News

Take Charge of Overwhelming Projects

You know you need tackle that high-priority project, but you make a few phone calls, you sort through yesterday's mail, and before you know it, it's lunchtime. Even the most focused people tend to put off getting to work on overwhelming projects - maybe because of the size of the project, the complexity, difficulty - or all three. Get a clear picture of the entire project and prepare a step-by-step plan for completing it. When you think about doing something on the project, don't focus on the entire project, instead, focus on a quick five-minute task or a small work session.
Technology

Outlook Tip - Quickly Address Messages to Multiple Contacts

Preparing an e-mail message in Outlook that is addressed to multiple recipients can involve several steps: First, create your e-mail message; next, open your Address Book; and finally, add the recipients to the To line one a time. Here is a simple shortcut for addressing and sending an e-mail to multiple recipients:Click Contacts. Select the contacts you want to send a message to by clicking on the first contact, holding down the CTRL key, and then clicking the additional contacts to receive your message.
Tax

Tax Tip: Gambling Income and Expenses

Hit a big one lately? With more and more gambling establishments, the IRS reminds people that they must report all gambling winnings as income on their tax return.Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse and dog races and casinos, as well as the fair market value of prizes such as cars, houses, trips or other non-cash prizes.Generally, if you receive $600 or more in gambling winnings, the payer is required to issue you a Form W-2G.

CCH’s Fifth Annual Picks for Quirky Court Cases

CRIME, PUNISHMENT TAKE CENTER STAGE AS NEW CAST OF CHARACTERS CONFRONT THE IRS IN COURT
Tax

Small Biz Tax Relief: What's Cooking?

Self-employed individuals and small firms pay approximately $800 million in taxes that the federal government collects each year. Senator Christopher "Kit" Bond, Chairman of the Senate Committee on Small Business, wants to do something to relieve their tax burden.Bond today introduced the "Small Business Works Act of 2001," designed to complement the broad-based tax relief package proposed by President Bush."With an economy that appears to be slowing, small businesses are likely to be among the first affected.
Community News

Arthur Andersen: New Woes in Arizona

As if a series of pending lawsuits regarding a controversial audit of the Baptist Foundation of Arizona weren't enough to keep the sunbelt accountants busy, now it seems the Big Five firm of Arthur Andersen has been the subject of yet another investigation.Andersen's 1994 audit of home builder UDC Homes, Inc. produced a clean bill of health for the company's financial statements.

AccountingWEB Weekly News Wrap-up - Issue 79

The AccountingWEB Friday Wrap-Up Newswire - Issue 79January 26, 2001* * This week's newswire is sponsored by Macola * *FREE OFFERYour job can be overwhelming if you don't have the right software. Macola's Progression Series software provides an easy-to-use, low maintenance product set that satisfies the broad functional needs of small and medium size enterprises. Request a FREE Multimedia CD NOW! Call us at 800.486.0834 ext.
Technology

Free Accounting-Related Downloads on the Web

ASPs. Online Accounting. Web-based filing.

Worldwide Accounting Standards Gaining Momentum

A new International Accounting Standards Board was appointed today and charged with the task of tackling the tangled mess of different country-by-country accounting standards to devise a single set of accounting rules by which all of the world's nations and businesses can function.The group was named by the International Accounting Standards Committee, a group comprised of financial professionals from 14 countries and chaired by former Federal Reserve Chairman Paul Volcker.
Tax

Tax Tip: Record Keeping

You can avoid headaches at tax time by keeping track of your receipts and other records throughout the year. Good record keeping will help you remember the various transactions you made during the year, which may help you out on your taxes.Records help you document the deductions you've claimed on your return. You'll need this documentation should the IRS select your return for examination.

F9 Software in Accounting Today’s Top 100

Accounting Today has named Synex System’s F9 Financial Reporting software as one of the "Top 100 Software Products" for 2001.

OSHA - Updates on Ergonomics Ruling

OSHA's new ergononmic rules, which went into effect on 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.
Practice Management

Outsourcing Your Payroll Systems, with Rob Basso

Outsourcing Your Payroll SystemsPresented by Rob Basso, President of Advantage Payroll ServicesContact Rob at Rob_basso@advantagepayroll.comJanuary 25, 2001Visit the AccountingWEB Workshop Calendar for upcoming sessions.SummaryThursday's workshop session was filled with useful information and answers to questions about outsourcing pay
Education & Careers

Dressed in Sweat Pants and Working Hard

The traditional nine to five, or should we say nine to nine this time of the year is not the only way to make a living!
Practice Management

FASB Reconfirms Position: No More Pooling Allowed

In continuing its redeliberations of the September 1999 proposed Statement, Business Combinations and Intangible Assets, the Financial Accounting Standards Board (FASB) tentatively decided at today’s public meeting to eliminate the pooling-of-interests (pooling) method of accounting for business combinations. All business combinations would be accounted for under a single method - the purchase method. The pooling method would be eliminated following issuance of a final Statement.

Some CPAs Not Taking 'Cognitor' Title Lightly

The AICPA believes that it is acting in the best interest of CPAs by recognizing that technology is reshaping the economy and the rules of the profession. Many professionals laugh at the sound of the name, "Cognitor," but the proposed new identifier for CPAs and other financial professionals is anything but funny to Michael Rosedale, founder of CPAdirectory.com, and others who object to the name and the concept for which it stands. "This is not a rebranding of CPAs," says AICPA senior vice president John Hunnicutt, who has debated Rosedale on this issue several times.
Technology

Sent the Wrong E-mail? Retrieve It Quickly Using Outlook

If you use Microsoft Exchange Server as your e-mail server, and the recipient uses Outlook, you can recall the message before the person has a chance to read it. You have checked and double-checked your e-mail message for spelling and content errors before sending it, you click the SEND button, but to your horror, you see an error just before the message leaves your screen! Don't you wish you could just reach out in space and pull that message out of the recipient's inbox?You can!

American Express Customers See Errors on Statements

A recent glitch in the billing systems at American Express will cause some members to see an error on their billing date. The error switched the numbers for the month, so a purchase made on January 10, 2001 may show up on statements as being made on October 1, 2001."We are aware of the problem and it's been corrected," said Amex spokeswoman Desiree Fish. "It's something that only affects the dates [on the statement] and not the accuracy of the charges." Fish did not say what caused the error.
Technology

RIA Introduces Corporate Tax Planning Tool

RIA introduces InSource® CS - Income Tax Planning, a full-featured federal tax planning tool for corporate tax professionals. "Today's corporate tax professionals are called upon to advise on the tax impact of ever more complex business transactions," said Brian Peccarelli, Vice President, InSource Income Tax at RIA.
A&A

Human Resources Projections for 2001

What’s ahead for HR and our workplaces? What will be our greatest challenges? Successes? What will leaders need to deal with in this new year and beyond?Hr.com and Worklife Design have compiled a list of projections for the coming year in the Human Resources arena. These issues are outlined below. The pace of change will increase. The World Future Society projects there will be more change in the next ten years than there has been in the past 200 years!Technology will expand the fastest. As long as we can find a phone line we can be connected to anybody, anywhere.

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