A&A news August 2006

A&A

Labor Day Report Shows Why Energy Reform Must Become National Policy

The National Association of Manufacturers’ (NAM) annual Labor Day report, released on Monday, shows that while manufacturing production increased at its fastest pace in six years and jobs on the factory floors have posted their strongest gains since 1998, soaring energy costs are hurting workers at the pump and in their paychecks.Advertisement
A&A

Accounting Insight & Analysis for the Post-SOX Environment

On September 5, 2006, BNA, the largest independent publisher of nonpartisan news and information in Washington, D.C., will launch its new Accounting Policy & Practice Series, providing subscribers in the accounting, legal and financial professions with a new dimension of objective and insightful guidance into decision-making in the post-Sarbanes-Oxley (SOX) environment.Advertisement
A&A

Introducing the First Contactless MasterCard for Small Business

When MasterCard WolrdWide and Advanta Corp. begin issuing the PayPass™-enabled Advanta MasterCard® Small Business card in September, it will be the first small business credit card to be equipped with PayPass contactless payment technology.
A&A

Seamless Sales Tax Solutions

A new offering from CCH, Sales Tax Load Utilities for Sage Software, integrates CCH supplied sales and use tax rates with Sage’s leading accounting systems, including MAS 90, MAS 200, MAS 500 and Accpac.
A&A

The Magic of Ethanol

Ethanol is a magic elixir. The corn-based gasoline additive is enjoying the record-setting prices. Those manufacturing ethanol are seeing booming sales and recording record profits as well, according to SmartMoney.com.
A&A

BWise Supports COSO Guidelines for Smaller Public Companies

BWise, a leading provider of compliance and enterprise risk management software, on Monday announced support for new guidelines from the Committee of Sponsoring Organizations of the Treadway Commission (COSO), entitled Internal Control over Financial Reporting – Guidance for Small Public Companies.Advertisement
A&A

New Loopholes Could Cost Small Businesses Billions

The Senate Committee on Small Business and Entrepreneurship unanimously approved measures, included in legislation reauthorizing the Small Business Administration (SBA), that will allow the government to report billions of dollars in contracts to large firms as federal small business awards.Advertisement
Practice

Ford Weighs Massive Buyouts in Hopes of Turnaround

With pressure building to make drastic moves to improve its bottom line, Ford Motor Co.
A&A

Small Business Owners Show Decreased Confidence

The new IPA Small Business Confidence Index (IPA SBCI) indicates that small business owners are showing severely decreased expectations for revenue as energy costs are making more of an impact on their businesses, according to International Profit Associates (IPA).
A&A

First Online, Remote Check Deposit Service for Small Businesses Introduced

On Monday, IP Commerce, Inc., in partnership with BankServ, introduced the first online, remote check deposit service designed exclusively for small businesses.
A&A

New Texas Margin Tax -- Business or Income Tax

Candidates for governor in Texas last week reacted to the Financial Accounting Standards Board’s (FASB) conclusion that the new Texas margin tax was an income tax under Financial Accounting Standards (FAS) 109 “because the tax is based on some measure of income.” FASB declined to set up a project to give advice on the matter.Kathy Walt, spokeswoman for Republican Governor Rick Perry, and former state Comptroller Democrat John Sharp, who headed the commission that recommended the tax, said that FASB was providing instructions for accounting purposes only, according to the Houston Chro
Practice Management

Collections of Articles and Pronouncements Available

The Financial Accounting Standards Board (FASB) and the Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC) have announced the availability of their 2006 collections.Advertisement
A&A

Effective Employee Management Linked to Business Performance

A four-phase landmark study reveals that effective human resource practices directly affect business results, including revenue growth, profit growth and employee turnover reduction.“The results are definitive,” David Sikora, director of the Gevity Institute, said in a prepared statement announcing the results. “Through this unique and first-of-its-kind study, we have been able to quantify the impact that human resource practices have on small businesses.
A&A

Participants Sought for 2006 Annual FASAC Survey

The Financial Accounting Standards Board (FASB) is soliciting constituent views on the FASB’s current priorities, future financial reporting issues, international convergence and educational efforts.
A&A

Roberts Re-Elected Chairman of XBRL-US Steering Committee

Grant Thornton LLP National Director of Assurance Innovation Dan Roberts has been re-elected as Chairman of the XBRL-US Steering Committee, which governs XBRL-US, a consortium of 70 organizations working to adopt a standard method of business and financial reporting in the U.S. and worldwide. The XBRL-US Steering Committee is made up of nine representatives of those members. Liv Watson of Edgar-Online was elected Vice-Chair of the XBRL-US Steering Committee.“This coming year will be a very busy one for the Steering Committee and for XBRL-US in general.
A&A

Accenture Closes Acquisition, Enhances BPO Services

Accenture has enhanced its finance and accounting business process outsourcing (BPO) capabilities by closing the previously announced acquisition of Advantium Inc., including related entity XPAN LLC, and Meridian Informed Purchasing Ltd.
A&A

AICPA Launches Revamped Online CPE Site

The American Institute of Certified Public Accountants (AICPA) in May rolled out a much faster and user friendly training and library Web site, called CPExpress, formerly known as Infobytes. Feedback is extremely positive, say Dr. Paden Neeley, AICPA Vice President of Group Study and David Tolson, Director of CPE Product Development, who spoke with AccountingWeb recently about how the AICPA’s online CPE offerings and other training options meet the needs of small and mid-sized accounting firms. CPExpress is much faster than the previous site, says Tolson.
Tax

Acquisition Leads to Industry’s Most Comprehensive Tax & Accounting Suite

CCH, a Wolters Kluwer business and part of the Wolters Kluwer Tax, Accounting & Legal division, on Tuesday announced the signing of an agreement to acquire the assets of ATX/Kleinrock, a supplier of tax preparation, accounting and tax research software solutions to more than 48,000 tax professionals and certified public accountants (CPAs) across the U.S.