News

The Top 10 Worst High-Tech Execs

When a company doesn't perform as predicted, stock prices decrease and there is a lack of luster, who's to blame? Often the CEO catches the flak -- after all, he or she is at the helm, steering the company into rough waters, right?Forget the soft stuff. Based purely on numbers and performance, a new survey conducted by Computer Reseller News ranks 998 high-tech company CEOs, and actually named the top 10 worst CEOs.

Future of ASPs Looks Good

For the past year, reports have circulated across the accounting profession that the use of Application Service Providers or ASPs will be 'red hot' as CPAs and their clients begin to adopt rentable applications based on the ASP model.Now, a new report from IDC confirms that the ASP marketplace is gaining momentum, and has put itself on the line by forecasting that the industry will be worth $7.8 billion by 2004.
Tax

The IRS is Wrong 46 Percent of the Time!

Who would have thought anyone would actually confirm what the CPA profession has known for a long time ... that the Internal Revenue Service actually makes mistakes!A study by the U.S.

Senate Fails to Deliver on FSC Issue

The current FSC regime is set to be repealed, but Senate leaders are hopeful the World Trade Organization will agree to an extended deadline of November 1.Senate Majority Leader Trent Lott yesterday attempted to secure a unanimous consent agreement to bring the issue of the Foreign Sales Corporation bill to the floor for consideration, but was met with unexplained democratic opposition.Off the Senate floor, a number of democrats voiced their desire to add amendments to the FSC bill, including such issues as campaign finance reform and the denial of FSC benefits to certain industries.L
A&A

ASP Industry Reaches Another Milestone

As if to illustrate the massive growth in the application service provider market this year, the Application Service Provider Industry Consortium has just reached its 650-member milestone - a mere 16 months after its inception.The 650th member to join the consortium was a California-based company, Voci, which specializes in ASP speech-recognition solutions.The ASP Industry Consortium promotes the industry by sponsoring research and advocating for best practices.
Technology

Europe vs. US in Tax War Over Software Sales

In June this year, the European Commission closed a tax loophole for US companies, when it said that they had to charge VAT for software and music sold over the Internet. The proposal also said US companies could choose in which European Union country they wanted to pay VAT. However, European governments are questioning the Commission's proposals. Until now, many US companies have avoided paying VAT because the current legislation does not take Internet sales into account.
Community News

Jane Bryant Quinn Analyzes SEC/Levitt Matter

In a syndicated story published by the San Francisco Chronicle, noted financial guru Jane Bryant Quinn gives her own spin to the SEC hearings concerning the independence of accounting and consulting firms.In this story, she brings the facts to a level that would be interesting to investors rather than the firms themselves based on what a ruling for or against the firms could mean.Specifically, a negative ruling could affect the cost of stocks and bonds.
Community News

Andersen Responds to SEC Violations in Arizona

Arthur Andersen is seeking a hearing to respond to the Securities and Exchange Commission's allegations that the firm violated state securities law in connection with a 1996 audit of the Baptist Foundation of Arizona. Andersen is accused of giving the Foundation a clean audit despite warnings that the Foundation may have committed fraud with its investors. After the audit report was issued, $200 million was raised by the Foundation, which eventually filed for Chapter 11 bankruptcy protection in November 1999.
Community News

Crowe Chizek Buys PwC's Fort Wayne Practice

Crowe, Chizek & Company LLP is set to buy PricewaterhouseCoopers' Fort Wayne, IN practice. A tentative agreement is in effect, and the sale should be final by Octobet 31.The purchase provides Crowe Chizek new territory to add to its already booming practice throughout the Midwest in Indianapolis, Chicago and Cleveland, and even in southeast southern cities like Lexington, KY and Fort Lauderdale, FL.

Global Tax Network to be featured on Technology Today

Technology Today Program will highlight Global Tax Network’s Online Tax Organizer technology and its growing impact on the accounting industryGlobal Tax Network (gtn), a Colorado based online tax service will be a featured guest on Technology Today, an independently produced national television series that airs via the Discovery Channel, BroadcastAmerica.com. The Technology Today program investigates the evolving technological topics and trends that most affect the business world.
Technology

Internet Usage Stats may Surprise you

The face of the typical Internet user is changing, according to new statistics released by Deloitte and Touche and Jupiter Research.It has long been thought that teenagers will easily replace adult users of the Internet, but in fact, adults spend more than twice as much time online as teenagers.
Technology

Possible Professional Internet Domain: YourName.cpa.pro?

