News

Community News

Nortel Provides Solutions to H&R Block

In an effort to simplify its call center operations, H&R Block has engaged Nortel Networks to provide their e-Business solution, 'Nortel Networks Clarify eFrontOffice.'Block wanted to find a way to take the calls it receives from 10,000 tax offices, including financial services and e-Commerce groups, into one, central call center.Nortel's customer relationship management system, eFrontOffice, will provide Block instant messaging, voice-over-IP and personalized portals by the 2001 tax season.Block is in go
Tax

Thousands of Taxpayers Forego Refunds

An audit performed by the office of the Treasury Inspector General for Tax Administration examined $360 million in unclaimed refund money that the IRS is holding in an Excess Collections Account.

Innovative New CPA Group Forms

The Alliott Group is an accounting firm network consisting of 115 firms with over 180 offices located in 56 countries.
Community News

PwC Admits 600 New Partners

PwC appointed 248 new partners to its U.S. ranks this week. Twenty percent of the total includes women, bringing the total women partners to 374 or 12 percent overall. The partners are in the areas of Assurance & Business Advisory Services (ABAS), Management Consulting Services (MCS), Tax and Legal Services (TLS), Financial Advisory Services (FAS) and PricewaterhouseCoopers' Unifi Network, formerly known as Global Human Resource Solutions, and Internal Firm Services.

KPMG Cybercrime Report Stops Hackers

We all know that cybercrime is big business, but how can we fight this phenomenon that doesn't seem to be going away any time soon?With the help of a new report from KPMG businesses and governments alike can find useful tips and tactics on how to prevent breaches in security that actually can stop or delay hackers.The white paper is called 'E-Commerce and Cyber Crime: New Strategies for Managing the Risks of Exploitation,' and was produced by KPMG Forensic and Litigation Services unit.
Tax

Charities and Political Candidates do not mix!

The Internal Revenue Service issues a statement on Wednesday that made clear its position on charities, churches and tax-exempt groups who support or oppose political candidates.Wrong, wrong, wrong.According to the documentation, the IRS said these organizations cannot 'endorse any candidates, make donations to their campaigns, engage in fund raising, distribute statements or become involved in any other activities that may be beneficial or detrimental to any candidate.'The Service issued a similar statement in 1992 and 1996.

Best Buy Offers TValue Amortization Software By TimeValue Software

TimeValue Software, publishers of TValue, announces that TValue is currently available through Best Buy stores. Best Buy has more than 360 stores nationwide and will sell TValue for $99, a $50 savings. You can find the TValue - amortization software in the Financial Planning Section of Best Buy. TimeValue Software will honor a one-year money-back guarantee and free technical support for TValue. Since 1984, TValue has been the industry standard for structuring loans, leases, computing time value of money calculations, printing amortization schedules and more.

90% Of IRS Penalties Are Overstated

Are 90% of 4 Million IRS Payroll Penalties Wrong?Penalty Relief Under RRA 98- By Tom E. Persky, TimeValue SoftwareThe federal tax deposit penalty is one of the most common penalties assessed by the IRS. This year the IRS will issue more than 3.8 million deposit penalty notices. Nearly 90% of these notices overstate the IRS penalty. Historically, the IRS has computed penalties in a way that often results in the highest penalty. For example, assume a taxpayer had a deposit due in January, February, and March.

Will the Real George Jetson Please Stand up?

Space-age travel aside, George Jetson would be proud to be around in 2007 according to the latest PricewaterhouseCoopers Technology Forecast 2000.Now in its 11th edition, the findings reflect what some consider to be the next wave of technology for business, commerce and personal applications.Take a look at just some of the technologies mentioned: wireless data transmission, new forms of microprocessors, virtual personal assistants and even retooling the Internet to be used by computers instead of humans.What's next?
A&A

CFOs are Optimistic on Hiring for 3rd Quarter

The word is extremely positive among chief financial officers; they are forecasting a 14 percent increase in hiring accounting and finance professionals in 3rd quarter 2000.This and other key HR findings are the result of the new Hiring Index released by Robert Half International.The random sample of 1,400 companies with 20 or more employees reports that only two percent of respondents indicated a reduction in new hires.

