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PwC Program Wins Government Tech Leadership Award

PwC Consulting, a business of PricewaterhouseCoopers, has announced that eArmyU, the e-learning portal developed and operated by PwC Consulting for the U.S.
Community News

Andersen Denies Rumor of Merger

Once again, Big Five firm Andersen is trying to put to rest the rumor of a possible merger. Joe Berardino, Andersen's global managing partner and chief executive, stated this week that the firm intends to continue making acquisitions and foster associations with other firms, but no plans are on the table for a merger.In particular, Andersen hopes to build its Andersen Worldwide legal network, particularly in Great Britain. Associations with law firms in the U.S.

The Top 20 Stories on AccountingWEB

Official Word From the IRS on Tax RebatesNew Rankings: Top 100 Accounting FirmsTen Quick Internet Tips To Save You TimeAccountants' 2001 Salary Survey ResultsDeloitte New York Offices Destroyed In Terrorist Attacks16 Sure-Fire Ways to Get Your Tax Return AuditedWhat Do You Think About the 'XYZ' Credential?Tips for Passing the CPA Exam

AccountingWEB Weekly Resource Guide - Issue 28

AccountingWEB Weekly Resource Guide - Issue 28 December 3 - December 7, 2001 This Resource Guide Brought to You By: Oracle E-Business Suite and PPC1. Disaster Recovery Planning2. Welfare to Work Tax Credit Can Benefit Your Company3. IRS Issues New Industry Guidelines4.
Technology

Virus Alert: W32/BadTrans Worm Spreading

Over the weekend, home e-mail users have reported the spread of a new e-mail worm that targets vulnerabilities in Microsoft Outlook and Outlook Express to send itself to unanswered e-mail in the user's inbox.According to user reports and virus resource sites, W32/BadTrans arrives with a message subject heading beginning with "Re:" - and often nothing else. The e-mail carries an attachment with two variable filename attachments; however, Windows may hide the existence of the second file extension from the user.
Community News

PwC Sacks 1,100 at Enron as SEC Targets Andersen

Administrators from PricewaterhouseCoopers have cut 1,100 UK jobs at the European holding company of the Enron group - just as U.S. watchdog the Securities and Exchange Commission announced that it plans to investigate the work of Andersen, auditors for the troubled energy group.PwC's Tony Lomas commented, "The over-riding priority is to preserve the valuable parts of the business and to reduce the cash needs of the business whilst seeking to secure the future of certain Enron businesses and its employees." Only around 250 Enron staff will be left working in the UK.
Community News

Deloitte Donates Over $1M to Freedom Center

Big Five firm Deloitte & Touche has donated $1.1 million in funds and services to the National Underground Railroad Freedom Center which is currently being built on Cincinnati's riverfront.The donation includes more than $600,000 in strategic consulting services, which include performing a national benchmarking study which collected information on museum operations, fundraising, and education programs."The Deloitte & Touche gift demonstrates how companies can use their internal resources beyond cash in support of creating this national learning center, even in times of economic uncertain
Community News

Andersen Agrees to Expanded Peer Review

Big Five firm Andersen will face an expanded peer review from Deloitte & Touche as a result of the recent controversy surrounding Andersen's audit practices with regard to energy giant Enron.The expanded review will include a review of the procedures at Andersen's Houston office, which was in charge of handling the Enron audit."In light of recent developments, we believe that extending the peer review to include work done in other offices, including Houston, and other procedures that Deloitte & Touche deems appropriate and necessary is the right thing to do," said Andersen chief executiv

Welfare to Work Tax Credit Can Benefit Your Company

The welfare to work tax credit program was implemented as an incentive for hiring welfare recipients. This credit can be up to several thousand dollars per qualified person depending on how long they are employed. The benefit for the employer is a tax credit of up to $8,500 per qualified individual hired under this payroll tax incentive.The program was designed to provide employers with incentives to hire individuals with special employment and economic needs.

AccountingWEB Helps Shape the`XYZ` Credential Debate

One of the most controversial issues to hit the profession recently has been the proposal from the AICPA to develop a Global Business Credential.

Knowledge Concepts releases FirmWorks v. 5.0

Release 5.0 extends the relationship management, document management and project management capabilities extensively. Several key components include the creation and tracking of “association” relationships like bankers, attorneys, etc., the automatic linking and retrieval of firm documents stored on the firm’s network, and the ability to budget projects directly in FirmWorks with historical tracking. Customized PDA integration is now available."FirmWorks continues to stand as the market leader in the Professional Services Automation application space for CPA firms.
Community News

Mellon Acquires PwC Unit for $275M

Pittsburgh-based Mellon Financial Corp. has agreed to acquire Unifi, a human resources consulting unit of PricewaterhouseCoopers. The acquisition will make Mellon the fourth-largest global provider of human resources consulting/administration services.The agreement calls for Mellon to pay PwC approximately $275 million in cash. Other terms of the agreement were not disclosed. It is expected that the arrangement will close early in the first quarter of 2002.Unifi, based in Fort Lee, N.J., was formed last year and reported revenue of $351 million in its first year of business.
Tax

IRS Issues New Industry Guidelines

The IRS has announced tax guidance on three issues affecting auto dealerships, banks, and golf courses.
A&A

SBA Funds Grant Program for Very Small Businesses

America’s smallest businesses will now have access to more training and technical assistance to help them start or grow a business under a new program funded by the U.S.

AccountingWEB Weekly News Wrap-Up - Issue 123

AccountingWEB Weekly News Wrap-Up - Issue 123November 30, 2001This News Wrap-Up Sponsored by:CAM Commerce SolutionsandPPCNEWS FOR ACCOUNTINGWEB MEMBERS1. Don't Miss E-File Registration Deadline!2.
A&A

QuickBooks Releases Accountant Version of Program

Intuit has announced the release of a new accountants' version of the QuickBooks program, QuickBooks Premier 2002: Accountant Edition.The newest addition to the QuickBooks library features real-time remote access to the popular accounting software for small businesses, as well as many other attributes.

Payroll Group Proposes Alternative to Tax Holiday

While Congress is mulling over the possibility of offering a holiday from Social Security tax for the month of January as an impetus to stimulating the economy, the American Payroll Association warns that such a tax hiatus would wreak havoc with payroll tax return filing requirements, payroll calculations, and payroll software programs."This is not a political assessment, but one based on the realities of processing payroll and maintaining compliance.
Education & Careers

Credit Reports and Job Hunting

By Lester S. Rosen, Attorney at Law and President, Employment Screening Resources, reprinted with the permission of CareerBankEmployers can request credit reports before making a hiring decision, but applicants should be aware of their rights in this regard.Many job applicants are discovering that employers require pre-employment credit reports before they hire.
Technology

President Signs Bill Banning Internet Taxes

President Bush has signed into law the two-year moratorium on Internet access taxes. The bill effectively slows progress on attempts by states to impose an Internet sales tax.Congress had hoped to tie the issue of whether to allow states to collect sales tax on Internet sales to the bill, but the issue has been tabled for now.President Bush commented, "The Internet is an innovative force that enables such applications as distance learning, video conferencing, and precision farming.
Tax

Top Ten Selling Books On AccountingWEB

Creating Rainmakers: The Manager's Guide To Training Professionals To Attract New Clients Million Dollar Consulting, New and Updated Edition: The Professional's Guide to Growing a PracticeDeveloping Knowledge-Based Client Relationships, The Future of Professional Services

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