News

Min Wage Increase May Have Mixed Financial Impact

One of the issues Congress expects to wrestle with in its lame duck session this week is the possibility of a minimum wage increase. Even though an increase in the minimum wage by $1 to $6.15/hour would help entry-level employees, the increase--occurring over a two-year period--may have limited impact on wages paid by most companies.A tight labor market coupled with the higher wages already being received by most employees should result in little change to the bottom line for employers.

Newest POB Member has SEC Experience

The Public Oversight Board (POB) of the American Institute of CPAs' SEC Practice Section has elected Aulana L. Peters.Her appointment, effective Jan. 1, replaces Melvin R. Laird, who will retire this year. A partner with Gibson, Dunn & Crutcher LLP in Los Angeles, Peters brings with her extensive experience in many areas, especially SEC matters.

Big Five Win Concessions on Eve of SEC Vote

The Securities and Exchange Commission (SEC) has indicated it will back off from its demand that major US accounting firms sell off their consultancy arms, according to a report in the

HP Drops Bid for PwC Consulting

In a surprise announcement, technology giant Hewlett-Packard stated it has withdrawn its bid to purchase the consultancy arm of PricewaterhouseCoopers.HP had previously indicated its desire to purchase the consultancy company for $18 billion in cash and stock. The acquisition would have provided HP with a highly trained force of nearly 31,500 technology and business consultants.
Technology

Ebank Exits 'Net; Returns to Brick & Mortar Roots

What seemed like a great idea just didn't work. ebank, an Internet-only bank that has operated online since June 1999, has significantly reduced its dependence in cyberspace in favor of the traditional, community bank scenario.As an online venture, ebank has lost more than $6 million. Initially operating as Commerce Bank in Atlanta, management flocked to the Internet in much the same fashion as online rivals Wingspan and NetBank.
Technology

Bill Gates Spreads Optimistic PC View at COMDEX

The notion that we can continue operating by only conducting business over the Internet is "thin-brained," according to Bill Gates, who provided the huge crowd at this year's COMDEX show in Las Vegas with his thoughts about the future of the personal computer.Gates, the new Chief Software Architect for his company, believes that large screen desktop stand-alone computers will stick around as long as people continue using computers to perform tasks such as tax return preparation, spreadsheet analysis, forecasts, homework, laying out the family photo album, and more.
Practice Management

Accountants Use Industry Profiles Effectively

AccountingWEB is pleased to announce a partnership with First Research, Inc. to provide our members with the opportunity to purchase individual industry profiles in over 80 industries.If you are committed to understanding your clients' and prospects' businesses and separating your firm from its competition, then these Industry Profiles can help you achieve your mission. What are Industry Profiles?First Research, Inc. publishes targeted Industry Profiles on over 80 industries, written from a business development and marketing perspective.

Excel Tip: Printing Dot Leaders Before Numbers

Occasionally you may want to produce a column of text and a column of numbers with dots separating the text and the numbers. Here are two methods for producing dot leaders in Excel - one of them may work for you.Method One: This method produces dots that go from the left edge of the cell to one space before the number. The dots are in the same cell as the number.

Spotlight on August Aquila

AccountingWeb ProfileAugust Aquila, Ph.D.Vice President Mergers & AcquisitionsAmerican Express Tax and Business Services, Inc.A Deep Knowledge of the Accounting Profession Leads to Continuous SuccessOn any given day, you can find August Aquila deeply embedded in any number of pursuits: advisor, author, managing editor, teacher, marketing consultant … you name it, and he’s probably doing it—or probably has done it some time during his 28-year career span.Mr.

AccountingWEB Weekly News Wrap-up - Issue 68

The AccountingWEB Friday Wrap-Up Newswire - Issue 68November 10, 2000Members Logon to http://www.accountingweb.com for full access to all our resources.Don't know your Logon Membership Details?Go to ht
Technology

Gateway Invents Plug 'n' Play Web Appliances

Gateway has partnered with America Online to produce a device called the Connected Touch Pad, a tabletop appliance that can surf the Internet using AOL. At a price of $599, the system comes with a 10-inch touch screen to enable users to access email and surf the Web. The typical AOL monthly fee is extra.Another new jointly-produced device is called the Connected Music Player, and is designed to play audio files stored on a PC into a stereo system or MP3 player.
Technology

Hot Topic of Digitial Signatures Addressed by IBM

For the last several years, digital signatures and the encryption of data for sending private files over the Internet, have been hot topics for the CPA community.
Technology

Shakeup at Speech Recognition Software Leader

Soon, the name of one of the most popular speech recognition software providers may be changed due to the resignation of the company's namesakes.An SEC investigation into financial statement irregularities related to licensing issues in Europe have forced Jo Lernout and Pol Hauspie, co-chairs of Lernout & Hauspie, to resign their positions. They will be replaced by Roel Pieper, formerly the head of Tandem Computers Inc.

KPMG to Delay Consultancy IPO

The initial public offering of KPMG's consultancy business, which was covered extensively in the press earlier this year, has been delayed until probably early 2001 according to sources close to the firm.The primary reason for the current delay is the current volatility of the markets, a situation unlikely to end until sometime next year. Previously this year, the firm had held off on floating the stock due to the uncertainly concerning negotiations with the SEC regarding the role consultancy is to play in the future of the accounting profession.

Technology Planning in the New Millennium, with Geoff Wold and Jeffrey Locketz

Presented by Geoff Wold and Jeffrey Locketz, LBL Technology Partners, a division of Lurie Besikof Lapidus & Company, LLP

Future of Bluetooth is Sketchy

Many CPAs and accounting professionals have heard about the advantages of Bluetooth technology and the advances this wireless protocol will make within offices and firms.

IMA Controllers' Conference Focuses on Value Proposition

The Institute of Management Accountants' (IMA) Controllers' Conference, "Leading Value Creation from the Finance Function," will be held Feb. 11-13 at the Renaissance Hotel Orlando-Airport.This interactive conference is designed to increase the understanding of the value proposition, or the perception that drives customers to grant their business to a selected firm.
Technology

Impact of the Vote on News Sites

In the midst of waiting to see who wins the presidential election, the most popular news sites on the Web reported a very busy day on Tuesday, as well as an expected significant increase in Web site hits since the last election in 1996.For example, MSNBC reported its largest day in history. The day peaked around 12-1 p.m.
Practice Management

Technology Planning in the New Millennium

Technology Planning in the New MillenniumAccountingWEB WorkshopThursday, November 9, 2000, 4:00-5:00 Eastern timeJoin Geoff Wold and Jeff Locketz, partners in LBL Technology Partners, a division of Lurie Besikof Lapidus & Company, LLP, in their live workshop presentation, "Technology Planning in the New Millennium."Taking the position that technology is always going to be changing, Mssrs.

Joint Ventures Make Big Bucks for Fast-Growing Companies

Joint ventures are paying off for America’s fastest growing companies, and making a huge contribution to the economy.American companies expect to contribute 10.6% of their business assets to joint ventures this year, yet generate 12% of their revenue growth in return – and these figures are set to double over the next two to three years. But JVs are about more than pure growth. Because they enable participants to share risks and leverage complementary resources, they are highly prized for the efficiencies they produce, and their effectiveness in increasing profit margins.

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