A&A news September 2007

A&A

Setting up payroll in a small business

For a small business with new employees, the process of setting up a new payroll system can be daunting. By breaking down the process into small steps, the process can go smoothly, employees will get their paychecks on time, and tax filing deadlines will be met with ease.Step 1: Obtain a federal identification number from the Internal Revenue Service and a state identification number from your state revenue department.
A&A

New employer ID numbers now available instantly online

Taxpayers can now request an Employer Identification Number (EIN) through a Web-based system that instantly processes requests and generates identification numbers in real time, the Internal Revenue Service has announced. "This new and improved online application will reduce the time it takes taxpayers to get an EIN," said Richard Morgante, Commissioner of the IRS Wage & Investment Division.
A&A

Here comes QuickBooks 2008

Intuit Inc. has released its new line of QuickBooks 2008 products and services. According to Intuit, the 2008 version of the nation's best-selling small business financial software focuses on ease-of-use improvements for important day-to-day tasks, as well as connecting in new ways with new applications. Other new features extend the power of QuickBooks beyond accounting by integrating with new online services and industry-leading applications.
A&A

Job security: Execs prefer being employed to self-employment

Most executives would decline the opportunity to be their own boss, according to a new survey. Sixty-five percent of respondents said they feel the average executive would not choose to be self-employed if he or she had the necessary startup capital. Thirty-two percent disagreed -- down from the 38 percent in a similar survey 10 years earlier who felt senior managers would, indeed, take the plunge.The survey was developed by Robert Half Management Resources, the world's premier provider of senior-level accounting and finance professionals on a project and interim basis.
A&A

Ahoy! Can you talk like a pirate? Today's the day to try

In case you didn't know (or conveniently forgot), today, September 19, is International Talk Like a Pirate Day.
A&A

Survey: Female entrepreneurs take risks, are educated, and have borrowing power

RSM McGladrey has announced results of its Survey of Women Business Owners. The 2007 survey is the third survey sponsored by RSM McGladrey, the nation's fifth largest tax, accounting, and business consulting firm. The Chicago Chapter of the National Association of Women Business Owners, who was a co-sponsor last year, the University of Chicago, and the Committee of 200, an international membership organization offering top business owners and corporate women support, mentoring, education and recognition, joined RSM McGladrey as co-sponsors of the 2007 survey.
A&A

CFOs worried about availability of future finance leaders and talent

There is a disconnect between where the finance office needs to go and the talent it will need to get there, according to a Deloitte Consulting LLP global survey, "The Finance Talent Challenge: How Leading CFOs are Taking Charge." The study, developed in cooperation with the Economist Intelligence Unit (EIU), discovered that a new breed of talent is needed to propel the finance function beyond traditional roles within a company and to a new level of strategic leadershi

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