Fight Hacker Invasions with WebAgain

A new software that can save your Web site should it be attacked by unscrupulous cyber criminals is now available. The software, WebAgain, is manufactured by Lockstep Systems and sells for $499.The software works as a stealth utility that automatically detects any unauthorized Web site changes and restores the site without user intervention. The software runs on both Windows NT or 2000.WebAgain works by intermittently archiving your Web site and then checking for changes.

Want Information Now? Look to the Web!

When your firm is busy prospecting, the sales function needs to be a streamlined machine. Each team member needs access to sales information and they need it fast. If you have been struggling with a sales contact software that just doesn't seem to make the grade, consider a Web-based alternative. Two good sites that allow you to upload your information and maintain it online are UpShot.com and SalesForce.com.

Consulting Firms Compete with Big Fives for Dot.com Business

The online consultancy marketplace just got more crowded now that McKinsey & Co. and Bain & Co. have begun competing head-to-head with the same kind of practice the Big 5 have enjoyed for some time.What does this mean for competition? There isn't a doubt in anyone's mind that staff working for the two firms offer their own spin to e-commerce activities and hold the knowledge so that clients may succeed long term.However, experts predict that 'brand' is everything on the already-crowded playing field.

Antitrust Laws May Affect Internet B2B Sites

Court sentiment seems to be anti-monopoly these days, a far cry from the Reagan era when antitrust lawyers were looking for something else to do for a living. Giant corporations are striving to become larger and more powerful, while closing the marketplace to their smaller competitors.The newspapers are filled with stories of major corporate mergers and the negative effects these mergers can have on smaller companies, but the undercurrent seems to be dragging along the Internet economy as well.

Fight to Ban ATM Fees Loses Ground

The ban on ATM fees that went into effect last year in San Francisco attempted to prevent what was considered to be "double-dipping" by banks who charged non-members a fee for the consumer's bank as well as a fee for the bank providing the ATM service. A U.S. District Court ruled that the ban on fees violated federal laws which provide banks with the right to charge the access fees. Lawyers representing the San Francisco voters vow to take the case to the 9th U.S. Circuit Court of Appeals, which has previously ruled that states have the right to regulate ATMs.
Tax

Is Your City Animal Sculpture Friendly?

Manhattan has cows, Saginaw has hares, New Orleans has fish, Norfolk has mermaids, and Bloomington, IL has giant ears of corn. These are just a few of the many structures gracing, or grazing, the streets and parks of cities nationwide. While cities embrace this latest craze, businesses can gain promotional exposure and a tax deduction by sponsoring the streetside artwork.
Tax

PACs Must Disclose Campaign Contributors

President Clinton signed the 527 Disclosure Bill on July 1, a bill that requires groups organized under Internal Revenue Code 527 (relating to political organizations) to notify the IRS of their existence and to disclose details of all contributions that exceed $200 per year and all expenditures that exceed $500 per year.The IRS will be required to report this information and make it publicly available on the Internet and at the IRS offices. Organizations that are organized under Section 527 are now required to file quarterly reports with the IRS.

Tax Havens Under Fire

The Organization for Economic Cooperation and Development (OECD) is an organization composed of members of 29 industrialized countries that strives to analyze trends, forecast economic development, and coordinate international policies. The members of the organization are, as a group, committed to encouraging a free market economy and a pluralistic democracy. The organization finished two days of meetings last week, the purpose of which was to address the growing concern about harmful tax practices in countries that encourage investment that is subject to little or no taxation.

Top Consultants Include Accounting Experts, E-Specialties

The June 2000 issue of Consulting magazine has a list of the top 25 consultants in the world.This year's issue once again includes experts from Big 5 firms and spin-off consulting firms.Most interesting about the list was that more than half of those listed are involved in e-Consulting from companies whose primary business is electronic business, as well as e-commerce departments of traditional consultancy practices.The magazine reports that the top consultant, Bill Nussey, CEO of iXL, Inc. is 'what every traditional consultancy fears:' a venture capitalist turned consultant.

Back to High School to Recruit Accounting Majors

A booming economy and fewer accounting graduates (about 10,000 over a four-year period) has motivated the Big 5, along with other accounting and consulting firms, to dig deeper for qualified applicants. One place that seems to be a prime resource for the future of accounting is America's high schools. In some cases, even middle schools makes sense.The Big 5 are arriving in droves, and this time they have more than promises of employment.

Pages


Already a member? log in here.