News | AccountingWEB

News

AccountingWEB Teams Up With MicroMash To Provide CPE Offerings

AccountingWEB is pleased to announce that it has teamed up with MicroMash to bring AccountingWEB members access to over 100 titles in Accounting, Auditing, Taxation, Management, Industry Courses, Personal Development and more. MicroMash has been recognized as a superior content provider for the past 15 years, and that won't change in this age of "all you can eat CPE". MicroMash guarantees that the extensive curriculum is of the highest caliber, combining the latest in computer technology with the most advanced coursework.
Tax

Tax Tip: Selling Your Home

If you sold your main home, you may be able to exclude up to $250,000 of gain ($500,000 for married taxpayers filing a joint return), according to the IRS. This exclusion is allowed each time that you sell your main home, but generally no more frequently than once every two years. To be eligible for this exclusion, your home must have been owned by you and used as your main home for a period of at least two years out of the five years prior to its sale. If you and your spouse file a joint return for the year of the sale, you can exclude the gain if either of you qualify for the exclusion.

Officials Charged in Largest Accounting Fraud Ever

In a civil suit filed by the SEC in federal court Wednesday, the former chairman and vice chairman of Cendant Corporation were indicted for conspiracy and wire fraud and accused of doctoring the books of predecessor company, CUC International Inc., for the purpose of misleading shareholders. The two had resigned from the company in 1998.
Tax

Preparing an Exit Strategy for Your Business

Preparing for your retirement is part of every businessperson's long-term goal. But what if you are the owner/operator of the business? You have invested money, time, hard work into growing your business and now it is time to step down. What should you do?When the time comes, you may want your business to continue and prosper, but you don’t want the IRS to take possession of your hard-earned gains with estate taxes. Maybe your business has taken a hard fall, and you need to know your liquidation options.
Tax

H&R Block Penalized $500,000 for Deceptive Advertising

A federal judge assessed a penalty of $507,477 against H&R Block for misleading advertising.
Tax

How Does the Bush Tax Cut Plan Affect You?

Tuesday night, President Bush officially unveiled his hopes, plans, and promises for a new budget and a new direction in the nation's economy. The centerpiece of his speech before Congress and to the nation was his tax cut plan.Under the Bush plan:All federal income tax rates will be cut from the five current levels (15%, 28%, 31%, 36%, and 39.6%) to four, lower levels (10%, 15%, 25%, and 33%).
A&A

AccountingWEB's Recommended Research Site-Check it Out!

The U.S. Department of Labor’s Web site provides a wealth of information for students, accounting professionals, and human resources representatives. At this site, you can gather information on a specific industries, occupations, projections for an occupation, or trends for a client’s industry. The site highlights many areas including Career Guides, Inflation and Spending Guides, Employment Projections, Wages by Occupation, and Employment Cost.
Community News

Andersen Consulting Brand Heading for the Graveyard

Arthur Andersen, upon divorcing itself from the firm of Andersen Consulting, now known as Accenture, retained the right to own and use the name, Andersen Consulting. Now it has announced official plans to eliminate the name entirely.Richard Boulton, global head of Arthur Andersen's Business Consulting division, announced this week that his company "does not want to hide its consulting strength.""Our consulting division is a very different organization to Andersen Consulting. We don't want to be seen as passing ourselves off as them," Mr.
Tax

Tax Tip: Faster Refunds Through Direct Deposit

Want a faster refund? More taxpayers are choosing direct deposit as the way to get their tax refunds. The payment is more secure -- there is no check to get lost. And, it's more convenient -- no special trip to the bank to deposit a check. To request direct deposit, follow the instructions for "Refund" on your tax return.Nearly 30 million people had their tax refunds deposited directly into their bank accounts during the 2000 filing season, a 25 percent increase from the year before.
Community News

