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Tax season issue for practitioners ... by practitioners.

In this year-end tax season issue, we wish not only to recognize Sidney Kess as the Top Practitioner for 2006 but also to thank him for so graciously sharing his extensive knowledge with us. We are fortunate to be on the receiving end when Sid taps into his breadth of knowledge for the Tax Advisor columns appearing in every issue, and for the articles on timely topics he often initiates, such as the Hurricane Katrina Tax Relief explanation in our November issue. Regardless of his fame in the accounting world, Sid remains warm and charming--traits our cover photographer, Joseph Moran (www.josephmoran.com), and his associate, Julie Hera, commented on more than once after their photo session with Sid in his Rockefeller Plaza office in New York City. Sid, you're the best! Thank you.

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Our Financial Advisor columnist also is in New York City. Phyllis Bernstein feels compelled to encourage practitioners to help clients teach their children about money. "Financial literacy is a tremendous problem in our country," Phyllis says, "and not just among the uneducated or poor. Parents need to know that teaching practical economics and personal financial decision-making skills to their children is vital to an individual's success and well-being and ultimately will contribute to ensuring a strong national economy." As you meet with clients during the upcoming tax season, ask them how they're teaching their children about money matters. We'd enjoy hearing how they respond.

Also in the issue, Tom Davis completes his four-column series on the paperless office in Practice Management Advisor, and Accounting Advisor Edward Knauf summarizes three recent ethics rulings in which the AICPA establishes guidelines for members when outsourcing services to third-party service providers. Contributing for the second time as Practice Advisor, Bill Parrish teaches how to identify the clients in your practice needing to be "fired": Hey, it's a new year--out with the old [clients taking up too much time for too little return], and in with the new [clients contributing generously to bottom line profits].

We extend a special welcome to reviewer Tom Johansmeyer who contributed the reviews on tax suites software which include client write-up. Be sure to peruse the lineup of reviews on fixed assets software as well as document management applications.

Since this is the last issue for 2005 and the first issue for 2006, let us be the first to wish you Happy New Year ... and many happy returns during the tax season ahead.

--Joyce Elven, Managing Editor
COPYRIGHT 2006 National Society of Public Accountants
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006 Gale, Cengage Learning. All rights reserved.

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Author:Elven, Joyce
Publication:The National Public Accountant
Date:Dec 1, 2006
Words:423
Previous Article:Tax considerations of merging a practice; Case study: merging a professional service corporation into a partnership.
Next Article:Key tax changes for 2005 individual returns.


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