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High Deductible Health Care Plans Off to Slow Start with Small Businesses

Health care plans with high deductibles that can offer Health Savings Accounts (HSAs) grew only 2 percent among small businesses this year, according to a survey by Mercer Health and Benefits consultants reported on by USA Today. The high deductible plans are more popular among employers of more than 20,000, 22 percent of whom will offer some form of the plan this year.
Practice Management

QuickBooks: New Solutions for Small & Mid-Market Firms

QuickBooks 2006, which hit the shelves last week, is being called the most significant update to the nation’s leading small business management software so far. Along with a new, easier to use interface, a redesigned QuickBooks Solutions Marketplace and other features, QuickBooks 2006 users will find the support experience to be easier and more efficient.
Practice Management

Governance & Accounting Still Concern Investors

Things have improved but there is still cause for concern. That is the message investors and creditors seem to be sending in a special report published Monday by Standard and Poor’s.“Governance and accounting remain heightened areas of concern for investors and creditors, and it remains critically important for them to assess the often qualitative, intangible, and principle-based dimensions of governance and accounting,” said George Dallas, managing director and global practice leader, corporate governance, Standard and Poor’s in a prepared statement.
Community News

Talking Turkey About Employer Gifts

For many businesses, holiday gifts are a tradition. As with most gifts, some prefer tangible items, like turkeys or hams, other prefer things that can be used in the office, such as mouse pads, books or pens, while still others prefer cash because it is more versatile.

Simplify Tax Payments with Treasury’s EFTPS

Do your clients make tax payments? If so, the U.S. Department of the Treasury wants to talk to you about the benefits of paying taxes electronically.Simplify is a national campaign launched to communicate to tax professionals and small businesses the benefits of paying taxes electronically using the Electronic Federal Tax Payment (EFTPS).
Practice Management

InSite Business Intelligence Software Now Enhances Visibility

PerformanceRetail introduced the latest version of InSite Retail Intelligence Suite at the National Association of Convenience Stores (NACS) Show in Las Vegas this week.
Practice Management

More Retired CEOs Being Tapped for Corporate Boards

The average age of directors at U.S. businesses is increasing, partly because current CEOs, who were typically asked to serve on multiple boards, are paring back.Reuters reported that the average age of independent directors at companies in the Standard & Poor's 500 index stands at 60.8, up from 60 in 1998.
Practice Management

Time 2005: The Latest Version of CaseWare’s Time & Billing Software

There are probably as many ways to track time at work as there are people working.

CMA/CFM Credentials Designed for Professionals Working in Industry

The Certified Management Accountant (CMA) credential is conferred by the Institute of Management Accountants (IMA) upon applicants with a bachelor’s degree and at least two years’ management accounting experience, who have completed a four-part examination within a period of three years. Management accountants, who are employed inside industry, government, and academic fields are also called cost, managerial or private accountants, according to the Department of Labor’s web site.

Getting Ready for W-2 Season

For business owners, it's almost that time again. Those brief three weeks after the holidays and festivities of December when you and your accounting department (which are often one in the same) are expected to pull payroll records, calculate year end totals and reports, and generate those all-important W-2 forms for each person in your employ in the previous tax year. Don't break out in stress hives just yet. There are several steps you can take to ensure a smooth 2006 W-2 season: Check reports for accuracy. Make sure that your year-to-date payroll information is correct.
Practice Management

IPA Reveals 25 Best Managed Public Accounting Firms

The October 2005 issue of INSIDE Public Accounting has recognizes 25 public accounting firms as the best managed firms in the industry. These 25 firms represent the “Best of the Best” based on more than 30 criteria measuring wise management and superior operational performance.“IPA’s ‘Best of the Best’ designation is one of the most elite honors an accounting firm can receive, because it’s based entirely on fiscal and operation performance.

New Business Planning Tools for Small Businesses

Two new versions of popular business planning software offers small and mid-sized businesses the opportunity to utilize the same level of detailed business planning as their larger competitors. In fact, these new versions were designed with unique needs and challenges of small and mid-sized businesses in mind.SAP AG unveiled the latest version of SAP® Business One last week. SAP Business One is an affordable business management software solution designed to meet the needs of rapidly growing small and mid-sized businesses in more than 37 countries worldwide.
Practice Management

Wanted: Accounting Grads, Willing to Pay Gym Fees

Overworked accounting executives are finding that great pay and benefits aren't enough to attract top talent.Satisfying the crushing demand for accounting services means getting creative: offering athletic club memberships, flexible work schedules, telework options, bonuses, training opportunities and the intangibles, such as a positive “work environment” and “work-life balance.”

White Paper Overview: CPA Firms Lack Formal Staffing Programs

Few certified public accounting (CPA) firms have formal, documented programs for attracting and retaining qualified staff members a recent survey conducted by the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA). Survey results appear in the white paper Best Practices in Recruiting and Retaining Talented Staff. “Unfortunately, many firms believe that they lack the resources to implement a formal program.
Community News

Smaller Accounting Firms in Big Demand

With the Big Four accounting firms busy helping public companies comply with the Sarbanes-Oxley Act, smaller firms are picking up business once dominated by their bigger rivals.At least two surveys over the last two years show that Big Four accounting firms are losing clients. Some of it is by choice, as the Big Four have had to drop some smaller companies to make sure their big public clients are in full compliance with the corporate reform legislation, especially the rigorous internal control requirements.

E-mail Just Got Safer for Small Businesses

Small businesses using Microsoft® Outlook® for e-mail can now get the same levels of rights management and encryption previously available only to large enterprises.
Practice Management

Intellitactics SAM Offers Complete Security Effectiveness Picture

Is our network secure? How secure is our data and information? Executives are asking these questions of their information technology (IT) staff with increasing frequency.
Practice Management

Webcasts Look at Security

Two upcoming web seminars will focus on security related issues. The first, scheduled for October 25, will look at proven methods for measuring security.

Employees to Mull New Trade-offs in 2006 Health Care Options

An array of new health care benefits have become available that may help employees plan for ever-increasing medical costs.Advertisement

Board Oversight is Positive for Both Profit and Non-Profit Companies

A new study shows non-profit boards that practice good governance and stress accountability contrary to groups urging more oversight of non-profit organizations. The Johns Hopkins University Listening Post Project issued the report in which a vast majority of the 247 boards surveyed “are highly or significantly involved in the key strategic oversight functions that non-profit boards are expected to perform,” according to the study cited in the Fort Worth News-Sentinel.


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