News

Retiree Discounts on Auto Insurance a Thing of the Past

Certain benefits come to those who reach retirement age; unfortunately, discounts on auto insurance may no longer be one of those perks.According to the AAA Foundation for Auto Safety, more and more at-fault accidents for those in their late sixties are tipping the scales and causing across-the-board insurance premiums to increase.

Do you Seek CPE on Personal or Company Time?

When do you find time to take your required continuing professional education (CPE) - on personal or company time?If you're not in a large firm or business that offers in-house training, obtaining the proper training can be somewhat difficult in today's rush-rush environment.However, according to Kelly Services, women who work in finance and accounting are more likely than their male counterparts to seek CPE on their own time versus company time.Thirty-six percent of males use personal time for training, compared to 40 percent of women, while
Tax

Index of Tax Tips

Welcome to AccountingWEB's Tax Tips area. Each day between now and April 15 we will be adding a tax preparer tip, courtesy of the IRS.
Community News

Happy Birthday, Accenture!

Renamed. Redefined. Reborn. 01/01/01.It's official! Effective 1/1/01 Andersen Consulting is now just a memory and Accenture is alive and well.

AccountingWEB: The Year in Review - Issue 75

The AccountingWEB Friday Wrap-Up Newswire - Issue 75The Year in ReviewDecember 29, 2000This Year in Review is part of a free weekly e-mail newswire series that AccountingWEB members receive each Friday. If you are not receiving this newswire, you're missing out on news, tips, ideas, and resources to help make you more successful.

Excel Tip: Have Excel Save Your Files Automatically!

Have you ever wanted to automatically save your spreadsheets so you don't lose your work? With Excel 2000 this feature is included and will save all workbooks automatically at specified intervals, but it's not installed by default.
Technology

K-12 Education Now Available on the Internet

WASHINGTON, DC (December 28, 2000) - Citing intensifying public concern for access to high-quality primary and secondary education and the burgeoning alternative education market, William J. Bennett and Knowledge Universe Learning Group (KULG) today announced the formation of the first Internet-based school for kindergarten through twelfth grade. K12 will offer a full curriculum as well as supplementary learning and assessment tools over the Internet. K12's first education products will be offered, and enrollment will commence, in the fall of 2001.

New Jobs on the Horizon for Accounting Professionals

Results of a national poll of 1,400 CFOs from companies with 20 or more employees, show that 12 percent of CFOs anticipate hiring accounting and financial professionals in the first quarter of 2001.The poll, conducted by Robert Half International, revealed that the strongest hiring activity is expected in the Mountain states where 19 percent of CFOs plan to add accounting and finance personnel.
Practice

Top Reporting Challenges Facing Public Companies

NEWS RELEASE: Financial Executives International (FEI), a professional association of 15,000 CFOs, controllers and treasurers, has identified the ten most critical financial reporting challenges facing public companies for the year 2001:Audit Committee Governance -- Fulfill new "independence," financial "expert" and financial "literacy" requirements for audit committees.
Tax

Final Regulations for Research Credit

The following article is provided courtesy of CCH, Inc.Newly finalized Treasury regulations relate to the computation of the Code Sec. 41 credit for increasing research activities and to the definition of "qualified research" for purposes of the credit.
A&A

The Best Cities to Start and Grow a Business. Top 100 List!

There is such a thing as fertile ground for start-ups. Some locations have just the right factors needed for the success of a particular business -- lots of available capital, a skilled labor pool, the enriching atmosphere created by universities, advanced transportation facilities, and good roads, not to mention the psychic rewards of great weather, and in one instance you'll read about here, proximity to the beach. Inc.
Tax

Record Capital Gains Payouts! Experts Predict!

If the Nasdaq's 40 percent drop didn't hurt enough, wait until you see your tax bill. Experts say that investors could be hit twice as hard this year due to a bad stock market and a larger tax bite. They are predicting that mutual funds will pay out a record amount of capital gains this year. Investors are learning this week what their distributions are, and indications are that the distributions could top last year's record of more than $200 billion. With federal capital gains taxes running 20 percent or more, bigger gains mean a windfall for the federal treasury.

AccountingWEB Teams up With PASSOnline to Deliver Online Training

AccountingWEB is proud to be a sponsor of PASSOnline, an interactive, computer based training resource for CPAs. PASS has been selling quality CPE for CPAs and other financial professionals since 1990.
A&A

Human Resources IT Roadmap

Small-business owners and human resources managers who are shopping for information technology usually don't have the luxury of corporate-size budgets. But they still need software and systems powerful enough to handle today's complex HR demands and able to grow with their company's needs.For a growing number of businesses with one to 100 employees, the answer lies with application service providers (ASPs) and their Web-hosted business tools.

Morningstar Provides Year-End Wrap-Up for Investors

If you're looking for an in-depth overview of the stock market's performance for 2000, or if you're wondering what trends may come into play with your investments for 2001, look no further than Morningstar's comprehensive Year 2000 in Review. Find out which stocks, industries, ADRS, Large Caps, and mutual funds performed best during 2000, and which were the year's worst.

OSHA - Is Your Firm Ergonomically Ready?

OSHA's new rules, which go into effect January 16, 2001, cover all U.S. workers not employed in the agriculture, construction, railroad or maritime industries — in other words, 102 million workers in virtually every other line of business, big or small. Full enforcement of these regulations, following a nine-month grace period, begins October 15, 2001. The estimated total cost to businesses has ranged from OSHA's projection of $4.5 billion a year to industry figures of $125 billion a year.

SEC Powers May Be Reviewed

Legislators in Washington are considering an examination of the regulatory powers held by the SEC, with an eye toward modernizing some of the commission's more antiquated rules and cutting back the far-reaching powers of the SEC.Led by Phil Gramm (R-TX), head of the Senate Banking Committee, members of Congress may take aim at the fact that present day securities laws are not adequate with respect to emerging technologies.

Projected Budget Surplus Bolsters Bush Tax Cut Plan

The following article is provided courtesy of CCH, Inc.A sizably higher, long-term federal budget surplus projection would not change President-elect Bush's position on the need for his $1.3 trillion tax relief plan, transition spokesman Ari Fleischer emphasized. At a Dec. 22 press briefing, Fleischer was asked about a Dec.
Tax

Tax Garnishment Cause of Shooting Spree

In apparent response to the discovery that the IRS had ordered his company to garnish his wages for back taxes, a Massachusetts software tester came to work bearing a semiautomatic assault rifle, a 12-gauge shotgun, and a pistol, and killed seven members of the company accounting department.Michael McDermott, 42, had recently learned of the garnishment, which would have extracted "a couple thousand dollars" from his wages for back taxes and related penalties and interest. His employer at Edgewater Technology, Inc.

Shopping Procrastinators Hit Online Jackpot

If you still have some holiday shopping to complete, you're in luck. Retailers nationwide are trying to unload unsold holiday merchandise in an effort to make way for the spring and summer inventories that will soon hit the shelves.Now may be the right time to head for the shopping malls and take advantage of year-end sales.

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