A&A news

A&A

Company Alcohol Policies? Holiday Regrets!

More often than not the issue arises because someone gets hurt due to alcohol consumption in a work-related situation.Employers could end up with legal troubles unless the company can show that it had no control over the situation and had no reason to assume it would occur.
A&A

E-Payments at Forefront of Citigroup/AOL Alliance

Nowadays, if you owed a friend money, you would either pay that person in cash or write him or her a check, right?In the near future, the whole scenario could change, based on talks between online provider America Online and banking giant Citigroup.The two companies predict e-payment is about to become mainstream as the two work to set up a way to transfer electronic payments to individuals through online banking.
Technology

How Much is Your Car Worth?

The end of the year signals a hurried rush to either buy a car, trade in your old one or settle with what you have.
A&A

Priceline's Ex-CFO $3 Million Loan Excused

Many are aware of the fact that Priceline has had its share of problems, but the latest news from the Norwalk, CT-online retailer is stunning. The company is forgiving a $3 million loan given to ex-CFO Heidi Miller.The loan was given a 6.8 percent APR, and the fact that the company won't pursue repayment from Miller is circumspect to her departure.
A&A

Who Wants to be a Consultant? CFOs Do!

Are finance professionals going the way of the rest of the market? Seems so, according to a new survey conducted by RHI Management Resources, which found that 75 percent of CFOs surveyed said consulting is an 'attractive career option.'The reasons were attributed to the variety of work involved, along with a professional challenge to the work itself.
A&A

ValueReporting: Financial Reporting for Today's Economy

In an effort to more accurately reflect the value of today's knowledge-based businesses, Big 5 firm PricewaterhouseCoopers has launched a new framework for financial reporting called ValueReporting, a new method of capturing what is important to 21st century businesses.
A&A

D&T Survey Reports Excellent Holiday Buying Season

The 15th annual Consumer and Retailer Mood Survey: Retail Holiday Outlook poll conducted by Deloitte & Touche and the National Retail Federation has extremely positive results for retailers.The survey reports that an overwhelming 82 percent of respondents plan to spend more during the holiday season than last year.
A&A

Rosy Outlook: Dell Financing Partner Renews Contract

Austin, TX-based Dell Computer Corporation got a shot in the arm when its financial partner, CIT Group of New York, renewed the contract for supporting Dell Financial Services.
A&A

AmEx Offers Small Business an Entree to E-Commerce

If you're a small business or firm, chances are you or your clients may accept American Express for payment.
A&A

A Look at Lucent's CFO: Cause or Effect?

Most people know about the ongoing barrage of problems facing Lucent, including the recent firing of CEO Richard McGinn. Now that the dust from his departure has settled, analysts are beginning to scrutinize other areas of the company, including the role played by CFO Deborah C. Hopkins.Hopkins came to Lucent last spring, having left Boeing with a string of successes to her credit. Lucent hired her to help fix the problems plaguing the company--not an easy task given McGinn's record for wanting to run things his own way.
A&A

Insight into the Role of Boards of Directors

This article abstracted with permission from the Financial Management Network.The rapid growth rate of venture-backed companies makes it exceedingly difficult yet increasingly important to build and maintain a company’s team, which includes the board. That team must grow and change as the company matures.
A&A

Credit Card vs. the Bank Loan: Which is Better?

It's a common problem of our times. You, a client or someone you know wants to buy something, but may not have the cash readily available to make the purchase. What would you do, or advise your client to do?Experts say that the annual percentage rate (APR) probably would be lower for a bank loan, even an unsecured loan, than most credit card rates. Compare the two. A credit card with a 19 percent interest rate versus a bank loan with a 15 percent rate would yield a savings of $70 over a three-year period of paying back a $1,000 loan.
A&A

CPAs Should Educate SB Owners

Perhaps it's the job of the CPA or accounting professional to educate small business clients on the ins and outs of offering medical and other benefit programs to their employees.The 2000 Small Employer Health Benefits Survey sponsored by the Employee Benefit Research Institute, Blue Cross Blue Shield Association and the Consumer Health Education Council found that the primary barrier preventing companies from offering benefits is the cost associated with employer-sponsored progr
A&A

Andersen and CFO Magazine Honor top Financial Officers

CFO magazine and Arthur Andersen, LLP have released the coveted list of the top CFOs.According to the magazine, those honored 'has broken through the traditional boundaries of finance, creating value in innovative ways, and delivering it on a consistent basis.'Winners and their categories include: Larry Kellner of Continental Airlines for Information/Knowledge Management; Larry Carter of Cisco Systems Inc.
Technology

EY's new Webcasts Target Entrepreneurs

A new effort by Ernst & Young to reach 35,000 entrepreneurs is designed to promote the firm's new 'Excelerate To Win' program.EY has partnered with various content providers to present a series of Webcasts called 'Winning Strategies for Fast-Paced Ventures.' The first broadcast, 'Protecting Your Intellectual Property' will be held Oct. 24 on the firm's Web site, with five more scheduled each Tuesday following the initial broadcast.The firm hopes this new strategic program will help businesses grow for the long term.
A&A

Refresher on Tax Deductions for Small Business

Most tax professionals advise their clients who own small businesses that they are much more likely to be audited by the Internal Revenue Service than anyone who is employed by another company.
A&A

Chevron/Texaco Merger Requires Sell-off

The oil and energy industry was rocked with the news of the $100 billion merger between Chevron and Texaco.However, if the merger actually were to go through, analysts predict that Texaco will have to sell off its partnership with the Royal Dutch/Shell Group in the western United States before the deal can be finalized.Why?
A&A

Subsidiary of Business 2.0 Parent Overstated Sales

Business 2.0, a popular San Francisco-based magazine and technology think tank that has been successful in predicting the next wave to hit the New Economy, may have suffered more than just a temporary setback thanks to a subsidiary of its parent company, The Future Network Plc.Future Network is based in Great Britain, but a subsidiary called Future France SA is the cause of the problem.
A&A

How to Choose the Best Credit Card

This time of year, our mailboxes are overflowing with seemingly attractive credit card offers, and while many state CPA societies and the AICPA also offer credit card affinity programs, how do you begin to determine which card to choose and with which bank to affiliate?According to Smart Money magazine, the way to determine the best deal is to figure out how much a card really costs you.
Tax

Bush or Gore? Will the real Front Runner Step Up?

An independent national survey commissioned by inc.com suggests that Governor George Bush may be the present front-runner among small-business owners. The results show that the major worries of small-business owners are taxes, health insurance, and government regulations.The survey suggests that nearly 50 percent of respondents lean toward Governor Bush in the November election, whereas approximately 30 percent are partial to Vice President Al Gore.

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