News | AccountingWEB

News

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.
Tax

IRS Doesn't Always Get its Cut of Super Bowl Winnings

The Ravens are favored as the next NFL Champions in the upcoming Super Bowl. But in an
Tax

State Revenue Agencies

AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgia

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.

Pages


Already a member? log in here.