IRS Announces New Employment Tax Deposit Rules

Under previous law, businesses with employment taxes of less than $1,000 per quarter could make their tax payments quarterly, while other businesses make more frequent tax deposits. Now, starting January 1, 2001, businesses with employment taxes of less than $2,500 per quarter will be able to make quarterly payments, instead of the monthly payments they were making previously."The new standard will reduce the paperwork and red tape that small businesses face," according to IRS Commissioner Charles O. Rossotti.

New ERISA Update! Patients' Bill of Rights!

The Employment Retirement Income Security Act (ERISA) of 1974 has been revised to include a final regulation that will change the minimum requirements for benefits claims. The new regulation is effective 1/20/01 (is it a coincidence that this occurs on Innauguration Day?).The new regulation establishes new standards for processing claims under group health plans and plans providing disability payments.

Ad Firm Closes After Audit; CFO Kills Himself

The Dallas-based advertising firm of Berry-Brown has suffered more than their share of losses. A story that ran in this week's Dallas Morning News confirmed that the 23-year-old firm has dismissed all 46 employees and has closed its doors, all thanks to an audit that revealed $6.25 million in missing funds.To add to the woes, the audit also uncovered the fact that the CFO, Philip Schieber, had embezzled the money before killing himself last month.
Community News

Name Change, Affiliation Part of BMF's Strategy

The Akron, Ohio-based accounting firm of Bober, Markey, Fedorovich & Company recently changed its name and announced a new affiliation with the Financial Consulting Group, L.C. (FCG).The firm added the name, Fedorovich, last month to reflect the contributions made by Managing Partner, Rick Fedorovich. The affiliation with FCG is a result of the firm having built a strong business valuation and litigation practice during the past few years.
Community News

KPMG Named Leadership Partner to U.N. Initiative

Here’s a feather in the KPMG hat: The accounting firm and its 25,000 partners and employees across the United States was named a Leadership Partner in the International Year of Volunteers celebration in the United States, or IYV 2001 US.KPMG will partner in all activities in IYV 2001, which was decreed by vote of the United Nations General Assembly. IYV 2001 will celebrate the achievements of volunteers worldwide and create thousands of new volunteer opportunities.

Portable Computers Get Health Clearance

Isn't it comforting to know that others are constantly looking out for us to make sure that new work equipment and new methods of working do not bring added health and safety risks? Newly published research, "Health and safety of portable display screen equipment" carried out by System Concepts Ltd.

KPMG Consulting Involved in $50 Million Lawsuit has filed a $50 million lawsuit alleging that KPMG Consulting "knowingly misled" the online auto store about customer-tracking software, the LA Times reports.The Internet firm says that KPMG, which had advised to change its customer-tracking software to a more advanced system, caused "significant operating losses" at the firm.KPMG plans to defend itself, the newspaper reports, and demand the online firm pays the outstanding $1.2 million balance on its bill.

Creating Effective Resumes

Robbie Kaplan, author of "Sure-Hire Resumes" and "Resume Shortcuts: How to Quickly Communicate Your Qualifications with Powerful Words and Phrases" presented an online workshop that provided participants with key information on how to craft resumes.Ms. Kaplan pointed out the fact that resumes can do much more than just help you secure a new job.

Creating Effective Resumes, with Robbie Kaplan

AccountingWEB Workshop: November 28, 2000Presenter: Robbie Kaplan, author of Sure-Hire Resumes and Resume Short-Cuts: How to Quickly Communicate Your Qualifications with Powerful Words and Phrases.

Company Alcohol Policies? Holiday Regrets!

More often than not the issue arises because someone gets hurt due to alcohol consumption in a work-related situation.Employers could end up with legal troubles unless the company can show that it had no control over the situation and had no reason to assume it would occur.

Over 200 Attend Deltek® Sema4 2000 User Conference

Semaphore Customers Reassured by Deltek’s Commitment to a Smooth Transition and Support for the Long TermMcLean, Virginia, September 28, 2000, Deltek® Systems, Inc. (NASDAQ: DLTK). Deltek held its Deltek Sema4 2000 User Conference this week in New Orleans, featuring over 50 sessions on everything from activity-based accounting and revenue recognition to project management report design. Semaphore, Inc., a provider of professional services financial and project management systems, originally developed the Deltek Sema4 software product line.

