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Tax Mama Highlighted in Inc. Magazine

A recent article in Inc. magazine analyzed seven top web sites where tax pointers can be found. Included in the seven was Eva Rosenberg's site, www.taxmama.com, and the article described the site as "A joyful and occasionally informative romp through the tax world." The site is geared primarily toward the consumer. Visitors can submit questions and read Q&A's in Tax Mama's e-mail newsletter. Ms.
Technology

ACCPAC Unveils Multi-User SOHO Accounting Solution

ACCPAC International, Inc., a division of Computer Associates (NYSE: CA) interBiz group, has announced the availability of ACCPAC Simply Accounting Pro-the first multi-user version of Simply Accounting, a comprehensive business accounting solution for small offices and home offices (SOHOs).
Tax

Tax Tip: IRS Has Plenty of Free Publications

From aardvark to zyzzyva, the IRS has a publication that covers it - free for the asking. The IRS has numerous publications on a variety of tax-related topics available by phone, fax, or the Internet at www.irs.gov. Are you a student seeking knowledge on the lifetime learning credit? Check out Publication 970. Are you a first-time home buyer?

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Community News

Grant Thornton's Executive Partner Steps Down

Edward E. Nusbaum, 45, has been named Interim Executive Partner at Grant Thornton while the firm conducts a search for a permanent replacement for Dom Esposito, who is leaving the position he held for two years.Mr.
Community News

7th Ranked CBIZ Reports Fourth Quarter Losses

Century Business Services, Inc. has announced fourth quarter and full-year financial results for the period ending 12/31/00. Revenue for the year 2000 is $567.8 million, which is a 3.9% increase over the previous year. Operating income for the same period is $26.2 million, down 63.3% from the previous year.
Tax

Tax Tip: Form W-4 - The Key to Tax Withholding

When you start a new job, you must complete Form W-4, "Employee's Withholding Allowance Certificate," so your employer can withhold the correct federal income tax from your pay. Detailed instructions on the form and its worksheet can help you figure your correct withholding amount, according to the IRS.
Community News

Mutiny at PwC?

There's unrest these days among consultants at PricewaterhouseCoopers, and the timing couldn't be worse. First there was last fall's failed sale of the consultancy arm of PwC to Hewlett-Packard. Then there was the slashing of 400 of the firm's consultants earlier this year.
Community News

And Then There Were. . . Four?

The rumor mill is turning, and the talk is of a possible merger of the US offices of KPMG and Andersen, the firm formerly known as Arthur Andersen. The merger talk may well be nothing more than a rumor. After all, this isn't the first time there has been talk of a KPMG merger. A few years ago, the talk on the street was of a KPMG/Ernst & Young merger.An unnamed senior partner at Andersen has been quoted as saying, "Everyone has been talking about the move in the office.
Tax

House Passes President's Tax Cut

One down one to go - the House votes "Yea," and the tax bill is on to its appointed rounds in the Senate, where legislators promise it won't have quite such an easy ride.The House voted 230-198 on Thursday and passed a $958 billion tax cut which will lower tax rates for nearly all Americans retroactive to January 1, 2001. Ten Democrats and one Independent joined 219 Republicans to pass the bill by its narrow margin.If the bill passes in the Senate, the tax rate reduction will be completely phased in by 2006.
Tax

Tax Tip: Tax Changes For Business Owners

At tax time, many business owners want to make sure they are aware of the latest changes that could affect their taxes. If you are one of these owners, a good source of information is IRS Publication 334, "Tax Guide for Small Business." It includes a listing of tax changes for 2000 returns, plus explanations of the changes. It also includes some of the changes for 2001.

Knowledge Concepts partners with Practice Development Institute

VALDOSTA, GA, March 9, 2001 – Knowledge Concepts, Inc. announced the completion of a partnership agreement in which Practice Development Institute and KCI will form a strategic marketing alliance. FirmWorks software provides Sales Force Automation, Customer Relationship Management and Process Automation functionality for accounting firms. Knowledge Concepts, Inc. is the developer of FirmWorks and provides consulting services to professional service firms. Practice Development Institute, Inc.
Tax

IRS Announces Drop in Interest Rates

The following article is provided courtesy of CCH, Inc.The IRS has announced that interest rates for the calendar quarter beginning April 1, 2001, will drop one percentage point to 8% for overpayments (7% in the case of a corporation), 8% for underpayments and 10% for large corporate underpayments. The overpayment rate for the portion of a corporate overpayment exceeding $10,000 will be 5.5%.

SQL-Version of Visual Practice Management Released

CPASoftware announces the addition of a Microsoft SQL-Version of Visual Practice Management (VPM), the flagship product of its accounting suite.A leading product among practice management software, Visual Practice Management was first introduced in 1996 using a Microsoft Access Database. Currently over 3000 firms across the United States and Canada use VPM to track, bill and manage the daily time of their practice.
Tax

Back Taxes Owed by Members of Congress

It seems that those who make the laws aren't always known for setting the best example. A recent report by the IRS on tax compliance by government employees showed that 5.03 percent of House members their employees and 4.44 percent of Senators and their aides owed back taxes or have one or more delinquent tax returns.The total amount owed by government employees in all agencies totals $2.53 billion. This amount does not include any amounts owed for which an installment agreement has been entered into."Our system of taxation relies on voluntary compliance," Charles O.

AccountingWEB Weekly News Wrap-Up - Issue 85

AccountingWEB Weekly News Wrap-Up - Issue 85 March 9, 2001Visit Our Sponsor: MondaqMarket your knowledge and expertise online for free.Mondaq publishes and distributes professionals’ articles on a variety of business areas including: finance, legal, offshore, accounting, and tax. Through our global network of affiliate firms we can maximize the reach of your expertise. All on a FREE to publish FREE to view basis.
Technology

FiNetrics Ceases Operations

FiNetrics, a start-up ASP service designed to provide accounting applications to small businesses through their CPA firms, has ceased operations this week. FiNetrics was developed and funded by divine interVentures, a technology venture capital firm.

Using The Internet For Business-What's Next? with Tim Anglim

Tips For Using The Internet For Business - What's Next?Presented by Tim Anglim, CPA, CMAPresident of The Forensic Group Contact tanglim@FraudDetectives.comThursday, March 8, 2001Visit the AccountingWEB Workshop Calendar for upcoming sessions.SummaryThere is a relative explosion in web-based accounting resources and accounting related services.

Ergonomics Rule Killed by The House

Amidst cheers from business owners and jeers from unions, the House joined the Senate in voting down a bill that would have required extensive and expensive changes in the workplace.The ergonomics regulation, which was issued last November and would have taken effect in October, would cover over 100 million workers at more than 6 million work sites, according to the Occupational Safety and Health Administration. OSHA estimated the compliance cost at $4.5 billion, far less than many business groups.
Tax

Tax Tip: Tax Materials and Assistance In Spanish

If you need federal tax information in Spanish, you can find it in the form of recorded tax topics, free tax publications and toll-free telephone assistance from the Internal Revenue Service. TeleTax is a toll-free automated service, in English and Spanish, providing helpful tax topics and refund information. You can find a list of the 151 TeleTax topics in the instructions for Form 1040, 1040A or 1040EZ. TeleTax can also help you if it's been at least four weeks since you filed your return and you want to check on the status of your federal refund.

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