News

'Cognitor' Designation Moves Forward, Despite Defections

Following last week's defections by the Scots and Irish institutes, Bob Elliott, Chairman of the American Institute of Certified Public Accountants confirmed that the remaining partners are pressing ahead with plans for the new global credential, currently referred to as "Cognitor.""The leadership in the US, Canada, Australia, New Zealand and South Africa have expressed strong support for continuing the work," said AICPA Chairman Bob Elliott.
Tax

Less To The IRS Next Year

PLEASE NOTE: This press release has been revised on September 29, 2000 and reissued to reflect the Department of Labor's corrected CPIU figures.CONTACT:Mary Dale Walters847-267-2038mediahelp@cch.comNeil Allen847-267-2179allenn@cch.comLESS TO THE IRS NEXT YEAR:CCH RELEASES TAX BRACKET CHANGES FOR 2001(RIVERWOODS, ILL., September 29, 2000) – Some modest tax relief is in store for 2001, no matter who wins the presidential election, according to CCH INCORPORATED (CCH), which today released estimated income ranges fo
A&A

The Great Entrepreneur Quiz

Do you have the entrepreneurial spirit? Take this sample quiz based on Radicals and Visionaries, "Entrepreneurs Who Revolutionized the 20th Century" published by Entrepreneur to test your knowledge of the success stories of the 20th century.Scroll to the bottom of the page for the answers:1. This pregnant housewife started a business at her kitchen table using for seed money cash she received as wedding gifts. To get around suppliers who refused to work with a woman, she set up her own light manufacturing facilities.

Speling, Spellng, Spelling! Third Time's a Charm!

Spelling may sound basic, but to the end user, it's critical. Misspelled words in proposals, resumes and correspondence present your message in a negative light and can cause misunderstanding in your communication. One strike, you're out is sometimes the effect of misspelled words. Take a refresher course to help you present yourself in a positive way. If you struggle with spelling, consider these helpful tips.
Tax

Is Your State Friendly to Entreprenuers?

How friendly is your state's public policy in supporting small business and entrepreneurs?A new report called the 'Small Business Survival Guide Index' issued by the Small Business Survival Committee found that South Dakota, Nevada, Wyoming, New Hampshire and Texas were the top five states, in order.Consequently, the bottom of the list, beginning with number 46, included Ohio, Minnesota, New Mexico, Rhode Island, Hawaii and the District of Columbia.
Community News

KPMG Foundation President Elected to Points-of-Light

Former KPMG partner Bernard J. Milano, who now works exclusively for the KPMG Foundaton as president, recently was elected to the Board of Directors of the Points of Light Foundation.Points of Light is dedicated to engaging people in volunteer community service.

Employee Incentives "Different Sizes Fits All"

Each and every employer across America is well aware of the tight labor market. Coupled with the 150-hour law, dotcoms recruiting on campus, and the anticipated and well-known stresses of tax season, what can you do to help retain your current staff and recruit new talent. Here are a few tips to help you understand what motivates employees of all ages. Mature Workers are low risk takers and need and desire flexibility. Born between 1930 and 1945, mature workers generally have had predictable career paths; they worked hard and moved up the corporate ladder.

Low Cost Ways of Enriching Employee Experiences

Employees want to truly feel that they are a part of the bottom line.An article on Inc.com, provided by Bob Nelson of Nelson Motivation Inc., tells employers to consider the power of the five I's. Interesting work. No one wants to do the same boring job over and over, day after day. And while any job will always require some boring, repetitive tasks, everyone should have at least a part of their job be of high interest to them. Information.

