August 19, 2008

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> HURRY…LAST CHANCE FOR ST. LOUIS FIRMS! Recruiting Opportunity for Your Firms—200 Students Expected At Each Location! MSCPA has introduced a new recruiting event titled the LEAP Accounting Career Expo (ACE). This event—which will be held in St. Louis and Kansas City—features speakers, exhibit time, networking, and dinner with future CPAs. Nearly 100 students have already registered in each location. Capacity is expected to hit in the next two weeks! St. Louis ACE—Tuesday, September 9 Kansas City ACE—Tuesday, October 21 http://www.mocpa.org/ace ________________________________________________________ > CPA Jobs! Right now, there are 12 CPA jobs posted on the MSCPA Career Center. http://careers.mocpa.org/ ________________________________________________________ > New Format for the Small Firm Networking Roundtables! Come see why past participants keep coming back to the small firm networking roundtables, and enjoy the NEW format!  All roundtables meet 9:30 a.m. to 3:30 p.m. and offer 6 hours of CPE credit for the cost of $99.  Register for all three for just $250! Friday, November 14, 2008—Columbia Friday, January 9, 2009—St. Louis Friday, May 8, 2009—Kansas City http://www.mocpa.org/Content/21056.aspx ________________________________________________________ > MSCPA Fall Committee Day is Approaching! If you want to build business contacts, learn best practices, and swap ideas…join one of MSCPA’s fast-paced and rewarding committees!  MSCPA committees represent many facets of the CPA profession, as well as an array of MSCPA operational functions.  Register now for the next MSCPA Committee Day! Friday, September 19, 2008 9:30 a.m. to 2:00 p.m. Courtyard by Marriott in Columbia Register now! Review the list of MSCPA committees and sign up today! http://www.mocpa.org/Content/CommitteesMain.aspx ________________________________________________________ > IRS Revises Voluntary Correction Program for Retirement Plans The IRS issued updated guidance on the voluntary correction program for employee retirement plans – the Employee Plans Compliance Resolution System (EPCRS). http://www.irs.gov/newsroom/article/0,,id=185837,00.html ________________________________________________________ > How AMT Confuses Taxpayers A new Treasury Department report says about 226,000 federal income-tax returns filed in 2006 either failed to include the AMT when it apparently should have been or contained "discrepancies" in calculating the amount of the tax. http://accounting.smartpros.com/x62898.xml ________________________________________________________ > Has The IRS Lost Its Appetite For Collecting Payroll Tax? Evidence suggests that many businesses are no longer taking their obligation to pay and remit payroll tax seriously. According to recent GAO report, as of last September 30, 1.6 million businesses owe the IRS in excess of $58 billion in payroll taxes, interest, and penalties. That is the amount accumulated over a period of ten years. Taxes that have been owed for longer than ten years may have been permanently lost, due to a statute of limitations. http://www.accountingweb.com/cgi-bin/item.cgi?id=105742 ________________________________________________________ > More Fraud Reported Through Tips Than Audits Despite increased focus on anti-fraud controls in the wake of Sarbanes-Oxley and mandated consideration of fraud in financial audits due to SAS 99, new data shows that occupational frauds are much more likely to be detected by a tip than by audits, controls or any other means, according to a new report. http://accounting.smartpros.com/x62633.xml _________________________________________________________ Sponsored By: Information, Inc. Information Inc.'s handcrafted business intelligence services provide up-to-the-minute information on critical issues. Decision-makers in more than 2,000 major corporations, associations and government agencies worldwide have relied on our comprehensive news services for the past 22 years. To learn how our timely, targeted, custom services can help you compete in the 21st century, go to: http://www.infoinc.com/s tatecpa/contact.html Technology & Productivity Weekly is a membership benefit and is intended for your personal use only. This Week's Headlines How to Create a Successful Web Site for Nothing (or Almost Nothing) Small Firms Vulnerable to ID Theft, Experts Say Taking Your Practice Online Web 2.0 Does the Business Wireless World: Shaping the Way We Live Changing Your SME's Email Platform With New Technology, Virtual Meetings Finally Get Real Is VoIP the Answer? Internet Telephone Solutions Can Offer Increased Productivity, Decreased Costs

CPE 2008 For CPAs in Public Practice Conferences: Women’s Retreat August 25, 2008—St. Louis Visit the MSCPA Conferences Main Page! Last Chance: Search all MSCPA courses here! QuickBooks for Accountants September 03, 2008—Columbia Excel-Based Dashboard/Office 2007 for Accountants September 4, 2008—St. Louis Advanced QuickBooks September 5, 2008—St. Louis September 10, 2008—Kansas City Fraud & Embezzlement: Don't Be a Victim! September 8, 2008—Kansas City September 9, 2008—Springfield FASB/APB Update and Review September 8-9, 2008—St. Louis Compilation & Review Engagement Essentials September 11, 2008—Columbia Seminars: Search all MSCPA courses here! Advanced Excel September 29, 2008— St. Louis Technology for CPAs — Don't Get Left Behind! September 30, 2008— St. Louis Top 50 Bloopers and Blunders and How to Fix Them: Estate Planning and Administration October 1, 2008—Columbia Information Security: Protecting Your Documents, Networks, and Identity October 1, 2008—St. Louis Fiduciary Income Tax Returns— Form 1041 Workshop October 2, 2008—Springfield Complete Trust Workshop! October 2, 2008—Kansas City Small Business Retirement Plan Review: New Roth 401(k)s, Keoghs, Traditional 401(k)s, IRAs, SEPs, and SIMPLEs October 3, 2008—Springfield Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Baby Boomer Needs to Know Now October 3, 2008—Kansas City Business Essential Skills Training (Best) Cluster Classes: Coaching: Enhancing Employee Performance September 24, 2008—St. Louis Effective Workplace Communication September 24, 2008—St. Louis Difficult People: Success with Finesse September 25, 2008—St. Louis CPA's Guide to Improving Communication, Listening & Writing Skills September 25, 2008—St. Louis ________________________________ Technology Tip of the Week Provided by the MSCPA Information Technology Committee Excel Formulas That Read Your Mind Q: Help! I seem to have forgotten something very, very simple. I have a spreadsheet with a kind of running total in each row—a formula that uses data from the row itself and from the row above it. If I delete any of the rows, the formula result becomes #REF! for that row and all rows below it. Originally the formula in row 19 was ,i>=IF(D19+E19>0, G18+D19E19," "). After deleting row 19, it becomes =IF(D19+E19>0,#REF!+D19-E19," "). Why did only part of the formula adjust? More To view recently archived issues of “Technology Tip of the Week,” go to: http://www.mocpa.org/Content/22269.aspx ________________________________ Contact Us For comments or questions, contact: Dawn Martin - dmartin@mocpa.org To view online: http://www.mocpa.org/Content/files/ newsletters/2008/news081908pp.html For technical assistance, contact: Christy Aven -caven@mocpa.org To update your e-mail address: Please include your old e-mail address, new e-mail address and MSCPA member ID (if known) and send it to member@mocpa.org. Please note: This newsletter may contain commercial material. Missouri Society of CPAs 540 Maryville Centre Drive, Suite 200 St. Louis, MO 63141 © 2008 Missouri Society of Certified Public Accountants - All Rights Reserved