of it with your cellphone.

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