News

Community News

Andersen Drives Into Lucrative Financial Market With GM

Arthur Andersen has entered into an agreement with General Motors to acquire the car manufacturer's transaction processing assets worth $250 billion.In a separate agreement, Andersen also will provide General Motors with various transaction processing services for a new service center environment.

Congress Passes Tax Extensions

CONTACT:MARY DALE WALTERS 847-267-2038 mediahelp@cch.com NEIL ALLEN847-267-2179allenn@cch.comTax Legislation Update from CCHTAX BREAKS SAVED AS CONGRESS EXTENDS PROVISIONSAMT Won’t Reduce Impact of Popular Credits(RIVERWOODS, ILL., November 22, 1999) – Congress failed to take a major step forward on taxes this session, but as the year draws to a close, it has managed to avoid taking several steps back, according to CCH INCORPORATED (CCH), a leading provider of tax and business law information and software.
A&A

Helping Clients Make Money With Uncle Sam

Last year the federal government spent $260 billion on outsourced services. Accounting and consulting firms have plenty of opportunities to get a piece of the pie.

Speed Skiing

I recently met an Olympic skier. He set the Canadian record for skiing in 1992. His feat was speeding down a mountain at 135 M.P.H. He went from amateur skier to Olympic skier in 5 years. If I make it sound easy, it wasn’t. His was the story of an ordinary skier who became an extraordinary one. The story of his training to replicate competitive skiing conditions and improve performance was incredible, amusing and harrowing.
A&A

Cash Balance Plans Offer Lump Sums

The announcement earlier this year by IBM rocked the planned benefits world when Big Blue changed their benefits fom a pension plan to a cash-balance plan.Employees working at IBM shouldn't feel they are alone. In fact, more than 325 companies with names like AT&T and Xerox, also have converted to cash-balance plans.Most everyone understands that the traditional pension plan thrives through employee and employer donations for the long-term.
Community News

H&R Block Participates in Fast IRS Refund Program

Kansas City-based H&R Block has joined one of several tax services participating in a new IRS pilot program offering faster refunds in exchange for more heavily scrutinizing taxpayer claims.It's a win-win situation for both parties.

AccountingWEB Weekly News Wrap-up - Issue 18

The AccountingWEB Friday Wrap-Up Newswire - Issue 18 November 19, 1999 http://www.accountingweb.comIn the headlines this week:1. Venture Capital Funding Hits The Accounting Sector 2. Turning Gender Differences Into Business Opportunities 3. Arthur Andersen To Attempt Profit-Sharing Mechanism4. Emotional Intelligence In the Workplace5. Free Tax Return Preparation Hits The Marketplace 6. Taking Time To Teach Training Tips7.
Practice Management

360 Degree Feedback – Ever Heard Of It?

What in the world is 360 degree feedback? Well, it’s one of the tools that performance management consultants use to help organizations improve. This “tool” works by providing full-circle feedback.

What The Big Boys Make

You know that old saying, “He who has the most toys wins”? Well, when it comes to IT executive worth, it may not be the one who can buy the most toys, but the one who holds enough stock options to buy the most that wins.One of the people making Inter@ctive Online's list of executives is Jeffrey Bezos. As chairman, president and CEO of Amazon.com, Bezos .reports a modest $81,840 salary.
Technology

Internet Tip: Discover Online Maps If You Haven't Already

A great way to stay organized and on-time for appointments is to know where you are going before you leave your home or office. If you haven't already come across them, one of the neatest tools available on the Internet is the proliferation of detailed road maps and driving directions from point A to point B. If you're going to a new client or meeting a prospect, type in their address on any of the map web sites such as Lycos' Road Maps and take the printed map and directions with you in the car. You'll never be lost again.

Women Entrepreneurs Programmed Differently Than Men

Face it: men don't like to ask for directions.
A&A

Intuit Brings One-Stop Portal for Personal Finances

Popular financial software vendor Intuit is making banking online a real no-brainer.
Practice

The Ultimate Price War - Free Tax Return Preparation

The audit department has been dealing with it for years: deep discounts in the price of an audit in exchange for higher fees on the consulting side. Now the commoditization of tax return preparation -- already hammered by do-it-yourself software -- has reached the ultimate in price wars. Financial management company H D Vest announced that it will provide it's customers with free tax return preparation beginning this next season. The hook? More clients, more assets under management, more profits for HD Vest.Through the H.D.
Community News

Venture Capital Funding Hits The Accounting Market

A PricewaterhouseCoopers survey reports this week that $21 billion in venture capital funding was invested in US companies in the first nine months of this year. Here's the story of one accounting/bookkeeping company that snagged $12 million of it this week.Virtual Growth, Incorporated is a pioneer in providing outsourced bookkeeping and accounting services to fast growing small and medium sized businesses.
Community News

Deloitte Jumps on the Internet Bandwagon

Feeling the pressure of rival Big 5 firms who announced in recent weeks a move to more Web-based consulting services through new alliances and partnerships, Deloitte & Touche also have announced a migration to the Internet.Deloitte will parter with US Interactive to provide high-tech services like Web design, Internet strategy and implementation services alongside the firm's already-established consulting practice.Source say Deloitte and US Interactive are working on their first project that will be announced in early 2000.
Community News

Making Partner at Andersen Will be Easier

In a concerted effort to retain talented staff, Andersen Consulting has announced that beginning next September, becoming a parter will become easier than under the current scenario.For example, managers will be voted directly into the partnership, and an associate partner title will be available to employees who do not want to become a partner and take on the duties associated with the partner level.Also being changed, according to company sources, is the compensation system to personnel who normally would not qualify for extended benefits and profit-shar
Practice Management

Wow!

As the internal marketing director at my firm (yes, this is a real title), I’m always searching for fresh, hot ideas that will motivate and inspire. I talk to many accounting firms across the country and our conversations usually drift to “how can we keep our best people?” or “how can we have fun at our firm?”Enter Tom Peters. No matter what you think of him personally, this guy has some really cool ideas. I picked up his pocket booklet, The Work Matters at a recent Fast Company meeting.

It's a Wireless World at COMDEX

Wireless, wireless and more wireless were the buzzwords at COMDEX, the popular high-tech show in Las Vegas over the past few days.Innovations in wireless are everywhere, according to industry watchdogs, and will enable previously wired components like stereos, TVs and other devices to be entirely self-sufficient thanks to increased bandwidth and inventions from some of the industry's top technology producers.Also of note are Web filtering services that use artificial intelligence technology to keep, for example, employees from surfing the Web for personal use.

Yipinet Signs Four State Societies to Online Learning Programs

The online learning marketplace just got more competitive with four state CPA societies agreeing to partner with Yipinet, an Internet accounting education provider.The four states include the Georgia Society of CPAs, New York State Society of CPAs, the Society of Louisiana CPAs and the New Mexico Society of CPAs.

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