News

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?

IMA Names new Executive Director

The Institute of Management Accountants (IMA) have just named the new executive director to head the 70,000-member organization.Assuming the position is David T. Schweitz, a veteran in the financial services industry who has 25 years' experience in the profession. He most recently served as president and CEO of Mid Atlantic Farm Credit.Schweitz said one of his primary initial goals will be 'to get IMA's members excited about being members. To do that, we'll develop and deliver even more of the value-added services our members want.'

Bizarre and Entertaining Web Sites

If you're at a loose-end and are wondering how to pass the time, AccountingWEB has spared no expense in bringing you the best entertainment to your screen. Unless of course, you know better.Thanks to our friends at AccountingWEB's sister site in the UK (it must have been a slow news week for them!) we are pleased to offer this quick list of bizarre and entertaining Web sites. Enjoy!JIB JAB presents the funniest cartoons on EarthA lively site with sound and movement displaying cartoons of a very odd nature.

Europe to Impose International Accounting Standards by 2005

Europe-watchers say the European Commission is poised to require listed European companies to use international accounting standards (IAS) by 2005.According to sources, Commission officials have been consulting with national governments and accountancy bodies for some time over amendments to the fourth and seventh accounting directives. The Commission has encouraged national governments to allow the use of IAS within their jurisdictions; France, Germany and Austria already do so.
Technology

Would You Turn Down $7M for a Domain Name?

The crazy world of domain name registration took an even crazier twist with the revelation that a $7 million bid for a domain name was rejected by a UK-based businessman.Peter Littke, MD of Java software developer Naxt Ltd, turned down the offer for e-buy.com from US-based firm Ebuy Inc - despite the fact that he is looking for funding for an e-commerce venture using the name."Of course I was tempted by the offer because it's enough money to live on for rest o

Deltek Expands Consulting Services, Offering Practice Management Solutions for Professional Services Organizations

McLean, Virginia - June 1, 2000 - NASDAQ:DLTK. Deltek today announced the expansion of its consulting services into specialized practice areas, delivering the practice management solutions professional services firms need to enhance financial, operational, project and employee performance.

Increase Your Newsletter Exposure

Wouldn't it be nice to double, maybe even triple your newsletter audience without increasing your production costs one penny?You can. And this little tip may just help you reduce your current costs if you've been sending several copies to people in the same company. Unless your newsletter features time sensitive information, this is a great way to get your newsletter passed around.How? You ask. It's easy. Simply incorporate a routing box on your newsletter.
Technology

E-Trade & EY: Match Made in Financial Heaven?

It has just been announced that Internet securities broker E-Trade and Ernst & Young will partner to form a new venture handling financial advisory services.Each company will put up $25 million for the new company, which has not yet been named.
Technology

Battle of the Handhelds: Palm Fends off Microsoft

The battle of the handheld PDA (Personal Digital Assistants) is heating up once more.

Former ASAP Software CEO ‘Clicks’ Payroll into the Future: Scott Wald Returns to Launch Online Payroll Company

HIGHLAND PARK, IL — June 1, 2000 — From the man who Fortune Magazine named one of the “40 smartest entrepreneurs in America under the age of 40,” Scott Wald launches his next venture, SurePayroll.com – a radically new, Web-based payroll system. For the first time ever, SurePayroll.com’s system electronically distributes paychecks, notifies employees that they’ve been paid and allows them to view their paystubs on-line.

SEC Taps CPA to Oversee Fraud Cases

Charles Niemeier, a CPA with the Washington, D.C. law firm of Williams & Connolly, is now on board with the SEC as Chief Accountant of the Division of Enforcement to help investigate accounting fraud. In this capacity, he will advise the enforcement division on accounting related issues.Niemeier also will head a new SEC group called the 'Financial Fraud Task Force,' which will consist of a team of accountants and lawyers focusing on accounting and financial reporting investigations.
Technology

Search Engine Savvy

You know the first step to getting your web site noticed is to ensure that search engines pick it up, right? But anyone who has tediously signed up their site directly with search engines (read one by one)knows that this is a process that could drive even the most patient person over the ledge!The good news is that there is a solution. The better news is it's inexpensive to register your site with multiple search engines at the same time! A new service provided by NetMechanic boils the grind down to a manageable task.

Retirement may be old hat - Get Back to Work!

Although the consensus is that most everyone looks forward to retirement, statistics and trends actually show that baby boomers nearing or at retirement may actually never fully retire.Why? Analysts say that most retirees who have led successful and productive lives want to continue down that path - and often do so by taking on a challenge they've always wanted to tackle.Many boomers now are planning and preparing at age 40 for that next giant step. A businessperson could become a travel writer, or an engineer could pursue sculpting.

Eva Rosenberg - a.k.a. The Tax Mama

Eva Rosenberg, MBA, EAemail: taxmama@taxmama.comwww.taxmama.comAffectionately known as TaxMama to her clients and her audience.Our TaxMama has decades of tax and business experience, across a surprising spectrum of industries. Combining formal training at national CPA firms and years in the trenches with her warm, homey style, she does her best to protect her brood from the ravages of the U.S.
Practice

What A/P Managers Need To Know About Digital Signatures

Reprinted with permission from Financial Management Network. What Every A/P Manager Needs to Know About Digital Signatures and Encryptionor Julius Caesar’s Impact on Accounts Payable Mary Ludwig SchaefferOne of the biggest fears your boss has about the Internet is the lack of security. The solution to the security problem lies in encryption and digital signatures. A/P professionals need to understand that these new technologies are coming to accounts payable — quickly.

Gaining Partner Support for Marketing Efforts - with Tina Kersen

Tina Kersenthe one80 groupSession Moderator: My name is Michael Platt and I want to welcome you to today’s workshop! We're very fortunate to have Tina Kersen with us today to discuss gaining partner support for marketing efforts.Tina is the former marketing director of a CPA firm. Her view of the accounting industry comes from both a marketing and human resource slant.
Practice

Maximizing Referral Systems in Practice

Ask any practitioner where the vast majority of new clients come from and they say “Word of Mouth” or “Referrals.”We all know that referrals cost you next to nothing to get and usually (if a good existing client has referred them) the new client is of relative good quality. The $64,000 question is “what systems do you have in place to make sure the referral happens?”Before we look at the systems let’s look at the importance of referrals to your practice. To quantify how you can grow your practice through referrals, consider your existing client base.

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