Cohnnection - 4th Quarter 2009
11/12/2009
Welcome to Cohnnection, J.H. Cohn's quarterly e-newsletter.
In this issue, 4th Quarter 2009, you will read about:
- FIN 48: A Practical Approach to Adoption and Compliance
Since 2006 all public companies and some non-public companies have been accounting for their uncertain tax positions under FIN 48, Accounting for Uncertainty in Income Taxes, the standard by which entities must account for uncertain tax positions. Now, all entities with annual periods beginning after December 15, 2008—including S-corporations, partnerships, and not-for-profit organizations—must comply.
Economic Upturn: More Tortoise Than Hare
The end of the economic downturn, while welcome, provides little insight into the timing, pace, or durability of the eventual rebound. This is particularly the case in the aftermath of a global downturn that ends with household balance sheets in disrepair and key sectors depending on fiscally challenged governments for life support.
The Revitalization of Subpart F
"Check-the-Box" regulations were adopted to minimize uncertainty and simplify IRS administration, and also had the unexpected benefit of reducing the effectiveness of Subpart F while creating other planning opportunities. Now on the table are provisions created to increase revenue by increasing taxes on U.S. multinationals.
The Art of Business Intelligence
There are countless new methodologies and tools available to rapdily deliver information into the hands of those who need it, often leading to faster decision making, faster time-to-market, and a competitive edge.
Competing In the Renewable Energy World
More than $120 billion was spent in 2008 alone on renewable energy technology, including solar and wind power, alternative fuels such as biodiesel, and fast-growing tree farms. Now, as state legislations begin to mandate the levels of renewable energy a business must use or a utility must generate, businesses are increasingly pressured to successfully position themselves to share in this growing segment.
Employers Challenged to Make Health Plans Efficient, Effective
How are employers coping with rising healthcare costs and cost containment strategies? Find out in the 2009 J.H. Cohn Health Benefits Survey report.
Click here to read this issue of Cohnnection.