January 2, 2007

> Don’t Miss These Upcoming Chapter Events!

Tax Update: MO Department of Revenue & Internal Revenue Service

January 9, 2007--St. Louis, MO

CPE: 2 Hours

8:30am - 10:30am (Registration at 8:00am )

http://www.mocpa.org/public/Catalog/CourseDetails.aspx?
courseID=07L0109

Missouri & Kansas Tax Update

January 19, 2007--Kansas City, MO
CPE: 2 Hours

11:30a - 2:00pm (Registration at 11:00a )

http://www.mocpa.org/Public/Catalog/CourseDetails.aspx?
courseID=07K0119

> Register for 2007 CPA Day in Jefferson City!

Every year, hundreds of CPAs gather in Jefferson City for the annual CPA Day. This is the profession's most visible opportunity to provide a collective voice to Missouri's legislators. Plan now to attend the new evening reception with the legislators, as well as the follow up meetings the next day--January 23-24.

http://www.mocpa.org/Content/22365.aspx

> MSCPA Small Firm Networking Roundtables

Register today for the very successful MSCPA Small Firm Networking Roundtables! Ideas and every day issues are shared and openly discussed among the participants. Registration is filling quickly for these great events--January 12 in St. Louis and May 9 in Kansas City!

http://www.mocpa.org/Content/21056.aspx.

> Measuring and Retaining New Hires in CPA Firms
At a time when accounting firms are actively trying to recruit and retain top talent, Harcourt Assessment, a leading talent assessment provider, has released a white paper covering what is necessary to achieve and retain a good hire.

http://www.accountingweb.com/cgi-bin/item.cgi?id=102937&d=815&h=817&f=816&dateformat=
%B%20%e,%20%Y

> Job Growth Continues in Missouri

Missouri labor market conditions improved in November. Employment was higher and unemployment lower than in October, on a seasonally adjusted basis. Nonfarm payroll employment increased by 2,400 jobs, on a seasonally adjusted basis, to 2, 756,000. In addition, estimated October employment was revised upward from the preliminary estimate by 6,700 jobs. Missouri has created 45,400 jobs since January 2005.

http://www.ded.mo.gov/cgi-bin/dispress.pl?txtpressid=1827

> GASB Proposal Would Establish Guidance for Intangible Assets
Last week, GASB issued a proposal that would establish accounting and financial reporting guidance for intangible assets. The proposal describes an intangible asset as an asset that lacks physical substance, is nonfinancial in nature, and has an initial useful life extending beyond a single reporting period. Examples of intangible assets include easements, computer software, water rights, timber rights, patents, and trademarks.

http://www.gasb.org/news/nr122706.html

> IRS Announces Installment Agreement User Fee Increases for Some Taxpayer
Effective the beginning of this year, the Internal Revenue Service has implemented revised user fees for installment agreements. For eligible individuals with income at or below certain levels, the fee for entering new agreements has not increased but remained at the 2006 level.

http://www.irs.gov/irs/article/0,,id=165543,00.html

> PCAOB Proposes Revised Auditing Standard on Internal Control over Financial Reporting
The PCAOB voted unanimously to propose for public comment a new standard on auditing internal control over financial reporting and other related proposals. The proposed standard would replace the Board’s existing internal control standard, Auditing Standard No. 2.

http://www.pcaobus.org/News_and_Events/News/2006/12-19.aspx

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> Measuring and Retaining New Hires in CPA Firms At a time when accounting firms are actively trying to recruit and retain top talent, Harcourt Assessment, a leading talent assessment provider, has released a white paper covering what is necessary to achieve and retain a good hire.

Sponsored By: Accountemps

> Measuring and Retaining New Hires in CPA Firms
At a time when accounting firms are actively trying to recruit and retain top talent, Harcourt Assessment, a leading talent assessment provider, has released a white paper covering what is necessary to achieve and retain a good hire.