A&A news

A&A

Bill May Recover Billions in Tax Dollars

There are approximately 2 million business owners across the country who, over the years, have withheld payroll taxes from employees and then failed to turn the money over to the federal government.
A&A

ASP Industry Reaches Another Milestone

As if to illustrate the massive growth in the application service provider market this year, the Application Service Provider Industry Consortium has just reached its 650-member milestone - a mere 16 months after its inception.The 650th member to join the consortium was a California-based company, Voci, which specializes in ASP speech-recognition solutions.The ASP Industry Consortium promotes the industry by sponsoring research and advocating for best practices.
A&A

The Great Entrepreneur Quiz

Do you have the entrepreneurial spirit? Take this sample quiz based on Radicals and Visionaries, "Entrepreneurs Who Revolutionized the 20th Century" published by Entrepreneur to test your knowledge of the success stories of the 20th century.Scroll to the bottom of the page for the answers:1. This pregnant housewife started a business at her kitchen table using for seed money cash she received as wedding gifts. To get around suppliers who refused to work with a woman, she set up her own light manufacturing facilities.
A&A

Teaching: A new and Obvious Role for CFOs

CFO magazine reports that CFOs are recognizing the need to educate others in the knowledge they have learned over the course of their careers.Although only a small percentage of CFOs are actually leaving the profession to teach in the classroom, there are a number of other ways to communicate the knowledge learned. Areas of CFO expertise include subjects like Internet financial models, and compensation and benefits. CFOs also can bring value-added questions to shareholder meetings.Why is this a trend now--all of a sudden?
A&A

Eight Tips on Security For the Home Worker

Telecommuting isn't a trend anymore; it's here to stay, and many of us are working from home rather than traveling each day to the office. While planning for other work-at-home requirements like office space, a computer, and plenty of snacks in the fridge, be sure to place protection right at the top of your list.
A&A

One More Small Business Portal: Netscape

Is there really room for one more small business portal? Established competition from Microsoft, Excite and Dow Jones isn't enough to scare executives at Netscape.The company has created 'Netscape Netbusiness' as a way to reach small businesses with less than 10 employees.One way Netscape plans to support the site is through advertising.
A&A

VCs Cautious in new Funding Schemes

If you have an old tie or skirt, chances are that tie or skirt will be back in style one day soon. The same holds true for venture capitalists who fund businesses. These angels are finding that they are returning to the old days of funding companies with a solid infrastructure versus the latest dot.com craze.The rules certainly have changed over the last six months--mostly since technology stocks took the famous nose-dive last spring.
A&A

Find out What You're Worth ($) at new Web site

How much should you get paid? Is the guy or gal in the next office making more than you are?Anyone can achieve leverage by discovering what they're really worth, and a new Web site called Salary.com makes the process a snap.
A&A

Fall Airline Fares Slashed Dramatically

In the wake of this summer's United Airlines' debacle of cancelled flights, delays and labor shortage, the world's largest airline has cut its fares by half for travel now through Dec. 14.As of Wednesday, at least seven other airlines matched United's fares.
A&A

Tax Relief in Sight after November Election?

Now that the estate tax bill has been defeated, legislators are looking to the November elections to solidify a stance on future tax reforms.According to Christopher 'Kit' Bond (R-MO), the fall election season is critical if Congress is going to move forward with any kind of tax relief because 'who' get elected has the largest effect on pushing forward any legislation that may make a difference.While November is viewed as the pinnacle for Congress, there will be some activity in the fall prior to the election.
A&A

12 Ways to Ease the Fear of Self-Investing

Even though we are accounting professionals and are used to dispensing advice, when it comes to self-investing--with our own money--it's a different story completely!Most anyone who invests on their own faces a society in which we're taught to trust someone else with our money. However, there are ways to combat the fear of investing and come out on top.
A&A

Fin. Exec. of the Year Nominations Open

Fiscal responsibility affecting cost savings, productivity and profitability are the attributes associated with the Financial Executive of the Year awards competition.Now in its fifth year, the awards are sponsored by Accountants on Call (AOC) and the Institute of Management Accountants.Both members and nonmembers of the IMA are encouraged to apply for the award; deadline for submitting nominations is Nov.
A&A

NetLedger and ADP Launch Online Payroll and Accounts

Accounting application service provider NetLedger has formed an alliance with payroll company Automatic Data Processing (ADP) to offer an integrated "one-stop" payroll and accounting service on the Web.EasyPayNet is available to customers of both companies and lets them automatically update their accounting records as their payroll is processed.
A&A

Going for the Gold in Salt Lake: Expenses Loom

As we prepare to watch the summer Olympics from Sydney, Australia, the scene is very much different in Utah, where the already scandalized 2002 winter games from Salt Lake City loom on the horizon.At the helm of the money matters connected to the Olympics is Fraser Bullock, Salt Lake Olympic Committee chief financial officer, who, according to CFO magazine is not trying to put on the best Olympics ever in the history of the games. He's just trying to put on the games.
Practice

When is a Merger the Right Answer?

August Aquila, Vice President of Mergers and Acquisitions for American Express Tax and Business Services, presented an interactive workshop at AccountingWEB on Tuesday, September 5, from 4 to 5 p.m.
Practice

Get Started with Online Accounting

Service is what will set the successful ASPs aside from the unsuccessful ones. "I think service is the single most important aspect." according to Jack Fox, M.B.A., author of, among other titles, Building a Profitable Online Accounting Practice. Mr. Fox presented the AccountingWEB workshop on August 31, "Online Accounting…Frontline to Bottom Line." Mr. Fox addressed aspects of online accounting, describing how accountants can pave the way for the new economy.
A&A

The Jailbird CFO: Fraud on the Rise

What's going on in the world of the CFO? The latest trend seems to find some CFOs caught with their hand in the cookie jar - caught in some sort of fraud scheme.Take several examples that have recently made the news. Office equipment leases offered through Bennett Funding Corporation in New York landed CFO Patrick Bennett in jail. Paul Polishan, who was the CFO with Leslie Fay, was sent to jail based on indictments of 18 errors related to accounting misstatements.Why is this happening, over and over, in a seemingly increased capacity?
Technology

Amazon's Debt Load Worries Investors

Admit it. You've been at parties or social functions at which a group of accountants, CPAs or financial professionals cussed and discussed the much-anticipated fate of Amazon.com. It's on everyone's minds as we still sort out the dotcom winners from the dotcom failures.Amazon.com continues to be strong in the eyes of the consumer, but the investor side is a different story completely.
Technology

KPMG Points Out the E-vil of the New Economy

KPMG Consulting has warned businesses to steer clear of the seven deadly 'e-sins' that could cripple their online operations.E-business partner Paul Baker says that the path to 'e-virtue' lies in avoiding the following:Sloth - the key top e-business is speed;Envy - don't simply copy the successes of other companies;Greed - Don't be afraid to collaborate;Pride - Share your data;Gluttony - Delivering online grub can be complicated;Lust - The proliferation of porn sites makes a clearly defined policy on permissable personal browsing a must;
A&A

Real Estate Transfer Tax Implications - New York State

Accountants who are advising their clients in real estate transactions should always consider transfer tax implications. There are State transfer taxes as well as taxes imposed by the City of New York, some counties and towns. These taxes are paid at the time of the closing or recording of deed.The New York State Real Estate Transfer Tax is imposed on each conveyance where consideration exceeds $500. The tax rate is $2.00 for each $500 of consideration or fractional part thereof.

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