Pizza & Doughnut Contest Winner - Crisp Hughes Evans LLP

AccountingWEB is pleased to announce the winner of the "AccountingWEB 2002 Free Pizza and Doughnuts Contest." Crisp Hughes Evans LLP, located in Greenville, South Carolina is the lucky winner of free pizza and doughnuts from March 1st through April 16th. Summer Brooks submitted her firm’s name for the contest and was chosen from 98 entries. Crisp Hughes Evans has offices in North Carolina, South Carolina and Georgia.
Technology

IRS Unveils Small Business Community Website

The following article is provided courtesy of CCH, Inc.At a February 26 press conference, IRS officials announced the launch of the Small Business and Self-Employed Community page on the IRS website. The Small Business page is the first segment of the IRS website to be revamped.IRS Commissioner Charles O.
A&A

The Significance of New Employee Orientation Programs

We are all aware of the implications of poor hiring decisions. They can cost the company time and money, and they can result in low employee morale. One basic step to ensuring that new hires get off to a positive start is to conduct an effective employee orientation program. Employees who are properly trained and introduced to the company early feel better about their choice of employer and usually fit in more quickly.
Community News

Results Accountants' Moves to Build Global Brand That Rivals Big 5

Press ReleaseFrom Boot Camp to Multinational Powerhouse - Results Accountants' moves to build a global brand that rivals the Big 5Through an intensive effort that rivals the scope and services brought about by the Big 5 accounting and consulting firms, Results Accountants’ Systems (RAS) today unveiled a bold plan to transform its 3,000+ clients into major players in the worldwide professional services marketplace.

Using Internet Accounting Solutions to Serve Your Clients

Using Internet Accounting Solutions to Serve Your ClientsPresented by Brian Falony, Director of Corporate Programs and Gigi Griggs, Product Manager, Internet Products, Peachtree SoftwareContact bfalony@peachtree.com, ggriggs@peachtree.comTuesday, February 27, 2001 Visit the AccountingWEB
Tax

Tax Tip: Don't Be Taken In by Tax Scams

The IRS reminds taxpayers not to fall victim to a variety of tax scams. These schemes take several shapes, ranging from promises of special tax refunds to illegal ways of "untaxing" yourself. If people think something may be unscrupulous, they can report suspected tax fraud to the IRS at 1-800-829-0433.The IRS urges people to avoid these common schemes:No taxes being withheld from your wages. Illegal schemes are being promoted that instruct employers not to withhold federal income tax or employment taxes from wages paid to their employees.
Technology

Minimizing E-Mail Exposure in Your Firm

Did you know that a deleted e-mail message can be used in an audit, in courtroom litigation, or as evidence in harrassment issues? If you thought you could delete all evidence of unwanted messages, think again. Electronic evidence, especially e-mail, is playing an ever-expanding role in litigation, not just because e-mail has largely become the preferred method of communication in the workplace, but also because of its distinct qualities.
Community News

Accenture May Hop on IPO Bandwagon

Accenture, the firm formerly known as Andersen Consulting, is reflecting on the success of the recent KPMG Consulting IPO and considering a public offering of its own.

Marketing Conference To Address Multiple Levels of Experience

The Association for Accounting Marketing (AAM) has announced plans for its 12th Annual Conference - AAM Marketing Summit 2001: Your Passport to Growth, will be held June 20 - 22, 2001 in Toronto, Canada. This event is the industry’s premier conference for accounting marketing and business development professionals in North America.
Technology

Computer Security a Necessary Cost of the Future

Speaking to a group of CEOs and CFOs in Omaha last week, Mary Pat McCarthy, KPMG's vice chairwoman of information, communications, and entertainment business, warned the executives of the ongoing need to budget for computer security systems.Her message was that hacking is here to stay, and that the cost of not protecting your company's on-line presence can be astronomical. The "I love you" virus that circulated last year, for example, cost businesses throughout the world $10 billion in damage to computer systems.

International Specification for Financial Statements Unveiled

The London-based International Accounting Standards Committee (IASC) has released a draft taxonomy of XBRL for Financial Statements. The entire text of this document can be viewed on the IASC Web site.

Pages


Already a member? log in here.