News

Tax

Audits of Low Income Taxpayers on the Rise

A recent study by Syracuse University has confirmed that for the first time ever, low income taxpayers are more likely to be audited by the IRS than high income taxpayers.Low income taxpayers, defined as the "working poor" with annual income below $25,000, are being targeted to catch fraudulent claims of earned income tax credits.Audits of low income taxpayers, which the study said also included taxpayers who don't file any taxes (income = $0), generally are handled through computer generated correspondence.
Technology

If Dr. Seuss Wrote Technical Manuals for Computers

Reprinted from Leadership Express, the newsletter for Academic Partners of the American Accounting Association.Computer Instructions, by Dr.
Tax

IRS Announces New Specialty Areas for Businesses

New specialty areas in the IRS’s Large and Mid-Sized Business division are geared toward helping businesses file and pay their taxes correctly.

HOT Trade Show Trends

If you think that trade shows are a marketing tool of yesteryear, think again. A recent survey of one thousand executives shows that 85 percent believe trade shows are MORE important today.The trick is that the way they visit trade shows has changed. Trade show visits aren't a haphazard jaunt down the aisles; they are pre-planned strategies with a mission. And, because of lack of time, serious visitors stay late to accomplish their task. But, according to another survey, more than 60 percent of booths are empty the last hour of the show.
Practice Management

Improve Efficency in your Workplace with Systematization

Trent Kaeslin, Practice Development Coordinator for Results Accountants' Systems was our guest Tuesday in the workshop room here at AccountingWEB.

Systematizing: Improving the Effectiveness - with Trent Kaeslin

Trent KaeslinPractice Development CoordinatorResults Accountants' SystemsSession Moderator: Welcome to all of you! Please feel free to ask questions and be assured that we will come back to any questions we miss.I want to welcome Trent Kaeslin as our Workshop Leader today.
Technology

Internet Bigger than Industrial Revolution

With predictions that the Internet industry will top $1 trillion by early 2001, researchers have come to the not-too-surprising conclusion that the Internet is responsible for the nation’s businesses becoming more and more productive.A recent report on measuring the Internet Economy Indicators as they affect U.S. businesses was commissioned by Cisco Systems, Inc. and performed by a team of research experts, which included graduate faculty members from the University of Texas at Austin Business School. The group examined 3,000 U.S.

Where do businesses go to find an accounting firm?

Bsource.com - ever heard of it? If you act quickly, you can list your accounting firm with the web site and get exposure to millions of qualified, prospective clients. So what's the deal? Well, Bsource is a matchmaker for businesses and vendors. Beyond being a directory online, the site uses a proprietary matching system that connects you with clients that specifically match your firm's skills and interests.Many news sites use Bsource as their "matchmaker" service, so you get the benefit of being on many sites at once with just one listing.
A&A

National Network of Accountants Founder Honored

Joe Tucciarone, CFP, founder of the National Network of Accountants, Woodbury, New York has been named as one of Accounting Today's Top professionals in financial planning. The list, compiled annually by Accounting Today, one of the nation's leading publications for the accounting profession, was released in May. The list consists of leaders and practitioners in the financial planning and accounting fields that have influenced CPA involvement in personal financial planning sector. "I am very honored to be recognized by Accounting Today.
Technology

What Will Happen to Us if Bill Gates Stops Controlling Our Lives?

He's at it again - Bill Gates never seems to stand still when it comes to computers and technology. His latest pronouncements involve what Gates refers to as the "bottom line" of Internet usage. The Gates vision projects a third phase of the Internet which follows the initial phases of using the Internet for advertising and conducting business transactions over the Internet. The third phase emphasizes business profitability.Microsoft has already developed the software necessary for achieving the Gates dream.

Girls Going Places Scholarship Awards!