Deltek To Host Professional Services Automation Seminars

McLean, Virginia, October 2, 2000, Deltek® Systems, Inc. (NASDAQ: DLTK). Deltek, a leading provider of enterprise software, solutions and consulting to more than 7,500 professional services firms worldwide, today announced that the company is hosting professional services automation (PSA) seminars in six U.S. cities this fall.

Deltek Customers Account for 72% of the ENR’s Top 500 Design Firms

McLean, Virginia – October 11, 2000 – Deltek® Systems, Inc. (NASDAQ: DLTK) ( With the most recent release of the Engineering News-Record’s (ENR’s) Top 500 Design Firms (ENR Top 500), Deltek customers now account for 72% of the firms making the list, and 94% of these customers use two or more Deltek products.

New Products Deliver Front Office Automation

McLean, Virginia – November 1, 2000–Deltek® Systems, Inc. (NASDAQ: DLTK) ( Deltek today announced the upcoming general release of Deltek CRM for sales force automation and customer relationship management, and Deltek Proposals for proposal generation and tracking automation in professional services and other project-based organizations.

Deltek To Showcase New Front Office Applications

McLean, Virginia, November 9, 2000, Deltek® Systems, Inc. (NASDAQ: DLTK). Deltek will hold the Deltek RFP User Conference from Sunday through Tuesday next week in St. Petersburg, Florida, featuring intensive workshops on everything from mastering customer relationship management and opportunity tracking to automating a firm’s proposal process. A/E Management Services, Inc., formerly a provider of marketing, proposal and tracking automation software, originally developed the RFP GenTrak™ 2000 product line.

PowerPoint Tip: Improving Overall Design

This is the first in a series of PowerPoint tips written by Scott Stein, PowerPoint consultant.Consistently, I get questions about how to make a presentation look better. A trainer recently commented to me that her PowerPoint backgrounds "look like a 3rd grader made them." To create attractive presentations, PowerPoint users must have a good sense of font use/selection, color compatibility, and art and animation use.

Who Was the President-Elect When You Went to Bed?

Will we ever have a Presidential election to top the 2000 election? Even accountants got involved as members of the Florida firm of Johnson Lambert & Co. helped test the accuracy of machine vote counts.The U.S. Supreme Court added its voice to the controversy over who will become the 43rd president of the United States by agreeing to hear arguments and then making its ruling.The Court considered the issue of whether the Florida Supreme Court violated provisions of federal law and the U.S.

New Domain Names May Cost $75,000 to Maintain

The addition of new high-level domains (.biz, .info, .name, .co-op, .pro, .museum, .aero), and the ongoing exploitation of over 150 existing domains, will force the average Global 2000 organization to register at least 300 name variants by 2001. These findings by Gartner Group are particularly relevant since the Internet Corporation for Assigned Names and Numbers recently announced seven new top-level domains. "Organizations have mistakenly assumed that having a domain name with 'dot-com' was enough.

Notebook Computers are Popular Holiday Gifts

While retailers expect sales of desktop PCs to once again surge during the holiday season, more and more consumers will be looking at notebook computers, instead, as a more-than-viable option to the desktop unit.After all, notebooks have come down in price over the last several years, and their portability cannot be matched by a desktop unit. They have all the bells and whistles associated with larger units, and are tight and compact in size and weight.MSNBC has analyzed several notebooks for consideration, including brands from IBM, Compaq, Dell, Toshiba and HP. Check it out!

E-Payments at Forefront of Citigroup/AOL Alliance

Nowadays, if you owed a friend money, you would either pay that person in cash or write him or her a check, right?In the near future, the whole scenario could change, based on talks between online provider America Online and banking giant Citigroup.The two companies predict e-payment is about to become mainstream as the two work to set up a way to transfer electronic payments to individuals through online banking.


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