Community News news October 2007

Community News

The partner sabbatical: Affirming core values and re-energizing the individual

For the partners and principals in accounting firms with sabbatical policies for senior personnel, professionals who have long demonstrated their dedication to client service, the sabbatical means an opportunity to recharge their batteries and reconnect with their families in special ways. Firms benefit externally when clients can see the strength of their teams, and internally because the staff who step up to the plate in the partner's absence are empowered to grow in their new roles and responsibilities.
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Community News

Accountants sue PwC for overtime pay

Associate and senior associate accountants have filed a class action suit against PricewaterhouseCoopers, alleging that they were improperly denied overtime pay and other benefits during their employment with PwC. Plaintiffs in the case of Campbell v. PricewaterhouseCoopers filed a motion for class certification that seeks to certify a class of all associates and senior associates employed by PwC in the state of California. Specifically, the plaintiffs contend that under California law, only certified public accountants can properly be classified as exempt from receiving overtime.
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Community News

Bye-bye cubicles, hello productivity?

The days of cubicles may be numbered, if businesses follow the lead of the company that popularized them in the first place.Intel Corp., which was lampooned last spring for its endless grid of gray cubicles by comedian Conan O'Brien in a video tour, is admitting that cubes don't work for everyone. It plans to test new work spaces in three U.S. locations.
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Community News

INSIDE Public Accounting names the best managed accounting firms

INSIDE Public Accounting's Best of the Best honors 25 firms annually for their wise management and superior operational performance in fiscal and management metrics based on 35 criteria. Another 25 firms are recognized with designations as Best of the Best Honorable Mentions.Each of the hundreds of firms participating in the IPA Annual Survey and Analysis of Firms is eligible for the IPA Best of Best honors.
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Community News

Record keeping for small businesses

The mindset and behaviors associated with protecting intellectual property start with top management. It's a tough job considering the not-so-surprising latitude for departing employees to take corporate trade secrets with them. The Boston Business Journal reports that even with strict vendor confidentiality agreements, keeping corporate secrets may be difficult. Identifying intellectual property at early stages is a good start."Almost all intellectual property starts out as a trade secret. In a lot of ways, that's the point where it's most vulnerable," James Donnelly Jr.
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Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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This Week on AccountingWEB

Bill Walter of Gross, Mendelsohn & Associates and Harold Gaar of TravisWolff LLP weigh in on mobile technology use while employees are at work.
WestArk RSVP and Fayette County Community Action Agency – organizations that received grant funding through the IRS Tax Counseling for the Elderly (TCE) program – spoke with AccountingWEB about how they assist senior citizens in their communities.
CPA Robert Raiola, who heads the Sports & Entertainment Group of Fazio, Mannuzza, Roche, Tankel, LaPilusa, LLC, talks NFL player income taxes with AccountingWEB.
Retiring KPMG Centennial Professor of Accounting at the University of Texas at Austin McCombs School of Business Robert May, PhD talks with AccountingWEB about his rewarding forty-three-year career.
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