Do you know a young woman between the ages of 12 and 16 who shows potential to succeed in business? Do you know a young woman who makes a difference and demonstrates budding entrepreneurship or financial sense? Do you know a young woman who deserves to be awarded a college scholarship? If your answer is yes to any of these questions tell us about her in 1,000 words or less and submit your entry by September 1, she could be a $15,000.00 scholarship winner. “Our world is in the midst of great economic change.

Free seminar for CPAs.

TUESDAY, JUNE 20, 2000, WESTBURY, NEW YORKFree seminar for CPAs. The National Network of Accountants will host a free breakfast seminar, for CPAs and accountants, Tuesday June 20th. The topic of this seminar is “life insurance as a tax reduction tool.” This professional organization assists Long Island professionals to build business relationships, grow their businesses and help provide more effective client services. CPAs who attend qualify for 3 CPE credits. The breakfast will take place from 8:00 am to 12:00 noon at the Westbury Manor, Jericho Turnpike, Westbury, New York.

Jim Kaplan

Jim Kaplan, CIA CFE CSMWebmasterAuditNetJIM KAPLAN, the Webmaster for AuditNet, is the Internal Auditor for Fairfax County Public Schools, the 12th largest school district in the United States. He has a Master of Science in Accounting from The American University in Washington, D.C. He is a member of the Institute of Internal Auditors (IIA) the National Association of Local Government Auditors (NALGA) and the Association of Certified Fraud Examiners.
Tax

House and Senate Join Forces to Change New Small Business Tax Ruling

The small business committee chairmen from the U.S. Senate and House have joined forces to ask Treasury Secretary Lawrence Summers to rethink the recent release of Revenue Procedure 2000-22, which requires small businesses with average annual gross receipts of over $1,000,000 to use the accrual method of accounting.Previous law provided a threshold of $5,000,000 in annual gross receipts before the accrual method was required.

Finally! A Search Engine That Screams

Okay, maybe I'm impatient. On second thought. No, I'm like you are. I'm a busy professional who needs results now.I've finally found the ultimate search engine. It's Google.com. This search engine is fast. How fast? Well, it will tell you exactly how many seconds it took to compile your search. Sounds pretty good, eh?A tip to keep in mind when using any search engine is to use quotation marks if you are looking for an exact phrase.
Practice Management

Dot.coms Paving Way for New Type of Executive

Corporate America has always welcomed the experienced decision-maker who can take a new task, assess the situation quickly, find the problems and weaknesses, and make lemonade out of what appears to be a lemon.Today's climate of Internet and technology start-up companies is providing a ripe field for the savvy executive to harvest. New companies spring up every day, able to "open the doors" of business by simply creating a web presence.

New Study Finds Disturbing News re 401(k) Rollovers

A new study by the consulting firm of Hewitt Associates shows the disturbing trend that most Americans who are entitled to take money from a 401(k) plan with them when they leave a job are cashing out the plan rather than reinvesting the money in another retirement fund.Sixty-eight percent of workers aged 20 to 59 who received distributions from 401(k) plans last year chose to take the money and pay the tax consequences.
Technology

U.S. Bank Takes Internet Services to New Level

U.S. Bank has unveiled a new service for business customers. Called Image Check Web, the service provides the bank's business customers with the ability to view recently cleared checks via the Internet.Checks are available for viewing the day after they clear the bank.
Community News

KPMG Bets Big Bucks on ad Campaign

J. Walter Thompson is the fortunate recipient of the $90 million KPMG international advertising account.Competitors making the final cut included BBDO and Bates USA, but Thompson was chosen to handle the Big 5 firms' global branding and advertising of services. The first campaign will be ready for the fall.The new campaign will include the firm's four core services in assurance, tax, financial advisory and consulting.

AccountingWEB Weekly News Wrap-up - Issue 45

The AccountingWEB Friday Wrap-Up Newswire - Issue 45June 2, 2000Logon to http://www.accountingweb.com for more resources.Don't know your membership login details?

Pages


Already a member? log in here.