News

Sage Software Joins With Concentric Network

IRVINE, Calif., Jan 18, 2000 — SageÔ Software, Inc., the leading provider of PC-based accounting software solutions in the U.S., and Concentric Network Corp. (Nasdaq: CNCX), a leading provider of e-business solutions for growing companies, today announced an alliance to provide integrated Web hosting and Digital Subscriber Line (DSL) services for Sage’s MAS 90® internet.access, a business-to-business e-commerce module that allows the customers of MAS 90 user companies to perform account inquiries and order entry functions in a secure Web-based environment.

AccountingWEB Weekly News Wrap-up - Issue 28

The AccountingWEB Friday Wrap-Up Newswire - Issue 28February 4, 2000http://www.accountingweb.comIn the news this week:Is The PWC Consulting Division The Next Candidate For A Split?New Quality Control Systems For Upholding Independence Rules To Be Implemented In The Next Few WeeksAudit Committees Need To Rise To The ChallengeKPMG Consulting, LLC is Formed - Positioning For an IPO?

Busy Block Site Mirrors CPA Top Ten Technologies

CPAs have taken the initiative to identify this as an ongoing problem with e-Commerce. The AICPA has identified "high availability and resiliency of systems" as one of the Top Ten Technology Issues affecting the accounting profession for 2000.This issue made the news again this week when H&R Block had to close its Internet site temporarily because of the tremendous number of taxpayers who wanted to fle their return virtually.
Technology

CCH Offers Low-Cost Online Filing Solution

Well-known tax knowledge provider CCH has developed an online tax filing solution designed exclusively for the small business and consumer markets.
Tax

IRS Sees Red in Unreported Income

A question posed by a taxpayer in the San Francisco Chronicle posed an interesting situation, especially for small business entrepreneurs: what happens when 1099 income from independent contracting does not match reported income on a taxpayer's 1040?Two scenarios exist. First, taxpayers may not be reporting income for payments received in December because they want to defer the income to the new year.

To Retain, You Must Train

In America today, employees are a hot commodity. To retain these professionals, training may be the cornerstone of an effective strategy. Employees who are trained and groomed for success within a company, tend to stick around it seems.Training in the workplace is much different today than it was. It’s no longer about giving employees skills they can use around the office, it’s about helping employees grow professionally. Training involves everything from job-related skills training to cutting-edge management training.

Client Advisory Board Follow Up Materials

Below you’ll find information provided as a follow up to the Client Advisory Board chat session held February 1st. For more information on conducting CABs with your clients, please call Results Accountants’ Systems at 1-800-800-5601 or visit our website at www.ras-net.com.Client Advisory BoardsImagine one of your clients sitting down at a luncheon with several other business owners. The subject of accounting services comes up.
Community News

Formation of KPMG Consulting Positions Firm To Go Public

In a move generally interpreted as a first step towards taking its company public, KPMG announced on Monday the formation of KPMG Consulting, a separate corporate entity, which will handle the business consulting side of the business.KPMG Consulting will be 80.1 percent owned by KPMG and its partners, and 19.9% owned by Cisco Systems, who last August announced an investm
Tax

Tax News Covers Charitable Deductions

The latest tax news from MSNBC covers a variety of topics including news that taxpayers who do not itemize may be able to deduct charitable contributions.Approximately 70 percent of taxpayers do not itemize and do not write off any deductions currently. A legislative plan backed by President Clinton would allow deductions, and since this is an election year, it may be interesting to note that George W.
Community News

EY Cuts 5% of Accounting Jobs

There are more shake-ups to report among the Big 5 firms as each of the firms struggles to get a foothold in the e-commerce business.Ernst & Young has layed off 400 people who held traditional accounting jobs because of a shift in mindset at the firm from the tried and true accounting business to E-commerce, E-business and the like.
Technology

Six Hot Intranet Tips

Intranets are hot. Companies are realizing that they are great for posting phone lists, sharing files, and getting employees connected. If you want to go live on the Web, which is hassle-free, try Intranets.com or HotOffice.Now, let’s get onto tips that will help you get a handle on simple Web-based intranets! Remember big bandwidth. With externally-hosted intranets, your biggest problem is going to be sluggish speed of the Internet over traditional analog modem dial-up accounts.
Community News

New Chair Named to BDO Seidman

Second-tier accounting firm BDO Seidman has named Denis Field CEO and chairman of the board. Replacing Richard Roedel, Field has serves as the leader for the firm's national tax practice for the last four years.Field also is the youngest partner ever to be elected to head the firm. At 41 years old, has has worked since 1983 for the firm in a variety of positions.
Community News

PWC Denies IBM Partnership Rumor

A rumor has surfaced that IBM will buy or form an alliance with the consulting arm of Big 5 giant PricewaterhouseCoopers, but according to PWC officials, the rumor is false.The rumor began late last week when the New York Post reported that PWC was thinking about separating the accounting and consulting functions--and even considering possibly selling the consulting division.An internal restructuring task force is, however, studying how to align the company for the future, especially in light of the bad press the

TexSYS RD Acquires Boston-based Klear Solutions, Inc.

DALLAS, January 31st, 2000 –TexSYS RD, one of the nation’s leading software integration companies, has acquired Boston-based Klear Solutions, Inc. Terms of the acquisition were not disclosed. TexSYS RD Corporation’s acquisition of Klear Solutions is the latest move in its strategy to geographically expand its presence in the middle market solutions space.Klear Solutions is New England’s largest distributor of the Sage Product Line. Founded in 1988, Klear Solutions supports Sage Acuity, MAS 90, SalesLogix and Goldmine software products.

American Express CEO Says FASB Is Wrong

Harvey Golub, chairman and chief executive of American Express, opposes plans to end poolings-of-interests in mergers. If the top U.S. accounting bodies have their way, however, the proposed ban will become effective within a year.
Community News

AICPA Requires Mandatory Quality Control Systems

Today, the American Institute of Certified Public Accountants (AICPA) announced that it is establishing requirements for mandatory quality control systems for the five largest auditing firms to enhance compliance with existing independence rules.
Practice Management

Focus Your Firm With Client Advisory Boards

Ryan Travis, a a professional development consultant with Results Accountants Systems, led an online workshop today focusing on the benefits of a client advisory board in helping to steer your organization to success.A Client Advisory Board, or CAB, is a focus group of sorts, made up of 6-12 of your "A" list clients, whom you invite for 2-3 hours to a session, facilitated by someone outside your firm, in which they are asked to comment
A&A

FEI Finds Audit Should Focus on Business Risks

A new survey by the Financial Executives Institute (FEI) calls for audit committees of company boards to focus on key business risks by challenging management's assumptions even more than they do today, and ensuring the tough questions are asked -- and answered.On a scale of 1-5, with five being "very effective", survey respondents reported the effectiveness of audit committees at a somewhat unfavorable 2.1 rating.

Syspro Makes the Grade

Syspro Software has announced that The Accounting Library has certified the company's IMPACT Encore, v. 4.0/5.0. In plain speak, this means that the acocunting package has received the nod from an organization that measures software programs for the accounting profession against a standard set of deliverables.Syspro is based in Irvine, CA, and has has software in modular formats or full-package programs.

Utilizing Client Advisory Boards - with Ryan Travis

Ryan TravisResults Accountants Systems1-800-800-5601In addition to these transcripts, be sure to see the supplementary materials and frequently asked questions about CAB's contributed by Results Accountants Systems.Scott Cytron: Hello, my name is Scott Cytron and I will be your workshop facilitator today.The AW Workshop Ser

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