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Tax

Life Expectancy Tables

IRS Life Expectancy Table I, Single Life ExpectancyIRS Life Expectancy Table II, Joint Life and Last Survivor Expectancy, Ages 35-44IRS Life Expectancy Table II, Joint Life and Last Survivor Expectancy, Ages 45-54IRS Life Expectancy Table II, Joint Life and Last Survivor Expecta
Tax

Applicable Federal Rates

Applicable Federal Rates, January 2001Current Revenue Ruling affecting Applicable Federal Rates (Rev. Rul. 2001-3, January 2001)Applicable Federal Rates, Prior YearsAFRs from 1990 through 2000
Tax

Earned Income Tax Tables, 1999 and 2000

2000 limits for Earned Income Credit: $10,380 for workers age 25 to 64 with no qualifying children$27,413 for workers of any age with one qualifying child$31,152 for workers with two or more qualifying children.2000 Earned Income Credit Table, $1 to $8,8002000 Earned Income Credit Table, $8,800 to $22,2502000 Ea
Tax

Tax Tip: New 1040 Checkbox Reduces IRS Notices

A new checkbox feature on this year's tax forms will give taxpayers the option of allowing their paid preparers to directly answer tax processing questions.
Technology

Automatically Delete Unwanted E-Mail Using Outlook

Do you remember the ILOVEYOU Virus? By using the Outlook Rules Wizard you could have deleted any and all of those unwanted messages.
Community News

McGladrey Joins Forces with Morgan Keegan

RSM McGladrey, Inc., a national accounting, tax and consulting firm, and Morgan Keegan & Company, Inc., a leading investment firm, have announced a strategic alliance to serve the business advice and financial services needs of community banks."We serve approximately 1,000 community banks nationwide," said Jim Koltveit, executive vice president of RSM McGladrey's Financial Institutions Group.
Tax

Treasury Targets Tax Shelters

The Treasury plans on strengthening the ethics rules for both lawyers and accountants after calling tax shelters one of the nation's worst tax abuses. These proposed regulations would reinforce the existing standards, known as Circular 230, regarding factual due diligence and legal analysis.

New Designation Recognized for Information System Audit Specialty

The 75,000-member Canadian Institute of Chartered Accountants (CICA) has announced that it has brokered an exclusive arrangement with the 21,000-member Information Systems Audit and Control Association (ISACA) to offer Chartered Accountants an accredited specialist designation as Certified Information Systems Auditors.The new designation, CA·CISA, will allow CA's who have registered with their provincial institutes to be recognized as specialists in this very specialized field.
Community News

PricewaterhouseCoopers to Cut 400 Consultants

PricewaterhouseCoopers is cutting 400 consultants working in the firm's US management consulting services division. A PwC spokesperson said that people have been notified throughout the month as the firm tries to match the skills of its workers with the needs of its clients."We don't see this as a cost-cutting measure," she said. PwC is aggressively recruiting consultants, she added, but with a focus on those with skills in customer relationship management and the e-marketplace. The firm is trying to recruit up to 3,000 e-business consultants over the next few months.
Practice Management

EY Offers FAS 133 Simplification Solution

Are you familiar with FAS 133?
Education & Careers

Student Interest in Accounting Dropped Over Last Decade

Here are some alarming statistics regarding students' interest in accounting.The number of students interested in accounting has dropped over the last decade. In 2000, only two percent of college students pursued an accounting degree, down from four percent in 1990.
Education & Careers

Women Accountants Continue Advancement to Management Ranks

Women made up nearly 60 percent of the accountant and auditor workforce in 1999 according to the Department of Labor. The AICPA did its own research and found that women now earn more than half of all undergraduate degrees in accounting. A survey conducted by RHI Management Resources, found that 43 percent of CFOs polled said the number of management-level positions held by female accountants in their firms has increased over the past five years.
AccountingWEB Life

Managing Your Work Time for Maximum Effectiveness

The accounting business can place overwhelming demands on your time, especially during the busy tax season. And if you're self-employed, the workloads can be even harder to manage: there's no boss looking over your shoulder to motivate you, no office associates or assistants to take on overflow tasks.
Tax

Tax Tip: Education Credits Can Help At Tax Time

Are you footing the costs of higher education for yourself or your family? Education tax credits can help offset those costs. The Hope Credit and the Lifetime Learning Credit are education credits which you can subtract in full from your federal income tax, not just deduct from your taxable income. The Hope Credit applies only for the first two years of post-secondary education - such as college or vocational school - and it can be worth up to $1,500 per student, per year. It does not apply to graduate and professional-level programs.

Friday Humor - Accenture Parody Appears on Internet

Some people clearly have too much time on their hands...Spoof-meisters have masterminded a parody of the Andersen Consulting rebranding exercise and formed Indenture, the new name for Bigtime Consulting. Visitors to the Indenture website can see comic attempts at humor in the form of cartoons, fan mail, merchandise, plus a message from Indenture CEO Joe Backhand. "Since January 1 2001, Bigtime Consulting has been known as Indenture. All references on our new site to Bigtime Consulting refer to Indenture.
Education & Careers

Accenture Offers Key Points for Success in E-Management

Do you envision yourself at the helm of an Internet-based company?

Break the Rules of Good Organization to Get Ahead

The new year brings with it resolutions to organize your office by creating endless files, cleaning off your desk and even cleaning your computer screen.However, if you're like most business professionals, some or all of these tasks already have gone by the wayside.The rules have changed for organization, and the way to get ahead is not by cleaning up your desk, but by organizing projects according to deadlines.
Tax

Tax Tip: Taxability Of Social Security Benefits

Whether your Social Security benefits are taxable depends on your total income and marital status. Form SSA-1099, which Social Security recipients receive by January 31, shows your total benefits, but determining your taxable benefits requires putting pencil to paper. Generally, if Social Security benefits were your only income, your benefits are not taxable and you probably do not need to file a federal income tax return.
Practice Management

Illinois Business Owners Favor CPA/Lawyer Partnerships

Based on a new survey conducted by the Illinois CPA Society, 75 percent of more than 2,000 business executives have no objection to CPAs and lawyers working together as partners.Moreover, 85 percent said that they would not sever their relationship with a CPA who partnered with someone they did not know.

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