News

Community News

ACCPAC Increases Market Share With SBT Acquisition

ACCPAC International, Inc. just announced that the company has fully acquired SBT Accounting Systems.'In today's marketplace, everybody is facing critical resource shortages, particular in current technologies,' says Colorado CPA Wayne Harding, vice president of Outsourcing Services for Great Plains. 'It makes sense to take redundant efforts, particularly in companies who have the same kind of strategy, and merge them together.'Toronto-based Robert Lavery, vice president of Strategic Alliances for ACCPAC, agrees.
Community News

Andersen Hires Top Gun Lawyer to Fight SEC

In the wake of the highly publicized conflict-of-interest hearings by the Securities and Exchange Commission to limit the activities of auditors offering audit and consulting services, Arthur Andersen has engaged the services of Attorney David Boies and his colleague, David Barrett.A trial lawyer working for the U.S.
Tax

IRS Backing Away from Traditional Collection Efforts

If the statistics coming out of Illinois hold true for the nation, it would appear that the IRS is backing off on collection attempts.
Technology

Is That a New Hat, or a Computer that You’re Wearing?

The desktop computer on which you are probably reading this story may soon become an unwieldy artifact of the past as computer developers are coming up with more and more ideas for changing the way in which we look at and use computers today.Handheld computers are only the beginning. Look for computers to appear in the guise of mobile phones, watches, in the guts of cars and household appliances, and even as an add-on to your wardrobe. Not only will computers be everywhere, but they will be networked.
Practice Management

Expand Your Accounting Practice with Virgos

Today's horoscope, as reprinted in the Washington Post, indicates that Virgos are in need of reviewing their accounting methods. Check the birthdates of your clients -- you may find that some of them are expecting your call!

Accountants Struggle to Measure Human Worth

Traditional methods of accounting don't begin to capture the value of knowledge, relationships, and intellectual property that exist in today's business environment. Employees are hired and retained, not just for the hours of robotic-type service spent on an assembly line, but for the intrinsic value they bring to a company through their brain power, connections, skills, and personal resources. Barry Libert, a director with Arthur Andersen, sees the traditional accounting methods as being outdated for the New Economy.

Mortgages – More than Just a loan!

Purchasing a home is one of the most important investments an accountant’s client will ever make. Choosing the right mortgage and mortgage vendor is critical. With today’s innovative investment opportunities and complex tax environment, choosing the right mortgage financing can optimize your client’s portfolio, and decrease his or her tax liabilities. Each client’s mortgage needs must be integrated into their overall financial plan.
A&A

Tips for Maximizing Home Office Phone Lines

Telecommuting and the home office are popular staples in today's business marketplace, but how wisely are you using your telephone lines? Chances are, you're not being as productive as you could be when it comes to the ins and outs of home wiring and line details.Here are some tips for productivity: ISDN is Possible - ISDN isn't only for the standard office environment. However, you'll need two lines to make an ISDN connection to the Internet.
A&A

The MBA: Still an Entree to Upper Management

An MBA or advanced degree may just be the ticket to the top, according to a new survey released by Accountemps, a division of Robert Half International.An overwhelming 80 percent of respondents felt that an advanced degree was very important or somewhat important as a way to be heard by top management in companies across the nation.The survey was compiled from 150 responses among the nation's 1,000 largest companies.
Tax

Effect of Marriage Tax Cut on $1.8 Trillion Surplus

Last week's vote to send tax cut legislation for married couples to the White House for consideration has fueled yet another battle between Democrats and Republicans in a very important election year.Democrats who voted against ending the marriage tax penalty are concerned that the passing of the tax cut will use up all of the projected 10-year, $1.8 trillion surplus.
Technology

Does Your Boss Read Your Email?

To date, courts have upheld an employer's right to monitor an employee’s email because the employee is using the employer’s computer equipment on the employer’s time. Employers are not required to inform employees of their intent to monitor email, voice mail, and other communications which may include personal content. However, members of Congress are considering legislation that would require employers to advise employees of their intent to monitor such communications.

Hiccup Discovered in Microsoft Outlook

A South American lab has discovered a problem with Microsoft’s Outlook and Outlook Express: Individuals can access a remote computer by sending an email to the recipient resulting in myriad problems of which the receiver may not be aware.

AccountingWEB Leads the Accounting Profession in a Fight Against Diabetes

AccountingWEB culminates its month-long diabetes awareness program with a bicycle ride for the American Diabetes Association around the Indianapolis Motor Speedway.
Tax

Marriage Tax Bill Goes to White House

The Republican-controlled House and Senate have reached agreement on a marriage tax relief bill that would provide a more fair income tax rate for married couples where both spouses work. The bill changes the standard deduction for married couples to be twice the standard deduction for unmarred taxpayers, and this change would be retroactive to January 1, 2000.In addition, the bill provides for a change in the tax brackets so that single or married, the tax on income is the same.
A&A

Big Blue Poised to Turn PC Profit

Better than expected 2nd Quarter earnings encouraged IBM to remain confident that its ailing PC division will turn a profit by the end of the year.The Personal Systems division includes notebook computers, desktop PCs and low-end servers. Since 1998, the division has lost $1.5 billion.The report was made by IBM's CFO John Joyce in a statement connected to the release of the earnings, who said the company's change in business strategy and product focus seems to be working.
A&A

Tech Geeks and Dotcom Investing: Marriage or Divorce?

A recent survey conducted for US Trust of the richest technology professionals confirmed that wealthy Americans working in technology maintain their opinion that dotcom stocks are still a viable investment.The survey was conducted in the Spring when most of the technology stocks fell dramatically.
Community News

Andersen Names New Chief Exec

The latest personnel change at Big 5 firm Arthur Andersen truly signals another step for the firm in changing its business philosophies and operating strategies.Andersen created a new position called 'chief executive,' and named Terry Hatchett to take the post. He will handle strategic and management issues while he shares this position with Managing Partner Jim Wadia, who is the firm's current CEO.Hatchett most recently headed up Andersen's Asia Pacific practice.

Excel Tip: Alphabetizing a Column of First and Last Names by Last Name

How many times have you entered a list of names, first and last name in the same column, like this:Joe SmithMargaret HowardSherry AndersonMichael WilsonMeredith Morganand so on……only to find that you need to alphabetize the list by last name. Do you have to re-enter the entire list so that the last name appears first? Here's a quick method for sorting a list like the one above by last name.The process involves separating the text into two columns, one for the first name and one for the last name.
Tax

Congress Votes to Change the Way We Look at Taxes

The week in Washington was anything but dull. Nearly every day we were presented with a new, more glorious bill and a gaggle of vote-hungry representatives and senators eager to vote 'yea.' There isn't a single issue here that won't please most of the American public - so why is it so likely that so few of these measures will actually make it into law?Marriage Tax Penalty. There are bizarre rules in the Internal Revenue Code that make it possible for two people to earn the same income at the same job but pay vastly different income tax on that income due to their marital status.

AccountingWEB Weekly News Wrap-up - Issue 52

The AccountingWEB Friday Wrap-Up Newswire - Issue 52July 21, 2000Logon to http://www.accountingweb.com for more resources.Don't know your membership logon details?

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