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Technology

Online Resource for Business Start-Ups

The Wall Street Journal's StartupJournal is the place to go for entrepreneurs who are starting a new business or buying a franchise.
A&A

Entrepreneur Magazine's Best Cities for Entrepreneurs

Entrepreneur Magazine has teamed with business information specialists Dun & Bradstreet to provide a ranking of the nation's best cities for entrepreneurs.The two cities tied for the top berth are Dallas, noted for a well-trained labor force, strong city leadership, and an extensive transportation network, and Orlando, seen as a high-tech hub with a reasonable cost of living and an attractive climate.Other cities filling out the top five include West Palm Beach/Boca Raton, Florida, Washington, D.C., and Austin
A&A

Firms Need To Get More Image Conscious, Survey Reveals

Small firms realize that image is highly important for building their business, but do little about it, a new survey reveals. Less than a quarter of smaller firms surveyed said they were working with their staff to enhance the appearance of the company. The study, by mailing services company Pitney Bowes, reveals that only 25% say they are focused on improving their employees' telephone manner or written communication skills.
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 that 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

Small Business Resource Guide Available for Free

The IRS and the U.S. Small Business Administration have pooled their resources and created a CD full of information that will help small businesses understand their federal tax requirements as well as providing other essential business information.The CD contains start-up information for new small businesses and valuable information from a variety of government agencies, non-profit organizations, and educational institutions, including the U.S. Department of Labor, the U.S. Social Security Administration, the U.S.
A&A

When is The Right Time to Refinance a Mortgage?

Article contributed by; Peter Marino, Green Street Financial Group, Inc. and Member of the National Network of Accountants' Preferred Provider Network.Since January the Federal Reserve has cut short-term rates by 2.75%, however mortgage rates have gone slightly higher than they were prior to the cuts. Determining whether or not to refinance an existing mortgage takes more than just watching the continuous roller coaster fluctuations of interest rates.
A&A

401(k) Tax Deferrals May Backfire

An interesting study released by the National Bureau of Economic Research, demonstrates how 401(k) funds set aside for retirement and tax deferred when earned, may end up actually costing the investors more in tax dollars than if the funds were taxed at the time they were earned.Low- and middle-income workers might be most victimized by a potential retirement scenario in which income from mandatory withdrawals from a 401(k) plan pushes the taxpayer into a higher tax bracket, raising the marginal tax rate and potentially
Technology

Online Resource for Business Valuation

Looking for information on valuing your business? Look no further. Or look way further, depending on your point of view. Here is a Web site, produced by William C. Weaver, Ph.D., that provides more links to online business valuation resources than you will probably have time to examine.From the American Bar Association's tax law summaries to Zero Coupon Bonds, this A to Z summary of online business valuation links provides something for everyone who is interested in business valuation topics and techniques.Another page in Dr.
Practice

FASB Issues Statement on Asset Retirement Obligations

The Financial Accounting Standards Board today issued Statement #143, Accounting for Asset Retirement Obligations.Originally initiated seven years ago to deal with nuclear decommissioning, the scope of the project has been expanded over the years to include the accounting for similar closure costs of other assets at any time during their life.According to the FASB press release, the standard requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it
A&A

cyberCFO Extends Reach

cyberCFO, an outsourced strategic financial services firm for emerging-growth technology companies, announced the opening of its Boston office to be headed by Mary Bevelock, former Managing Partner of PricewaterhouseCoopers' Entrepreneurial Services Center in Cambridge, MA. As Managing Director for Boston, Bevelock will oversee the operations, client service delivery, and business development for the Boston region.
A&A

Treasury to Offer Four-Week Bills

The U.S. Department of Treasury has announced it will begin regular weekly offerings of four-week bills. It is expected that the four-week bills will help smooth seasonal fluctuations in the Treasury's cash balances.The first four-week bills will be officially announced on Monday, July 30, and offered for auction on Tuesday, July 31, at 1:00 p.m., and settlement will occur on Thursday, August 2.
A&A

Marketing Help For Small Businesses

Small businesses are different from larger ones if for no other reasons than they have less money to spend and smaller staffs to help them get the job done. The whole point of marketing is to build relationships with your customers and potential customers. Moreover, even though a small business does not have the budget or staff for large-scale marketing plans, you do have contact with your customers every day. With only 24 hours in the day and a business to run, you may want to hire an ad agency or enlist the help of a marketing consultant.
A&A

Pocket Quicken Speaks to the Palm

Quicken, the leading personal finance software program, is now available in a version for Palm Powered handheld computers. People who own the little handheld computers can now track their personal finance information anytime and anywhere they go with the new Pocket Quicken 2.0.The software connects to the desktop version and synchronizes to provide those who compute on-the-go with account balances, credit limits, transaction histories, exchange rates, and more.
A&A

Is Bill Gates Still The Richest Man on the Planet?

Yes, Bill Gates is still the richest man on the planet, according to the latest ranking by Forbes Magazine, with a net worth of $58.7 billion, but investing guru Warren Buffett, aka "The Oracle of Omaha," slipped past Microsoft's co-founder for second place. Microsoft's Paul Allen moved behind Mr.
A&A

How to Hire the Right Technology Staff

A savvy business owner realizes that having a CPA prepare his complicated tax return is a far better choice than trying to “figure it out” on his own or better yet, hand it off to an employee to figure out. Similarly, CPAs need to realize their need for a strong technology professional to run their networks and implement the strategic technology plan. How you obtain that expertise leads you to a decision to hire or outsource. This decision is based on the size of your firm and the complexity and sophistication of your technology vision.
A&A

Financial Planning Designation May go Global

At its May Board meeting, the Certified Financial Planner Board of Standards (CFP Board) resolved to create a joint task force with representatives of the International CFP Council to develop a proposal for transforming the existing structures of both organizations for the benefit of the global community of CFPTM certificants.
A&A

Financial Services - Avoiding the Ten Traps

Mr. Troy Waugh, CPA, MBA provided this Marketing Moment! A few years ago, one of my clients decided to get into the lucrative business of financial services. After all, financial services companies have been competing with CPAs in the accounting and tax business for years. Partners selected one owner to become the financial services “guru” for the firm. He spent years getting licensed, obtaining a CFP designation and lining up money managers and product sources.
A&A

Fraud Tales - The Case of the Shrinking Margins

When Timothy P. Anglim, CPA, CMA, founder of the Fraud Detectives, accepted an assignment as CFO for a struggling family-owned manufacturer in the early 90's, he expected to find a company that was in need of financial and operational discipline, given its known recent track record of operating deficits. And initially, the assignment focused on upgrading manual financial systems and consolidating several operating entities into one, to improve reporting visibility. Cash flow was negative.
A&A

FASB to Change the Rules of Bookkeeping

It has long been a practice of consumer products companies to pay an up-front fee to retailers for the privilege of having retailers carry their products.
A&A

Find a Back-Up ISP - Protect Your Firm's Connection

Business-interruption insurance can protect you from fires, floods, and other disasters, but are you covered for the loss of your Internet connection? With ISP's shutting their doors around the country, you need to have a back-up plan in place in case your ISP pulls the plug.There are a few insurers that do provide coverage for temporary disruptions in service, but it appears there are no insurers that provide loss coverage when an ISP shuts the doors for good.

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