Clifton Gunderson

Spring 2010

Relationships Magazine

Online banking, ATMs, debit cards, smart cards, PayPal™ – these are just a few of the ways that our wired world is transforming currency and coins into digital cash. Check up on The Future of Money and other timely topics in this issue of Relationships.

The Future Of Money - Are We Headed For A Cashless Economy?

Some say that art reflects life. But can a classic board game reflect life? That’s what seems to be going on with the Monopoly® Electronic Banker Edition, which replaces the colorful play money we all know and love, with electronic card readers and plastic debit cards.
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IRS Continues To Expand Its E-File Options

When the first Form 1040 was printed by the Internal Revenue Service nearly 100 years ago, it consisted of four pages, including instructions. As anyone who has ever filed a tax return can testify, things have changed.
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Lower Valuations May Be A Silver Lining In The Dark Economic Clouds

We’ve all read the headlines and felt the impact of the worst recession since the Great Depression. With this protracted downturn in the economy, many businesses have experienced a significant reduction in both revenues and net income. There doesn’t appear to be a consensus as to when a sustained recovery can be expected.
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Digital Filing Mandate - E-Filing Is Now Mandatory For Employee Benefit Plans

The Department of Labor (DOL) has crossed the fine line between offering online services and mandating online services. It’s happening this year with Form 5500, Annual Report/Return for Employee Benefit Plans. The form must be filed each year by more than 1 million retirement and other employee benefit plans to satisfy annual reporting requirements under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code.
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Write It Down - The Importance Of Documenting Internal Controls In Writing

“If it’s not written down, it doesn’t exist.” So goes the mantra of the executive charged with documenting and implementing internal controls. In today’s paperless, wireless, digital business environment, there are even more compelling reasons for documenting not only how controls are designed to work, but also evidence that controls are being implemented and are functioning effectively.
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