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The Association for Accounting Marketing

The Association for Accounting Marketing (AAM) is the leading trade/educational organization for individuals working in the communications field for accounting firms. Since 1989, AAM has provided members with the information resources and market intelligence needed to excel and grow in their careers. Why?Why join AAM? Why attend the conferences?
Tax

Enrolled Agent Exam Results Available

The IRS has posted the results of the 2000 Enrolled Agent exam at their Web site. In addition to the exam results, you can learn about the 2001 exam (scheduled for October 17-18, 2001), including how to apply and how to study.A study kit will be available for downloading on June 1, 2001.
Tax

Tax Tip: Taxable or Nontaxable?

Generally, most income you receive is taxable. But there are some areas where certain types of income are partially taxed or not taxed at all.

SEC Orders KPMG to Cease and Desist

The Securities and Exchange Commission has issued a cease and desist order against KPMG, claiming the Big Five accounting firm had failed to apply rules of independence in its audit of Porta Systems, a Long Island company.At the time of the controversial audit, Porta Systems was being run by KPMG Baymark, a company affiliated with KPMG that specialized in corporate turnarounds. A portion of KPMG's fee was to be based on the profits of the company.
Tax

Tax Tip: Common Errors To Avoid

The IRS recommends reviewing your entire tax return to be sure it is accurate and complete. Even a simple mistake can cause problems with your tax return, which might lead to delays in processing your return and receiving your refund.Want to avoid frequent trouble spots? Check these areas, which can reduce problems: Use the peel-off label. You may line through and make necessary corrections right on the label. Be sure to fill in your social security number in the box provided on the return. It is not on the label.

SEC Ruling Helps Investors Make Decisions

New rules approved by the Securities and Exchange Commission will require mutual funds to report their after-tax performance to investors. Traditionally, mutual fund companies have only disclosed returns before taxes.The new guidelines require mutual funds to report both before- and after-tax performance, with after-tax performance stated at the maximum individual federal income rate of 39.6 percent, thus providing a worst case scenario.
Tax

Lawmakers in Shock as Clinton Pardons Tax Fugitive

Law enforcement officials are angry that former president Bill Clinton has pardoned Marc Rich, a tax fugitive for the past 17 years.Just before President Clinton left office, he pardoned 140 people, one of whom was Mr. Rich - a billionaire oil trader who fled to Switzerland in 1983 to escape being indicted on 65 counts of tax evasion, racketeering and other offences.Mr. Rich was also accused of trading with Iran at a time when Americans were being held hostage at the US embassy in Tehran.
Technology

QuickBooks Tips and Shortcuts, with Gail Perry

QuickBooks Tips and ShortcutsPresented by Gail Perry, CPAManaging Editor of AccountingWEB and author of "Using QuickBooks and QuickBooks Pro," and "The Complete Idiot's Guide to QuickBooks"Contact Gail at gperry@accountingweb.comJanuary 23, 2001Visit the AccountingWEB Workshop Calendar for upcoming sessions.Summary
Tax

It's Full Speed Ahead with Bush Tax Cut Plan

The following article is provided courtesy of CCH, Inc.Senate Finance Committee member Phil Gramm, R-Texas, and Sen.
Technology

XBRL Symposium is Planned at Bryant College

The eXtensible Business Reporting Language (XBRL) has been called the most revolutionary development in accounting since the spreadsheet and the ASCII file. On Wednesday, January 31, Bryant College will host a symposium from 8:30 a.m. to 4 p.m. for business leaders and academicians to learn more about this important technological development. XBRL is an XML-based specification that provides a standards-based method to exchange financial statements in a technologically friendly manner, particularly over the Internet.

SurePayroll.com closes $8 million Series B Funding

SKOKIE, IL – January 22, 2001 – SurePayroll.com, a provider of web-based payroll processing, announced it secured $8 million in Series B venture financing. Chicago-based Kettle Partners Limited Partnership II led the investment. Other participants in this round include BlueStar Ventures, L.P. and Mesirow Capital Partners VII, L.P.SurePayroll.com, founded in 1999, provides a simple, convenient, reliable and economical way for small businesses to process and distribute payroll and taxes in minutes via the Internet.
Community News

Ideas To Improve the Quality of Your Organization

Every organization out there today is striving to improve its day to day operations in the areas of employee performance and satisfaction and client satisfaction. Below are some guidelines to follow when trying the make the needed changes in your firm.Adjust Your AttitudeBe open to new ideas!Make time for quality improvement.Don’t manage by fear. Help people feel secure in their jobs.Don’t let the statement, "We’ve always done it this way," keep the firm from trying new approaches to problem-solving. Change the "Us vs.
Tax

Tax Tip: Appeal Rights

Are you in the middle of a disagreement with the IRS? One of the guaranteed rights for all taxpayers is the right to appeal. If you disagree with the IRS about the amount of your tax liability or about proposed collection actions, you have the right to ask the IRS Appeals Office to review your case.IRS Publication 1, "Your Rights as a Taxpayer," explains some of your most important taxpayer rights.
Technology

Melissa Virus on the Loose Again

Anti-virus software provider Sophos, has issued an alert that they have received several reports of the Melissa-X virus (alias W2001MAC/Melissa.W-mm, WM97/Melissa-X, Mid/Melissa-X, ANNIV, ANNIV.DOC) in the wild. This is a variant of the MS Word macro virus that hit the headlines a year or so ago.Melissa-X is an infected Microsoft Office 2001 file (Office 2000 for Macintosh). It appears that this virus variant came about when a Macintosh user who had a file infected with WM97/Melissa-X, saved it using Office 2001.
Community News

Arizona Lawsuits Persist Against Arthur Andersen

Arizona's Corporation Commission has joined the group of those who are taking the Arthur Andersen company to court over its audit of the Baptist Foundation of Arizona.
Tax

Tax Tip: Navigating the IRS Web Site

Need a tax form? Have a question about changes to tax law? Want to find the nearest IRS walk-in site? Now anyone with a personal computer and Internet access can point and click their way to trouble-free tax filing at www.irs.gov.The award-winning IRS Web site at www.irs.gov offers a wealth of resources for making tax time, well, a little less taxing. A user-friendly format allows even novice web surfers to quickly find the information they need.
Tax

File W-2s and 1099s Online - Quickly and Inexpensively

You can file Federal and State W-2, 1099, and 941 forms online at filetaxes.com. For the low fee of $3.49 per form, filetaxes.com you can prepare these forms online and file them with the proper tax authorities completely over the Internet.
Community News

KPMG Faces Class Action Suit

Shareholders from Lernout & Hausie are to launch a class action suit against auditors from KPMG, according to a report in the Financial Times.The suit will claim that the auditors should have been aware of problems with the speech recognition software group's accounts.L&H filed for bankruptcy in November after restating results for 1998, 1999 and the first half of 2000.

Microsoft, Thomson Invest in Cpa2biz

The controversial for-profit Web site that is in the works over at the AICPA has just announced what many have been speculating all along - that leading Internet technology and information solutions companies Microsoft and The Thomson Corporation are investors in the service.
Community News

Centerprise Acquires Great Plains Partner

Confirming its commitment to providing an array of professional services to middle-market companies in geographically diverse regions, Centerprise Information Solutions (CIS) acquired Houston-based FinAcc Resources, a prominent Great Plains Partner, owned by Margarett J. Foster. The acquisition will add six professionals and over 100 clients.

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