Keep tabs on the money — every month

By Sandra Taylor-Sawyer: Local columnist Well, here it is the end of another month and whether a business has a bookkeeping service or their own computerized accounting program, chances are a profit and loss statement is available. What should be done with it? Don’t just file it away. It’s a valuable tool and this is […]

God’s grace: It just isn’t fair!

By Curtis K. Shelburne: Religion columnist A surpassingly strange story it is, and enough to make a math or accounting major bite nails. I’m talking about Jesus’ Parable of the Workers in the Vineyard (Matthew 20:1-16). Here’s the story in a nutshell: It’s grape-harvest in Palestine. A vineyard owner goes out early to hire men […]

Essential Records: A smooth sail

By Sandra Taylor-Sawyer: Guest columnist In the wake of April 15, it is common to analyze ones recordkeeping methods in order to ensure a smoother process for the next tax time. Not only is good recordkeeping essential in avoiding over or under payment of taxes; good records allow more efficient operation of a business, thereby […]

Official: No county funds missing

By Gabriel Monte: CNJ staff writer County Attorney Stephen Doerr said Thursday the county is not missing money from county fair revenues. However, he said the State Police are investigating an accounting discrepancy of between $2,000 and $7,200. “Right now our position is that there is no money missing,” he said. “But it looks like […]

ENMU picks Smith as business dean

Freedom New Mexico Gene Smith, an assistant professor of accounting and chair of the Department of Accounting, Finance, Information Systems at Eastern New Mexico University, has been named dean of ENMU’s College of Business. His appointment is effective Jan. 2. He replaces interim dean Thurman Elder. “He has proven to be an excellent administrator and […]

Education feature: Accounting class offers tax help

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Avien Desantos, left, helps Ruby Mattox of Clovis file her taxes Wednesday at Clovis Community College. (CNJ staff photo: Andy DeLisle) By Marlena Hartz: CNJ staff writer The well-lit room in Clovis Community College exudes the efficient air of an office. But the people here, seated behind computer screens, are students on the path to […]

Accounting rules lower businesses’ competitiveness

By Freedom Newspapers The Securities and Exchange Commission last week finally eased Sarbanes-Oxley auditing rules to make them less oppressive for smaller public companies, which had called for relief after spending millions of dollars to comply with the 2002 “Enron law.” But such baby steps fall far short. This duplicative, expensive and anti-competitive act, which […]

Teacher talks Benson School of Commerce

By Don McAlavy: Curry historian “I don’t know when the school began,” said Rowena (Crume) Preuit, “but the Benson School of Commerce was going on in the school year 1943-44 when I was teaching at Vaughn. World War II was going on, and I thought I needed some more business classes, so at the end […]

Post-Enron law could impose unnecessary costs

Freedom Newspapers An advisory panel to the Securities and Exchange Commission (SEC) has formally recommended that thousands of smaller publicly traded companies be exempted from the strict accounting and reporting requirements imposed by the 2002 Sarbanes-Oxley law, passed in the wake of the collapse of Enron. “The benefits that are derived by investors are really […]

Reforms should streamline, not add bureaucracy

Freedom Newspapers After a series of audits and hearings after the 2004 hurricane season, the Federal Emergency Management Agency promised it would have its management and accounting systems in better order for 2005. So it is difficult to put much faith in similar promises this year, given the disaster in New Orleans. Perhaps the best […]