Education & Careers news

Tax

IRS Extends Tip Income Program

The IRS has extended the 2007 deadline until June 30 for restaurant or beverage businesses to elect to participate in the Attributed Tip Income Program.The extension is in response to requests from restaurant and beverage industry members and is only applicable for the 2007 calendar year.Normally, eligible establishments must elect to participate in ATIP by Feb.
Education & Careers

New Senate Democrats Reveal Tax Priorities

Six freshman Democratic Senators joined with Senator Chuck Schumer (D-NY) to introduce S. 614, the Middle Class Opportunity Act of 2007, which focuses on the alternative minimum tax, the dependent care credit, the child tax credit, and education credits, NAEA E@lert reports.
Community News

Somerset CPAs Named Indiana Best Workplace

The Indiana Chamber of Commerce has designated Somerset CPAs as a “Best Place to Work in Indiana” for creating a productive environment in which employees feel valued.Somerset CPAs received the same distinction in 2006.
Education & Careers

Rating the Best 529 College Savings Plans

Utah and Virginia offer two of the best plans to save for a child's college education and Alabama has one of the worst, according to a new report by Morningstar, Inc.Parents have been turning to so-called 529 plans to save for their children's college education, and Morningstar is making the selection process simpler by outlining the wide disparity in performance, costs and variety of investment options in the dozens of state plans available.Morningstar started its 529 survey in 2004, and Utah and Virginia have been at the top of the lists since then.
A&A

Top 5 business internship myths

Most managers carry general misconceptions about internship programs, but, by applying thoughtful planning and the right tools, they can realize their full potential. Z University.org (ZU), a leading advocate of workforce readiness and innovator of internship management solutions, has identified a "top five" list of myths that organizations need to eliminate to get the greatest returns from an internship program. Matthew Zinman, president of Z University.org, says that the "Top Five Myths About Internships" are fueled by managers who believe that:1.
Education & Careers

5 Reasons Why Demand for Accounting & Finance Pros Will Intensify

Ron Blair, managing director of Century Group, a professional services firm specializing in executive search, professional recruitment and independent project and interim services in accounting, finance, audit and tax believes a demand for accounting and finance professionals will carryover into 2007.Blair listed the following factors contributing to the high demand for finance and accounting professionals:1. Increased utilization of accounting and finance professionals on a project or interim basis if companies delay hiring plans during an economic downturn.2.
Technology

The Accountant’s Guide to a Career in Technology

By John StokdykWhen he recently asked in an AccountingWEB opinion article, Why aren't there more accountants in IT?, Microsoft's Tim Lennard began by suggesting there was a potential surplus of talent within the profession that could be more gainfully employed in the technology business. One of the reasons Lennard's article was so popular was that it managed to provoke reactions from both sides of the fence. Several IT industry veterans dropped into the conversation to describe their front-line experiences, while technophobes highlighted some of the reasons not to go into IT.
Education & Careers

AICPA Urges Students To 'Feed The Pig'

With the ringing in of the Chinese Year of the Pig this week, Benjamin Bankes is urging 25 to 34 year-olds to “feed the pig.” Benjamin Bankes, a pig in a pink suit, is the official icon of Feed the Pig™ (www.feedthepig.org), a national public service campaign of the American Institute of Certified Public Accountants (AICPA) and the Ad Council. The campaign delivers a strong message to career builders – those 25 to 34 years of age – about the importance and benefits of saving to build a solid financial future.
Community News

IFAC Seeks 2008 Board & Committee Nominations

The International Federation of Accountants (IFAC), the global organization for the accountancy profession, is seeking nominations for members of its boards and committees for 2008. IFAC member bodies, members of the Forum of Firms and, in some instances, members of the public may nominate candidates by April 15, 2007.
Tax

ABA Tax Law Challenge Winners Announced

The taxation section of the American Bar Association recently announced winners in the 2006 Law Student Tax Challenge, an annual event drawing law student participants from around the country. On average, approximately 40 two-person teams enter the competition each year. Both J.D. and LL.M. degree candidates are eligible to enter, and winners are chosen from both divisions of candidates.
Education & Careers

H&R Block Canada Offers Student Savings, Concert Trip

H&R Block Canada Inc. and SPC Card announced a new partnership to deliver free SPC Cards to students choosing H&R Block for their tax preparation and the chance to win an all expenses paid trip to a Fall Out Boy concert somewhere in Canada or the U.S.Participating students will activate their free SPC Card at rockwithblock.ca and immediately be entered to win a trip to see multi-platinum artist Fall Out Boy in a secret destination.
Education & Careers

Most Workers Unhappy In Jobs

More than four out of five U.S.
Tax

New Student Taxes Web Site Launched

Gail Perry, a CPA and author (and AccountingWEB staff writer) based in Ann Arbor, Michigan, has launched a new web site dedicated to helping students file their income tax returns online. Not only does www.campustaxes.com provide inexpensive online tax filing for U.S. income tax returns and all state income tax returns, the site provides a Q&A section where students can ask questions of Ms.
Education & Careers

What Ails Corporate America?

For millions of workers who are no longer satisfied with their current jobs and are looking for new positions, the 2007 employment market will be full of opportunities.
Education & Careers

Number of Management and Executive Positions Rising

More management and executive positions are expected across the country, according to the Bureau of Labor Statistics (BLS), who predict a rise of 13.6 percent within this decade. Based on this information, the creation of more than 5 million of these high-level, new jobs is expected by 2010. These projections for potential career advancement have many professionals wondering how they can land one of these positions.In addition to a rise in high-level positions, more and broader avenues are available to pursue these jobs.
Education & Careers

America's Most Productive Universities

Using measurements based on faculty scholarly productivity, Academic Analytics announced America's most productive research universities. The results demonstrate that the division between private and public institutions continues to grow. The Academic Analytics Faculty Scholarly Productivity Index (FSP Index) is a new, quantitative method used to rank doctoral programs at research universities, and is based on a set of statistical algorithms that were developed by Dr.
Technology

For Sale: One Year

After spending a summer painting homes, an entrepreneurial 19 year-old Grand Valley State University (MI) student has created a promotional Web site that offers a year's worth of web time at the cost of $1 per minute. At the site, http://www.OneYearForSale,com, buyers can now display their messages on the site's home page by selecting as many minutes as they wish to purchase. "Time is money, so why not sell it?" says student Peter Sauer, who is majoring in business at Grand Valley.
Education & Careers

Employers Should Plan Now for Spring Interns

Organizations are being urged to take advantage of opportunities to host college interns during the spring academic term as 2007 approaches. Interns are not only added resources, but they will be the next generation of employee talent and this new workforce needs to develop as the time approaches when a vast number of Baby Boomers reach retirement age. The president of Z University.org, Matthew Zinman says, "There are more students in need of internships than there are employer 'site sponsors' to host them.
Practice Management

It's Not How Good You Are, It's How Much You Want It

To start the New Year off on the right foot, take a look at what David Maister wrote about careers, firms and "wanting it." Advertisement
Community News

2007 Excellence in Project Accounting Philosophy Essay Scholarship Contest Begins

The 2007 Excellence in Project Accounting Philosophy essay scholarship contest launches on January 1, 2007.

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