Samuel Goble

SAMUEL F. GOBLEVice President, MicromashPhone: 303-649-0320Sam Goble, CPA, MBA, is Vice President of MicroMash, the leading provider of computer-based exam preparation courses for the CPA, CMA, CFM, CIA, CISA and Bar Exams. Sam is responsible for ensuring the company continues to develop technology- based training and continuing education products within the accounting and legal product lines, and maintaining its vision of providing Anytime Anywhere Learning.Sam has a B. S.
Tax

IRS Restructuring Begins Today

Today is the first workday of the new fiscal year and is the day that the new restructuring plan for the IRS takes effect. The agency’s old structure of dividing taxpayers by geographic boundaries will be replaced with a new, specialized system built around specific divisions meant to deal with taxpayers with common needs.The new IRS will be made up of the following four divisions:WAGE AND INVESTMENTWage and Investment (W&I) serves individual taxpayers.
Tax

New IRS Appeals Hotline Number

1-877-457-5055The Internal Revenue Service now has a toll-free help line for questions related to the Appeals process. The number is 1-877-457-5055. The system will automatically route callers to the appropriate Appeals Office site. Previously, each of the 33 Appeals offices nationwide used a local number that was not toll-free. The toll-free service will make it easier and more convenient for taxpayers to obtain assistance.
Community News

EY Teaches how to Hack Into Computer Systems (Really!)

Believe it or not, Ernst & Young will teach you how to hack into a Windows NT or Unix system.The accounting and consulting firm will offer a course in both Cape Town and Johannesburg, South Africa, to teach members of the corporate business community exactly how to violate their own systems--with the hope that they'll learn how to prevent such an event from happening.The cost is about $970 for a four-day course, and those who take the class must sign a waiver stating they will not use the material learned for any 'malicious' purpose.

Bad Training at Issue in Gov. Accounting System

A new report released last week by the General Accounting Office finds that the accounting system running our nation's government is in peril due to a lack of security training of personnel and poor enforcement of security policies.The Financial Management Services (FMS) arm of the Treasury Department is the agency responsible for operating the accounting and reporting system, as well as distributing money to Federal agencies.

Increase Revenues With HR Consulting Practice

With low unemployment and a shortage of qualified workers, one of the new, hot trends is to provide consulting services in human resources, either by advising clients on hiring practices or even in the recruiting function.

Academic Preparation for the CPA Exam

Academic Preparation for the CPA ExamPresented by: Sam GobleWednesday October 4, 20004:00pm EDT,The AccountingWEB Workshop RoomWorkshop OverviewStudents should be aware of the broad topics covered on the CPA exam in order to select their college courses.Workshop OutlineThe four parts of the exam and their broad topics tested are as follows:Financial Accounting & Reporting (FARE) 4.5 hours

AccountingWEB Weekly News Wrap-up - Issue 62

The AccountingWEB Friday Wrap-Up Newswire - Issue 62September 29, 2000Members Logon to http://www.accountingweb.com for full access to all our resources.Don't know your Logon Membership Details?Go to h
Community News

Senate Asks Levitt for Smoking Gun

Arthur Levitt, SEC Chairman, presented his case for new guidelines for auditor independence to the U.S.

Scots and Irish Pull Out of Global Qualification Scheme

The Scottish and Irish accounting institutes have decided that the proposed global business qualification being developed by international accountancy bodies is a non-starter and have pulled out of the task force developing the scheme.This is the designation code-named "XYZ Designation" by the American Institute of CPAs, and previously referred to as "Cognitor."The Scottish ICAS stated: "The institute has concluded that there is insufficient market demand for an all-embracing qualif
Technology

Sage Receives Award for Technical Support

Sage Software has received the Software Technical Assistance Recognition (STAR) Award from the Software Support Professionals Association (SSPA). This is the fourth consecutive year the software giant was awarded this honor, and the only company that has ever won the award this many years in a row.Sage was called the 'best in the business' by Bill Rose, SSPA founder and executive director.

U.S. Economy Growth Rate Remains Positive

The second quarter results for growth in the U.S. economy demonstrate that once again the U.S. economy grew substantially over the previous period. The total growth was a 5.6 percent increase.The increase was attributed to three factors: a decrease in consumer spendingan increase in the investments made by American companies an increase in spending by the Federal governmentCompany spending included durable goods like computers as well as increases in inventory levels.

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