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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.
Technology

KPMG About to Unveil Internet Tax Portal

In an effort to help corporate clients assemble, analyze, and stockpile, tax information, KPMG has announced its intention to unveil Tax Portal, a service that initially will be aimed at Fortune 500 companies. The service will encompass both income and property tax.In addition to collecting tax data for clients, Tax Portal will provide services whereby companies can study scenarios for minimizing taxes.
Tax

Tax Tip: Toll-Free Telephone Service

Free tax help from the IRS is just a phone call away. The IRS provides various services through its toll-free telephone numbers. You can order forms, listen to prerecorded tax information, check on the status of your refund, ask questions about your tax return or inquire about a letter or notice you may have received.
Tax

Tax Tip: Tax on Child's Investment Income

Part or all of a child's investment income may be taxed at the parent's rate rather than the child's rate, according to the IRS. Because a parent's taxable income is usually higher than a child's income, the parent's top tax rate will often be higher as well. This special method of figuring the federal income tax only applies to children who are under the age of 14. For 2000, it applies if the child's total investment income for the year was more than $1,400.
Tax

Tax Talk Today: Filing Those Returns-200 Million Submissions

As the first wave of 200 million tax returns begin to stream into IRS centers, the February 27, 2001 broadcast of Tax Talk Today takes a timely look at the current filing season. The broadcast, from 2:00 - 3:00 p.m. EST, will engage tax professionals and IRS guests in wide-ranging discussion of tax preparation topics - service center processing, the new checkbox option, and tips and trends in electronic filing. There will be a special segment on how the IRS is thwarting tax evasion schemes.

Animal Farm Deal on Hold While SEC Looks at Books

Tyson Foods, the nation's largest poultry producer, is planning an acquisition of IBP Inc., the nation's largest beefpacker, as soon as the SEC lets go of IBP's financial statements.Although it might seem like a meat match made in food heaven, late last year the SEC began an investigation into some of IBP's accounting practices, including the recording of IBP's acquisition of DFG Foods, a Chicago hors d'oervre maker. The SEC is analyzing a possible $47 million charge that IBP may take relating to the sale.
Community News

PwC Sets July 1 Date for Separation

PricewaterhouseCoopers is to legally separate its audit and consultancy arms by July 1, London's Financial Times reports.The move is an effort to assure partners and staff that the split is to go ahead.

AccountingWEB Weekly News Wrap-Up - Issue 83

AccountingWEB Weekly News Wrap-Up - Issue 83February 23, 2001Visit Our Sponsor:Greatland Corporation Free Samples!Need last minute tax supplies? Greatland has more than 1,500 products available for express shipment!
Tax

IRS Initiates Steps to Protect Victims of Domestic Violence

The following article is provided courtesy of CCH, Inc.The IRS has announced that it has initiated a series of steps to protect victims of domestic violence who apply for innocent spouse relief. Taxpayers who are victims of domestic violence and fear that filing a claim for innocent spouse relief would result in retaliation should write the term "Potential Domestic Abuse Case" on the top of their Form 8857, Request for Innocent Spouse Relief.

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