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AccountingWEB Life

Protecting Assets From Nursing Homes

By JOHN J. SCIACCA, ESQ.Member NNA Preferred Provider NetworkClients who can afford Long Term Care Insurance (LTC) can usually insulate themselves from the expenses of a nursing home which can cost between $200-$400 per day.Clients who may be liquid or with limited income can be dismayed at these significant costs.

Web site Offers Estate Tax Calculator

A Web site run by the Americans Against Unfair Family Taxation (AAUFT) has made available an estate tax calculator for use by accounting professionals and consumers.By virtue of the name of the organization, the Web site was created in response to the impact the reductions in estate tax has on a variety of heir-related matters and financial planning.The AAUFT is backed by nine trade groups.For more calculators, be sure to check out AccountingWEB's comprehensive calculator page.

CCH Acquires Assets of APlus Tax Software

Contact: Mary Dale Walters 847-267-2038 CCH HAS ACQUIRED ASSETS OF APLUS TAX(R)SOFTWARE FROM ARTHUR ANDERSEN,FIRM SIGNS LICENSING AGREEMENT, WILL USE CCH PROSYSTEM FX(r) TAX IN ITS OWN PRACTICE(Torrance, Calif., April 28, 2000) -- CCH Tax Compliance (CCH), Torrance, Calif., a leading provider of professional tax compliance software, said today that it has purchased the software and other assets of APlus Tax from Arthur Andersen LLP, Sarasota, Fla.
Community News

CBIZ Revenue Up After First Quarter

Century Business Services, Inc. just released the financial results for the first quarter of 2000 and the news is encouraging for the seventh largest accounting firm (as ranked by Accounting Today).The company’s revenue rose 24% to a total of $172.1 million from $138.4 million for the three months ended March 31, 2000.

Brainwave Business Database Access Goes Live

The ability to perform credit searches, find company information, do market research and find trademarks is now available online in our Business Reference Center, powered by Brainwave databases.

Sales Tax & E-Commerce - Part 2

In Part 1 of this article, we looked at two issues of sales tax and e-commerce. These issues were, determining when a seller must collect tax, and the products and services that are taxable. We learned that it is sometimes not easy to tell when an online vendor must collect tax in a state. We also learned that the taxability of new digital products and services is uncertain. In this second part we examine the remaining issues. We look at how online vendors collect tax in e-commerce, and what we can expect in the future.
Community News

Moss Adams 'Constructs' Dominant Practice

We are seeing a continuing trend in more mergers and multi-discliplinary practices thanks to consolidation.Evidence of this is the Seattle-based accounting and financial services firm, Moss Adams, LLP, who now holds a dominant position over its competition within the construction industry.This is due to a merger with another Washington firm, Thoreson & Co., whose has mostly construction clients.Moss Adams, which generated $150 million in revenue in 1999, has more than 1,100 employees in Washington, Oregon, California and London.
Practice Management

Three Uses of the Web for CPAs

Everyone these days is on the Internet, but how much can you use the Internet to deal with clients? Here are three fundamental uses of the Web.1. Answer Basic Questions: many firms use their Internet site to provide solutions for customers and clients. This is especially evident with systems like Ernst & Young's Ernie, which provides online assistance at a rate of $3,000 for 10 questions.

Finding IT Profs. Just as Hard for Government

Many CPAs and accounting professionals lament that finding good IT professionals is difficult. The first problem is actually recruiting Mr. and Ms. Gen-X to join the firm, while the second problem rests with getting the IT person to stay for the long haul.One of the most difficult areas in which to find good IT people is the government sector. Even public firms have a better chance of luring the IT professional.
Technology

Survey Shows Boys Spend More Time At Computer

A recent survey conducted by the Orange County office of Deloitte & Touche shows that 64 percent of boys ages 6 to 17 spend more two hours per week using a computer while only four in ten or 44 percent of girls do.A survey of more than 145 local kids showed that computers are used for playing games, typing schoolwork, and earching the Internet.
Technology

Email Follows You EVERYWHERE!

Let's face it: email has made our lives easier, especially those of us who travel, because we can remain 'in-touch' while on the road. But if you're like most everyone else, establishing a wired connection in some places sometimes can be very difficult.The introduction of the Palm VII and its wireless connection to the Internet was a step in the right direction ... but that is first-generation in an industry wide open for expansion.Take, for example, the ability to use other Palm devices to connect to the Internet and retrieve email.
A&A

Microsoft Break-Up Update

Here’s an update to the story released earlier this week on the Microsoft break-up. This time, U.S. states, along with the Justice Department, will urge a Federal judge to split the company into two entities.The basis for the break-up is to avoid any future holds on a monopoly of power related to software and operating systems.

AccountingWEB Weekly News Wrap-up - Issue 40

The AccountingWEB Friday Wrap-Up Newswire - Issue 40 April 28, 2000 http://www.accountingweb.com Logon to http://www.accountingweb.comfor more resources. Don't know your membership logon details? Go to http://www.accountingweb.com/forgotten_login.html  
Technology

WYSIWYG With Online Security Companies

Everyone knows that labeling a transaction 'secure' over the Internet is a sure thing, right?Wrong! Not all online security companies are alike, and as financial professionals, it is up to us to advise our clients on the why and how of online security if the client conducts any kind of e-Commerce transaction.Education is the best policy.
Technology

CompensationCenter.com Launched

Hewitt Associates LLC just launched an online information resource site for compensation professionals. The site, CompensationCenter.com, allows registered visitors to access Hewitt’s survey library and browse an information bank of industry news and trend information. The site also features market pricing capabilities and a variety of compensation tools.For registered participants of Hewitt compensation surveys, the new site will give them easy access to survey results online.
A&A

Back to School for Financial Executives

With more and more demands to find truly unique educational opportunities that fit today's specialized marketplace, some businesses are finding the best solution is in the college classroom.Companies like Austin, TX-based Dell Computers, for example, sought help from the University of Texas at Austin's Graduate School of Business to design a finance-oriented educational program that dealt with issues directly affecting the growth and bottom line of the computer giant.Why?

Mike Willis, CPA

MIKE WILLIS, CPA Partner and Deputy Chief Knowledge Office of the Audit Practice PricewaterhouseCoopers, LLPMike Willis has more than 18 years of accounting industry experience and is a Partner and Deputy Chief Knowledge Office of the Global Audit Practice of approximately 60,000 CPAs.

AICPA Press Release - April 6, 2000

American Institute of CPAs Leads Global XBRL Initiative to Facilitate The Exchange of Financial Statements Across All Technologies, Including The InternetUnited Effort Brings Global Financial, Accounting, and Software Communities Together to Create First XML-Based Specification Developed for Financial StatementsNEW YORK, NY, APRIL 6, 2000 – The American Institute of Certified Public Accountants (AICPA) announced today that as one of several sponsors of the international XBRL Project Committee, it is helping to develop and launch XBRL (eXtensible

XBRL Fact Sheet

Extensible Business Reporting Language (XBRL), formerly code named XFRML, is an open specification that uses XML-based data tags to describe financial statements for both public and private companies. XBRL benefits all members of the financial information supply chain. XBRL:A standards-based method with which users can prepare, publish (in a variety of formats), exchange and analyze financial statements and the information they contain.

XBRL for Financial Statements Questions and Answers

The following is a list of the more frequently asked questions regarding XBRL and how it will impact those who prepare and use financial statements. What is XBRL?What is XBRL used for?What are the benefits of XBRL for Financial Statements?Who will benefit from using XBRL?How does XBRL work? How does XBRL do this?

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