A&A news

A&A

FASB Issues FIN 46 to Curb Enron-Style Abuses

It took several decades and a crisis of unprecedented proportions to bring the issues to a head, but today's accountants have only weeks to come to grips with the new rules on accounting for special purpose entities (SPEs) like the ones that contributed to Enron's collapse.
A&A

Summary of 2002 Tax Law Changes For Businesses

There are some changes to the tax laws effective for 2002 income tax returns that work to the benefit of business taxpayers. Tax accountants will want to make sure their clients are aware of these changes that will save their clients tax dollars on their 2002 tax returns and in years to come.The deduction for self-employed health insurance as an adjustment to income increases to 70% for 2002. The remaining 30% qualifies as an itemized deduction. For 2003 the above-the-line adjustment for self-employed health insurance increases to 100%.
A&A

Resources For Military Reservists And The Businesses That Employ Them

In the seventeen months since September 11, 2001, more than 100,000 Reserve and National Guard members have been called to active duty.
A&A

FASB Releases FAS 148 on Stock Options

The Financial Accounting Standards Board (FASB) has released Statement No. 148 on "Accounting for Stock-Based Compensation—Transition and Disclosure." This statement provides alternative methods of transition for companies that choose to switch to the fair value method of accounting for stock options. Statement 148 also makes changes in the disclosure requirements for stock-based compensation, regardless of which method of accounting is chosen.
A&A

The Pros & Cons of Starting Your Own Business/Practice

By abcsmallbiz.comSome of the reasons people start or buy their own businesses are to;- be their own boss or create their own job - seek an alternative to their current career - make better use of their skills and knowledge- introduce a new product or service, or - take advantage of a business opportunity. These are all valid reasons to want your own business, but the success or failure of a person's business venture is as unique as their fingerprint.
A&A

Quick Ways To Boost Profits!

"Too often in business we get trapped into equating sales with profits. Yet there are many other ways you can dramatically impact your profitability!" Underpricing Kills Profits!Many small businesses have thinner profit margins than larger firms do because they tend to underprice their products or services. So why not just raise prices? I know the feeling--you're scared that your competition might swoop in like a bird of prey and your customer base might shrivel overnight!
A&A

How to Write a Press Release For Your Firm

One of the most effective ways of promoting your business is by using public relations. And one of the best tools that small businesses have is the press release. An article that is written from your press release in a newspaper, ezine or magazine, or is covered on radio or television will carry more credibility with the public than an ad that you can buy in the media. As an extra kicker, once it's been published you can pay to have it reprinted as an advertisement.
A&A

Holiday Gifts and Bonuses Remain The Exception

Provided by BNAAs in years past, workers should not count on extravagant holiday gifts or bonuses from their employers. Only a minority of organizations surveyed by BNA, Inc. (38 percent) plan to distribute food, merchandise, or money to employees during the 2002-2003 holiday season, unchanged from a year ago and down just a bit from 2000 (41 percent). Moreover, only a handful of companies will lavish expensive merchandise or large bonuses on their workers.
Community News

The Value of Trust, A Clients Perspective

By, Joe Heller, The Strategy SamuraiOne of the most challenging, if not the most difficult piece of the business development puzzle in a sale is - Trust. Trust today is truly the pivotal point of building a successful business relationship. Trust is rarely tied to a product or service but it is facilitated by the person interacting with the customer. Why is this important? Because everything depends on trust and in this day and age, trust is difficult to come by.
A&A

Free Report - News And Views Abound on 401(k)s

With recent cost-of-living adjustments released by the IRS, and the approval of legislation such as the Sarbanes-Oxley Act (SOA), 401(k) plans are poised to once again become a red-hot employee benefit. Employers can be prepared when that happens by downloading a new free report posted on AHI’s BenefitsAlert.com.
A&A

Legal And Practical Suggestions For Bonuses, Perks, And Other Benefits

With the holiday season in full swing, employers are looking for ideas and methods to reward their hard-working employees with bonuses and perks that will not eat away at their bottom line. AHI’s latest free report can assist by giving suggestions that will keep employees happy while keeping a company’s wallet from being depleted.
A&A

Corporate Holiday Gift Etiquette

This "most wonderful time of the year" can be most stressful for those who give or receive gifts in the workplace. Here are eight simple guidelines to help everyone navigate corporate gift giving and receiving etiquette.Compliments of Pleaseandthankyou.comAlways Ask Before GivingEnquire about the company’s gifting policy. Many corporations do not allow their employees to receive a gift of any sort…while others have set guidelines on the value or type of gift.
Practice Management

Grant Thornton Launches New Client Analysis Tool

Middle market companies looking for ways to analyze their businesses now have a new tool to add to their arsenal. Grant Thornton has announced the launch of ASAP, a strategic gap analysis tool designed to help clients identify ways to drive down costs, improve business operation effectiveness, manage risk, and enhance profitability. "Grant Thornton’s ASAP provides a focus for business discussion and examination of performance," says Brad Gabosch, Grant Thornton’s managing partner of assurance and advisory services.
A&A

SBA Partnership Offers Free Risk Management Tools to Business Owners

Small business owners can now take advantage of free risk management tools, available on the Web, thanks to a new partnership between The Hartford Financial Services Group and the Small Business Administration.The co-sponsorship of the educational materials and online interactive tools in intended to bring to the small business owner many of the tools previously available only to larger businesses.Resources are available on both the SBA's Small Business Classroom Web site www.sba.gov/classroom and The Hartford's Small Busines
A&A

FASB Tightens Accounting Rules For Loan Guarantees

The Financial Accounting Standards Board
A&A

FASB Issues 2nd Draft on Accounting for Stock Options

The Financial Accounting Standards Board (FASB) has issued another invitation to comment on stock-based compensation. This one asks for your views on accounting for the fair value of employee stock options.FASB's document provides you with background information in the form of a concise helpful explanation of the similarities of and differences between the international accounting proposal and one of the two types of accounting now permitted in the U.S.
A&A

Dangerous Knowledge - What We Know Can Hurt Us

By, Keith RosenI recently purchased some advertising space in a national magazine. I have been a subscriber for years and knew everything I needed to know to select them as an advertising vehicle. I called them with one intention, to place an order. When I called the sales office, the ad saleswoman began doing what she felt was appropriate and that was to start selling me.
A&A

Hit List Picked For Fast-Track FASB/IASB Convergence

The Financial Accounting Standards Board (FASB) has reached into its vast reservoir of U.S. accounting standards and drawn up a hit list of 17 topics targeted for fast track convergence with international standards. The winning topics in this lottery are not necessarily the U.S.
A&A

Free Accounting Software Being Developed For Non-Profits

A unique academic-community collaboration is underway in Chicago that will result in non-profit organizations and small businesses across the country being able to access accounting software for free.Loyola University computer science professors, students and neighborhood residents will work together on building the web-based software thanks to a $1 million grant from the National Science Foundation."It's perhaps the largest NSF grant we've ever had," notes William Yost, Ph.D., associate vi
A&A

AcSEC Relinquishes Accounting Standard-Setting Role

The American Institute of Certified Public Accountants (AICPA) announced that its Accounting Standards Executive Committee (AcSEC) will stop issuing general purpose accounting statements of position and concentrate its focus instead on industry-specific accounting and auditing guidance. The decision, which was made several weeks ago, was also announced by Financial Accounting Standards Board (FASB) Chairman Robert Herz at a conference of financial executives in New York.

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