A&A news

A&A

Lawyers Balk at New SEC Rules

New rules established by the Securities and Exchange Commission encourage lawyers to break their client confidentiality compact when clients are suspected of financial fraud.The SEC rules, part of the fallout from the Sarbanes-Oxley Act of 2002, require lawyers to report concerns of violations of securities laws to corporate executives.
A&A

What to Avoid in Your Business Plan

When writing a business plan here are some things to avoid: Form over substance. If it looks good but doesn't have a solid basis in fact and research, you might as well save your energy. Empty claims. If you say something is so, back it up in the next sentence with a statistic or fact or quote from a knowledgeable source that supports the claim. Rumors about the competition. If you know for sure one is going out of business you can allude to it, but avoid listing their weaknesses or hearsay.
A&A

Regulatory Agencies Earn Improving Grades From SBA

SBA Press ReleaseFederal regulatory agencies are doing better at creating and maintaining a small-business friendly attitude toward the nation’s small businesses, according to the fiscal 2002 annual report to Congress from the U.S. Small Business Administration’s National Ombudsman.More than 30 agencies and their divisions received ratings from National Ombudsman Michael Barrera on their resolution of complaints about excessive enforcement.
A&A

Intuit Launches Payroll Referral Reward Program

Intuit, a leading business and financial software maker, has launched its new Accountant Payroll Referral Reward Program, offering rewards and incentives to accountants who refer clients to Intuit Payroll Services full-service payroll solutions.Those wishing to participate in the program will need to register with Intuit to be eligible.
A&A

Full Text FASB Statements Now Available For Free

The Financial Accounting Standards Board has brought a midsummer's gift to the accounting profession. The status, summary, and full text of all statements are now available online, and free of charge.For years, practitioners, educators and students have grumbled about the lack of free access to the rules and regulations governing the profession they are serving. FASB has responded accordingly. All statements are presented in PDF format, requiring the reader to have Adobe Acrobat 5.0 or higher installed on his or her computer.
A&A

IRS Issues Temporary Regulations on S Corporation ESOPS

The Treasury Department and the IRS have issued temporary and proposed regulations to shut down abusive arrangements involving certain employee stock ownership plans (ESOPs) holding stock in S corporations.
Practice

In Spite of Terrorist Threats, Spending on Security Lagging

A new study by The Conference Board shows that, in spite of the continued threat of terrorist violence, most companies are spending approximately the same on security that they spent prior to September 11, 2001.According to a survey of more than 330 business security directors, risk managers, and information technology security officers, there has been only a 4% median increase in security spending in the past two years.
A&A

How To Build Unique Referrals

To get more and better business leads, network with those clients you already have a relationship with. Create a referral form.A fill-in-the-blank referral form that is distributed quarterly to the names on your database is guaranteed to land leads. To help customers zero in on appropriate prospects, ask questions that relate to your niche: "Whom do you know who's retiring in five years? Who just bought a new home? Who's launched a business?" Send a thank you note to everyone who sends you a referral.
A&A

Sharp Increase in SBA-Backed Loans Fuels Small Business Growth

The number of small businesses receiving loans backed by the U.S.
A&A

Stock Options: New Valuation Model, New Approaches

Stock options continue in the news with an advisory board urging FASB to consider a different valuation model, and Microsoft coming out with an announcement that will significantly impact employees and recruits.
A&A

Reality TV Meets Small Businesses Later This Month

While many Americans continue to feast on the likes of American Idol, The Bachelor, Fear Factor and the other new "reality" television shows, one show will try to make its way by following the challenges of a small business owner as he tries to accomplish his dream of running a family restaurant.The Restaurant is a six-episode series, debuting July 20, that offers a behind-the-scenes look at the life and struggles of real life chef Rocco DiSpirito as he creates, launches
A&A

Microsoft Launches Next Generation of Identity Management Software

Microsoft has released the Microsoft® Identity Integration Server (MIIS) 2003, a key element of its comprehensive approach to help customers build cost-effective, end-to-end identity management solutions.Corporate workers often have multiple usernames and passwords for various software applications, and Microsoft's new product is intended to manage and unify all of those scattered IDs."The challenge for customers is: How do they get that single view of the user across t
A&A

Small Businesses Get Federal Compliance Relief

The U.S. Small Business Administration, in cooperation with the Office of Management of Budget, has developed a comprehensive list of federal regulatory compliance assistance resources and a point of contact in each federal agency for helping small businesses comply with the Small Business Paperwork Relief Act.“The SBA, with the assistance of the OMB, is breaking down more barriers to small business productivity,” said SBA Administrator Hector V. Barreto.
A&A

Top Ten Strategies For Client Retention

By Bea Fields of Five Star LeaderTraditional marketing strategies encourage business owners to continually grow their businesses by adding new customers. In today's competitive world of business, it is more important than ever to aim for more transactions with existing customers by using the power of customer follow-up and attention to good service. These ten tips will help you in turning your existing customers into walking billboards for your business.
A&A

Enron Lawsuit to Push Limits of Corporate Pension Plan Laws

The Department of Labor has filed suit against Enron Corporation and individuals who were directors and other executives of the now bankrupt conglomerate, alleging that the company violated pension laws by mismanaging employee retirement funds.The lawsuit calls for Enron to pay company employees hundreds of millions of dollars as a result of a company policy that prevented employees from changing their invested retirement money from company stock to a different investment. Enron prevented employees from selling the Enron stock in their 401(k) plans until they reached age 50.
Technology

New Bilingual Accounting Software Rolled Out

Are you running a small business with English- and Spanish-speaking employees? The launch of Simply Accounting 2003 in a new bilingual English-Spanish format may be the answer to the language barrier in the Hispanic businesses.Simply Accounting offers a host of accounting functions that allow staff to work in their preferred language or to switch in and out of the two languages, while maintaining full accounting integrity.
A&A

Characteristics That Make a Successful Entrepreneur

Do you have what it takes to be an entrepreneur? Entrepreneurs are like everyone else - the difference is they usually have stronger feelings and express themselves more strongly than those less likely to strike out on their own. If you are going to risk your money and time in your own business you must have a strong feeling that you will be successful. These strong feelings may also cause problems. If you want to start your own business, you probably have mixed feelings about authority.
A&A

Intuit and Amazon.com Launch Boutique For Small Business

Press ReleaseIntuit Inc. has announced an agreement with Amazon.com, Inc. to offer a QuickBooks Software Add-ons boutique on Amazon.com that sells business applications that share data with QuickBooks® 2003 products. The QuickBooks Software Add-ons boutique will provide an easy way for small and growing businesses to find and purchase industry-specific software products that integrate with QuickBooks.
Practice

How to Control Time Sheet Manipulation & Check Fraud

"Excerpted from IOMA's "Payroll Managers Report" June 2003 issue.Large amounts of money flow through your company's payroll account. The potential for fraud is significant, and the consequences can be devastating. Whether it's time sheet manipulation or check fraud, today's technology requires payroll professionals to be diligent in finding the red flags of fraud and instituting internal controls to stamp it out.

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