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Community News

Freed Maxick Merges with RSM McGladrey

Buffalo, New York based Freed Maxick Sachs & Murphy, P.C. have announced that some of it's divisions will combine with RSM McGladrey Inc.

Six FCG Members Honored by AICPA for Service

Six members of the Financial Consulting Group were honored earlier this month by the American Institute of CPAs at the Business Valuation Conference in Miami.Those chosen for the Hall of Fame and Volunteers of the Year were honored for their service to the profession. Hall of Fame inductees included James Hitchner, CPA/ABV, ASA of Phillips Hitchner Group, Inc.
Tax

GAO Recommends IRS Financial Overhaul

The following article is provided courtesy of CCH, Inc.In a lengthy report, "Internal Revenue Service: Recommendations to Improve Financial and Operational Management" (GAO-01-42) dated Nov. 17, the General Accounting Office (GAO) offered 80 recommendations--43 previously suggested and 37 new.
A&A

Who Wants to be a Consultant? CFOs Do!

Are finance professionals going the way of the rest of the market? Seems so, according to a new survey conducted by RHI Management Resources, which found that 75 percent of CFOs surveyed said consulting is an 'attractive career option.'The reasons were attributed to the variety of work involved, along with a professional challenge to the work itself.
Technology

Wisconsin Prepares for Pilot 'Net Tax Collection

Anyone who has bought goods or services over the Internet, or is participating in e-Commerce themselves, knows how loud the tax man is knocking on the door of cyberspace to begin collecting tax. However, coming up with a viable method that can be collected, both intrastate and interstate, has been difficult at best.Wisconsin is one of four states that have agreed to participate in a pilot project to electronically charge tax.
Community News

AccountingWEB Receives Innovation Award

AccountingWEB has been selected as the very first recipient of the "On The Edge Innovation Award" from the Leading Edge Alliance, a progressive association of independently owned public accounting firms in the USA.AccountingWEB CEO Michael Platt was in Las Vegas last week to pick up the award at the association's Annual Conference."We are truly honored to be the first recipient of this special award recognizing innovation in the accounting pro

SEC Issues Final Rules on Auditor Independence

The SEC voted unanimously to approve new guidelines for auditors. Four of the Big Five firms acquiesced in accepting the rules, KPMG being the hold out firm that still feels the rules are unnecessary.

Do You Want to Be a Cognitor?

Michael Rosedale, CEO of CPAdirectory.com met with John Hunnicutt, AICPA Senior Vice President - Public Affairs and others in a live Webcast Wednesday, Nov. 15, to discuss the controversial cognitor designation and related issues. "The only new 'global' designation should be the three letters 'CPA'," stated Rosedale.
Technology

On-Line Crossword Puzzles? Take a Break & Test Yourself!

Next time you're working through lunch, or need a break from the day-to-day grind, check out an on-line crossword puzzle. The Chicago Sun Times has new puzzles on-line weekly. To test your crossword knowledge go to Chicago Sun Times Crossword.

Excel Tip: Favorite Tips and Your Questions Answered

Gail Perry, contributing editor of AccountingWEB and author of the Friday Excel Tips that appear in your weekly newswire, presented a workshop Thursday in which she shared some of her favorite tips.
Technology

EBay Tackles Operating System Market

Online provider eBay already has captured the majority of the e-commerce business related to auctions, and now is going after a bigger piece of the pie.The company has come out with "eBay API," or Application Programming Interface. In layman's terms, APIs are hidden functions that make it easier for software developers to integrate their products with an operating system.
Community News

AICPA, Big 5 PAC Contributions Lean to Republicans

Accounting firms were overwhelmingly on the Republican side during this year's elections, according to government statistics on financial contributions.Seven accounting political action committees (PACs) contributed about $4 million to election campaigns this past fall, and 64 percent of that money went to Republican candidates. This is based on a report issued by the Washington-based Center for Responsive Politics, a non-partisan group.Ernst & Young's PAC was the biggest giver, contributing $850,886, with $545,396 going to Republicans.

Get Ready for Accenture Advertising Splash

Get ready for one of the largest advertising campaigns ever produced for Accenture, the new and improved Andersen Consulting.Executives plan to spend $175 million between January and March in a series of print ads in business-related newspapers, and on television with more than 6,000 commercials in eight countries.

Holiday Shoppers Tightening the Belt - Slightly

Deloitte & Touche partnered with the National Retail Federation to perform a study of potential shopping habits for the upcoming holiday season, which officially launches this Friday, the day after Thanksgiving.The study found that Year-2000 shoppers are likely to spend, on the average, $836 this season, compared to an average of $849 in the holiday season last year.The good news for retailers, however, is that more people are expected to be out there shopping this year compared to last year, and as a result sales are predicted to rise 4.5 percent over last year.Some interesting findi
Tax

Quick Tips for Year-End Tax Savings

It's not too late to make significant changes to your 2000 tax situation, changes that can affect the amount of tax you owe, or the amount of refund you receive, in April, 2001. Here are several pointers that can help you take control of your taxes before the year ends.Reschedule deductions.
Technology

Holiday Shopping Without the Crowds!

If you are looking for a way to avoid the crowds this holiday season, consider shopping online for your client, coworkers, or family. Whether you are looking for corporate gifts, electronic gadgets, clothing, the most sought after Top 100 books, candy, or wine, online shopping can make the holiday rush seem like someone else's problem.
Practice Management

Don't Miss This Trade Show Resource Site!

In today's competitive marketplace, you can't afford not to keep up on your client's needs and industries. By attending trade shows regularly, you can open the door to better practice development, marketing, and customer satisfaction, not to mention all the free giveaways and raffles.An Internet site called tsnn.com allows you to search around the US and the globe for trade shows by industry, date, or location. The site has information on lodging, flights and more. Check it out and see where your next marketing stop could be!
Tax

IRS Releases New Mileage Rates for 2001

The IRS has raised the standard mileage rates, effective January 1, 2001.The new rates are 34.5 cents per mile (increased from 32.5 cents per mile) for business mileage, and 12 cents per mile (increased from 10 cents per mile) for medical and moving mileage.The rate for mileage driven for charitable purposes will remain at 14 cents per mile.The reason for the large increase is due to the rise in gasoline prices. The information was published in IRS Revenue Procedure 2000-48.

AccountingWEB Weekly News Wrap-up - Issue 69

The AccountingWEB Friday Wrap-Up Newswire - Issue 69November 17, 2000Members Logon to http://www.accountingweb.com for full access to all our resources.Don't know your Logon Membership Details? Go to
Practice Management

Take Charge of Your Firm’s Destiny

Watch out for unnecessary mistakes. There’s an irony of the current economic engine. While there is more business, margins are also getting thinner. That’s why IBM took its PCs out of retail venues and is selling them online.Take a close look at your company. Are we sharp? Or, do we just think we are? When we sit around the conference table and talk about ourselves, we come away convinced that we are the best.Keep mining for new customers! Good times can mask future problems.

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