News

Technology

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!
A&A

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.
Tax

Seven Group Members Indicted in Tax Evasion Scheme

On Monday, seven members of the Oregon-based Christian Patriot Association (CPA?!) were indicted for committing acts of conspiracy against the Internal Revenue Service.The group had set up an illegal banking scheme in which almost 1,000 people hid assets of $200 million from the IRS.
Tax

New Capital Gains Tax Rates Effective 1/1/01

The capital gain tax rates are due to be decreased effective January 1, 2001, but only taxpayers with stock that has been held for more than five years will be affected by the change. Capital gains are profits on the sale of items held for investment, such as stocks, bonds, household furnishings, vehicles used for personal purposes, and real estate (although if the real estate you sell is your personal residence, the gain may not be subject to tax). Special rules apply to gains on the sale of certain items that are considered to be collectibles.
Technology

Electronic Postage Debacle: E-Stamp Calls it Quits

News abounded over the Web during the last several months regarding electronic postage providers, especially Stamps.com, which laid off a substantial number of its workforce.Based on valuation of Internet companies and regulation, E-Stamp Corporation has announced its plans to switch the company's business strategy away from Internet postage to Web-based shipping and logistics.
Community News

Katz Sapper Miller to buy Firm Back From H&R Block

Twenty four months after a landmark acquisition by H&R Block of KSM Business Services, Inc., an agreement in principle has been reached to sell the subsidiary back to the partners of Katz, Sapper & Miller for $25 million.KSM Business Services was formed in 1998 to allow H&R Block to acquire the non-attest assets of the 48th largest CPA firm in the USA, Indianapolis-based Katz Sapper Miller.KSM Business Services was the third of seven regional accounting firm acquisitions made by H&R Block prior to its acquisition of the non-attest assets and business of McGladrey & Pullen, LLP, the seven
Technology

Block Customers to get MSN Rebate

This spring, certain H&R Block tax customers will receive an opportunity to save money on monthly dial-up Internet service offered by the MSN network.The traditional $21.95/month fee charged by MSN is the same price offered to anyone else, but because of the new arrangement, Block customers who are part of this promotion will receive a special CD entitling them to a $300 rebate on MSN dial-up services if they commit to a three-year contract.The rebate is part of a new partnership between the two companies in an effort to cross-sell each other's products.
Technology

FiNetrics and Financial Keyosk Announce Alliance

CHICAGO - November 27, 2000 - FiNetrics Inc., a business service provider (BSP) developing an integrated and comprehensive suite of financial applications and services for emerging and medium-sized businesses, and Financial Keyosk, a unit of Zurich Insurance Agency Inc., today announced an alliance which will offer FiNetrics' high-growth clients with convenient online access to Financial Keyosk's commercial insurance products from leading insurers.

Questions Over Concealment at KPMG's L&H Audit

Facts may have been concealed from KPMG auditors prior to their approving the accounts of Belgian voice recognition company Lernout & Hausie.L&H has already admitted it will have to restate financial results for 1998, 1999 and the first half of 2000, as the SEC investigates allegations that Korean sales for the firm involved companies that denied they were customers.KPMG said that the clean opinion issued in its audit report for 1998 and 1999 "could no longer be relied upon," according to the Financial Times.The possibilty of concealment was

Excel Tip: Revising Protected Files Without the Password

A question was recently submitted by Barry Shrut, who wanted to know if there is a way he can revise a protected workbook when the password left with a departed employee. This tip may do the trick!Although you can't make changes to protected cells in a workbook when you don't have the password, you can copy the entire workbook to a new workbook file and the protection will not carry over to the new file.Select the occupied cells in the current worksheet.

AccountingWEB Weekly News Wrap-up - Issue 70

The AccountingWEB Friday Wrap-Up Newswire - Issue 70 November 24, 2000 Members Logon to http://www.accountingweb.com for full access to all our resources. Don't know your Logon Membership Details?
Technology

Two new, Super-Duper Wireless Technologies

The December 2000 issue of Home Office Computing features two products enhancing wireless communications.The first is from NowSpeed.com, and helps mobile workers receive corporate e-mail and attachments through their company address rather than through a third-party e-mail address--no matter where they are to access the e-mail.
Technology

How Much is Your Car Worth?

The end of the year signals a hurried rush to either buy a car, trade in your old one or settle with what you have.
A&A

Priceline's Ex-CFO $3 Million Loan Excused

Many are aware of the fact that Priceline has had its share of problems, but the latest news from the Norwalk, CT-online retailer is stunning. The company is forgiving a $3 million loan given to ex-CFO Heidi Miller.The loan was given a 6.8 percent APR, and the fact that the company won't pursue repayment from Miller is circumspect to her departure.

Spotlight on: Peter Coburn

AccountingWEB ProfilePeter CoburnPresident and OwnerCommercial Logic, Inc. A Story About how a Vision for Simple Excellence Leads to Viable SolutionsPeter Coburn is probably the antithesis of what most people imagine when thinking about a president of one of the major companies dominating the software industry. In fact, his demeanor is so flexible, uncomplicated and peppered with a good sense of humor, that it’s hard to even picture him as head of Commercial Logic, Inc.

EU May Pursue Sanctions Against U.S.

President Clinton signed a new law last Thursday, November 16, reforming the Foreign Sales Corporations system and attempting to achieve compliance with World Trade Organization requirements that US exporters not be given an unfair advantage in the world trade marketplace.H.R. 4986, the FSC Repeal and Extraterritorial Act, was passed in Congress and signed last week in an attempt to catch up with the November 1 deadline for U.S. action on the issue. The European Union had previously asked the WTO to impose sanctions on U.S. exports if new legislation was not in place by November 17.

8 Steps to Implementing Change and Changing Your Organization

8 Steps to Implementing Change and Changing Your OrganizationThis AccountingWEB workshop was presented by: Jennifer Dayce and Brooks Parker, Professional Development Consultants from Results Accountants' SystemsWorkshop sponsored by: Arthur Andersen

Race to the White House: Cheney Hospitalized for Chest Pains

The news broke this morning that Vice Presidential candidate Dick Cheney complained of chest pains and was rushed to George Washington University Hospital. After several tests, however, his physicians assured him and the rest of the world that he did not suffer a heart attack.Governor George W. Bush knew of Cheney's history of heart problems when he selected him as his running mate.
Community News

Colleges Compete for Andersen Tax Challenge

The best and the brightest college students competed for top honors in the 2000 Arthur Andersen Tax Challenge® National competition, held Nov. 17-19 at its training facilities in St. Charles, Ill.Both graduate and undergraduate teams qualified as winners, and this year's awards went to the College of William and Mary (undergraduate) and the University of Denver (graduate). Students solved real-life tax problems using a team approach that tested knowledge of the law and analytical abilities.A $20,000 donation from the Andersen Foundation was given for first place.

International E-Commerce can be Difficult

Although the Internet has spawned tens of thousands of stories praising how it helps increase B2B (Business to Business) commerce, having a Web site to conduct e-commerce initiatives may not be enough to truly compete on an international level.While a Web site can serve as an online brochure, setting up systems to work in foreign countries may be more difficult than it seems. As a result, U.S.-based sites are finding themselves setting up additional sites just to handle business in various countries.

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