A&A news

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.
Technology

SBA Launches New Site With Resources For Small Business Owners

Acknowledging that small businesses keep the American economy going, the U.S. Small Business Administration (SBA) has relaunched its website with significant improvements targeted toward small business owners and other users."Small businesses are the backbone of the American economy, and we are committed to providing them with the best and latest tools and resources," said SBA Administrator Hector Barreto.
A&A

IRS Web Site Offers Identification Numbers For Businesses

The Internal Revenue Service now lets businesses obtain identification numbers directly from its Web site. After the taxpayer completes an application form online, the system issues an employer identification number (EIN) that may be used immediately. This online process eliminates the need to send paperwork to the IRS as well as the delay in issuing a number that may result from an incomplete application form.
A&A

Congress Gains Support in Stock Option Fight

FASB Chairman Robert Herz last week urged lawmakers to stay out of the standard-setting business, but now it seems the legislation that threatens FASB’s independence is gaining support on both sides of the aisle.The “Broad-Based Stock Option Plan Transparency Act" was introduced in March by Rep. David Dreier (R-Calif.) and Rep. Anna Eshoo (D-Calif.) and currently has 44 co-sponsors.
A&A

Computer Virus BugBear is Back And Targeting Banks

Twelve hundred of the world’s largest banks, including J.P. Morgan Chase, American Express, Wachovia, Bank of America and Citibank, are potential victims of the latest wave of the Bugbear virus, which first surfaced last fall.The virus travels via e-mail and attacks Windows operating systems and was first noticed on September 30th and after it had already infected computers in dozens of countries.
A&A

Stock Option Expensing Subject of House Hearing

Robert Herz, chairman of the Financial Accounting Standards Board (FASB) strongly objected this week to proposed legislation that would place a three-year moratorium on the expensing of stock options. He said the action "would be in direct conflict with the expressed needs and demands of investors." "The moratorium would establish a potentially dangerous precedent," Herz said in testimony before a House panel.
A&A

IRS Moves to Reduce Retirement Savings Barriers

The Internal Revenue Service moved today to make it easier for retirement plans to stay within complex rules and to reduce barriers that discourage some businesses, particularly small businesses, from adopting such employee benefits.The IRS is streamlining its system of voluntary correction programs designed to help retirement plan sponsors and administrators retain the favorable tax status of their plans, including simplifying the fee structure for voluntary submissions.
A&A

Survey: Small Businesses Not Offering Employee Retirement Plans

If you are planning to get by in your golden years on your company-sponsored retirement plan proceeds, make sure you are working for a large company.
A&A

FASB Agrees to Rethink Pension Rule Change

Under increasing pressure, the Financial Accounting Standards Board (FASB) agreed to take another look at its proposed rule that would change the way some pensions are valued which could have had a possible negative impact on some companies’ balance sheets. Industry groups decried the proposed rule change, which would have required companies to use an interest rate tied to a market index—a one-year Treasury bill, for instance—to place a value on their pension liabilities.
Practice Management

What Do Your Clients Really Want?

It's really no secret what your clients and prospects want, they want solutions and leadership. Solutions and leadership demonstrate value to a client. These come from a thorough knowledge of the client's objectives, strategies, existing circumstances, competitive position, and personnel.

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