Cohnnection - 3rd Quarter 2009
6/19/2009
Welcome to Cohnnection, J.H. Cohn's quarterly e-newsletter.
In this issue, 3rd Quarter 2009, you will read about:
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The Effects of IFRS
While International Financial Reporting Standards (IFRS) have not been adopted by the SEC, a proposed roadmap has been issued, giving rise to the need for all stakeholders to develop a general understanding of IFRS early and its potential impact on their business practices, say J.H. Cohn audit partner William A. Kowals and senior manager Lou Pizzileo.
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Tax Proposals Released for FY 2010 Federal Budget
The Obama Administration has released numerous domestic tax proposals for the FY 2010 budget, including some affecting upper-income individuals and businesses.
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Tax Changes and the Economic Stimulus Bill
The American Recovery and Reinstatement Act of 2009 is an $800 billion stimulus package with $300 billion in tax relief – do you know how it will impact you and your business?
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The Godot Recovery
When the economy finally begins expanding, we should dub it the "Godot Recovery"-- one whose arrival was long-awaited, oft-predicted, and endlessly delayed, says Patrick O'Keefe, J.H. Cohn's director of economic research.
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Harnessing the Power of Information
There is more information available than ever before, yet many managers continue to express frustration over the lack of easy access to data that is accurate, timely, and meaningful. A "balanced scorecard" approach may help, says David Rubin, a principal in Cohn Consulting Group.
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Strategies for Reducing Health Insurance Costs
Historic trends indicate that medical costs increase during times of recession, which begs the question, what can employers do to lower costs and maintain or improve the plans they offer? Alexander Chernoff, principal of Cohn Benefits Consultants, offers his insights on what areas employers need to focus on when it comes to benefits.
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SFAS 141(R): Applying the Acquisition Method
The Financial Accounting Standards Board (FASB) previously issued a new standard on business combinations, SFAS 141 (R) – Business Combinations. It includes certain changes to the previous business combination standard, SFAS 141 – Business Combinations. Do you know how this new standard, which is effective for acquisitions that close after December 31, 2008 for calendar year-end companies, may affect your business?
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