A bid is underway to allow professionals a faster path to their marketplace on the Internet by creating a new top level domain of ".pro" for accredited accounting professionals.This would mean that every CPA may be able to register his or her professional domain name -- such as www.JohnnyBGood.cpa.pro -- allowing consumers the ability to identify registrants as credentialed professionals in an increasingly difficult-to-distinguish .com world.Additionally, .pro would be available to professional companies and associations, which can register on .pro and leverage the new extensions

'Cognitor' Designation Moves Forward, Despite Defections

Following last week's defections by the Scots and Irish institutes, Bob Elliott, Chairman of the American Institute of Certified Public Accountants confirmed that the remaining partners are pressing ahead with plans for the new global credential, currently referred to as "Cognitor.""The leadership in the US, Canada, Australia, New Zealand and South Africa have expressed strong support for continuing the work," said AICPA Chairman Bob Elliott.
Tax

Less To The IRS Next Year

PLEASE NOTE: This press release has been revised on September 29, 2000 and reissued to reflect the Department of Labor's corrected CPIU figures.CONTACT:Mary Dale Walters847-267-2038mediahelp@cch.comNeil Allen847-267-2179allenn@cch.comLESS TO THE IRS NEXT YEAR:CCH RELEASES TAX BRACKET CHANGES FOR 2001(RIVERWOODS, ILL., September 29, 2000) – Some modest tax relief is in store for 2001, no matter who wins the presidential election, according to CCH INCORPORATED (CCH), which today released estimated income ranges fo
A&A

The Great Entrepreneur Quiz

Do you have the entrepreneurial spirit? Take this sample quiz based on Radicals and Visionaries, "Entrepreneurs Who Revolutionized the 20th Century" published by Entrepreneur to test your knowledge of the success stories of the 20th century.Scroll to the bottom of the page for the answers:1. This pregnant housewife started a business at her kitchen table using for seed money cash she received as wedding gifts. To get around suppliers who refused to work with a woman, she set up her own light manufacturing facilities.

Speling, Spellng, Spelling! Third Time's a Charm!

Spelling may sound basic, but to the end user, it's critical. Misspelled words in proposals, resumes and correspondence present your message in a negative light and can cause misunderstanding in your communication. One strike, you're out is sometimes the effect of misspelled words. Take a refresher course to help you present yourself in a positive way. If you struggle with spelling, consider these helpful tips.
Tax

Is Your State Friendly to Entreprenuers?

How friendly is your state's public policy in supporting small business and entrepreneurs?A new report called the 'Small Business Survival Guide Index' issued by the Small Business Survival Committee found that South Dakota, Nevada, Wyoming, New Hampshire and Texas were the top five states, in order.Consequently, the bottom of the list, beginning with number 46, included Ohio, Minnesota, New Mexico, Rhode Island, Hawaii and the District of Columbia.
Community News

KPMG Foundation President Elected to Points-of-Light

Former KPMG partner Bernard J. Milano, who now works exclusively for the KPMG Foundaton as president, recently was elected to the Board of Directors of the Points of Light Foundation.Points of Light is dedicated to engaging people in volunteer community service.

Employee Incentives "Different Sizes Fits All"

Each and every employer across America is well aware of the tight labor market. Coupled with the 150-hour law, dotcoms recruiting on campus, and the anticipated and well-known stresses of tax season, what can you do to help retain your current staff and recruit new talent. Here are a few tips to help you understand what motivates employees of all ages. Mature Workers are low risk takers and need and desire flexibility. Born between 1930 and 1945, mature workers generally have had predictable career paths; they worked hard and moved up the corporate ladder.

Low Cost Ways of Enriching Employee Experiences

Employees want to truly feel that they are a part of the bottom line.An article on Inc.com, provided by Bob Nelson of Nelson Motivation Inc., tells employers to consider the power of the five I's. Interesting work. No one wants to do the same boring job over and over, day after day. And while any job will always require some boring, repetitive tasks, everyone should have at least a part of their job be of high interest to them. Information.

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