News

Tax

Tax Timeline a Must-Read for Preparers

Fortune magazine has put together an insightful look at 75 years of Taxation with a new timeline.Beginning with the Revenue Act of 1926 and ending with Treasury Secretary Lawrence Summers' crackdown on corporate tax shelters in 2000, the timeline puts all taxation highlights in order and with brief descriptions.A chart of tax revenue collected also is included; in 1930, the figure was $3 million, compared to almost $2 billion in 2000!
Community News

Amazon Chooses Underdog for Credit Card Program

We all knew this was bound to happen sooner or later ... Amazon.com is getting into the credit card business with their own version of a branded affinity card.They have selected NextCard to handle the business.

Burning the Midnight Oil: Longer Work Hours

It's the way of the world.
Technology

Is Your Web Site Too Big?

The latest survey of web page size and load times conducted by ZDNet reveals that many webmasters still need to sign up for cyber-Weight Watchers!While many web pages have decreased in size over the past few years, the average web site is still much larger than it ideally should be. A study of 150 web sites calculated the median weight (the average number of kilobytes of data on a homepage) at 89KB. Experts recommend an optimum median weight of 60KB. Size determines how fast pages load into your browser's window.

Spotlight on Richard Oppenheim

AccountingWEB ProfileRichard Oppenheim, CPAFounder and CEOSysTrust Services Richard Oppenheim is a Renaissance Man who Continues to Pursue ChallengesThe Renaissance age was filled with intriguing geniuses who invented, painted, sculpted, achieved success, resurrected themselves from failure, and challenged the world around them.
Practice Management

40 Steps to Becoming a Trusted Advisor

David Maister, author of "The Trusted Advisor," joined AccountingWEB in an online workshop today for a unique perspective of what it takes to become a successful advisor in today's competition-rich professional world.

Top Books of the Top 100

Recently, Accounting Today announced its annual list of the 100 Most Influential People in Accounting for the year. While the list itself is impressive, we thought we'd bring to you the list of the top books that are shaping these top minds.You may find out more about these books by clicking on the cover, and yes, you can buy them right from your desktop!So here they are . .
Technology

EY's new Webcasts Target Entrepreneurs

A new effort by Ernst & Young to reach 35,000 entrepreneurs is designed to promote the firm's new 'Excelerate To Win' program.EY has partnered with various content providers to present a series of Webcasts called 'Winning Strategies for Fast-Paced Ventures.' The first broadcast, 'Protecting Your Intellectual Property' will be held Oct. 24 on the firm's Web site, with five more scheduled each Tuesday following the initial broadcast.The firm hopes this new strategic program will help businesses grow for the long term.

Becoming a Trusted Advisor, with David Maister

Becoming a Trusted AdvisorWorkshop presented by: David MaisterTuesday October 17, 2000Workshop sponsored by the International Group of Accounting FirmsMichael Platt: We are delighted to be joined today by David Maist

Bridge21 Announces Fall Seminar Dates

KC Truby, president of Bridge21, recently announced his firm’s fall seminar series. The four seminars will be held in San Francisco, Atlanta, Baltimore and Los Angeles. Bridge21, America’s largest trainer of accounting software, supports over 700 accountants in 115 offices nationwide.
Community News

Andersen to Construct Times Square Skyscraper

Amidst the hustle and bustle of a renewed New York City Times Square, Arthur Andersen, LLP has announced it will build a new office tower on Broadway, between 41st and 42nd Streets.Perhaps, though, the real news is that the tower competes directly with rival Ernst & Young, already under construction one block over at Seventh Ave. and 42nd Street.The deal for the new Andersen tower has yet to be finalized.
Technology

B2B Marketplaces Bring Frustrating ROI

Experts said the B2B (Business-to-Business) revolution was going to change the way companies integrated their services with one another. For the most part, the technology in place has done wonders in advancing the "integration" side, but how realistic have expectations been with regard to Return on Investment (ROI)?The most obvious use of B2B is to use it as a sales channel.

Why is Real Property tax Appeal so Important?

It’s a mystery why virtually every commercial property owner is not filing (or at least considering) a real property tax appeal. While there may be some nominal expenses involved in the bringing of such an appeal and an appeal must be carefully evaluated before it is initiated, the benefits significantly out weigh the risk. In states such as New York, the only consequence of a real property tax appeal is beneficial. Essentially, the only thing that can happen – even in those few cases where there is no merit – is that the appeal is either abandoned or withdrawn.
A&A

Refresher on Tax Deductions for Small Business

Most tax professionals advise their clients who own small businesses that they are much more likely to be audited by the Internal Revenue Service than anyone who is employed by another company.
Technology

TurboTax Announces Completely Automated Tax Return

The new Automated Tax Return from Intuit, maker of TurboTax, will electronically import information from the most common tax forms: W-2 (Wage and Tax Statement), 1099-INT (Interest Income), 1099-DIV (Dividend Income), and 1099B (Broker transactions). This information will be placed directly on the tax return without the preparer having to enter any information on the forms.Tax information will be provided by participating payroll and ebusiness services including Ceridian, Fidelity Investments, PeopleSoft, ProBusiness, Salomon Smith Barney, TD Waterhouse, T.
A&A

Chevron/Texaco Merger Requires Sell-off

The oil and energy industry was rocked with the news of the $100 billion merger between Chevron and Texaco.However, if the merger actually were to go through, analysts predict that Texaco will have to sell off its partnership with the Royal Dutch/Shell Group in the western United States before the deal can be finalized.Why?
Tax

Six Chicago Tax Preparers Charged With Fraud

Six tax preparers who live in and around Chicago were charged on Monday with tax fraud by the state of Illinois.Those charged include Renata Zaczek of Bridgeview; John De Helean, Danuta Dossou, Lope T. Hilado, Jaime Mireles and Ashim K. Roychowdhury of Chicago. Each was charged with one count of forgery. This felony is punishable by two to five years in prison and a $25,000 fine.The Illinois State Attorney General and State Revenue Director announced the charges, and said all six knowingly falsified tax returns with wrong figures as to total income.
Technology

Workers Do Benefit From The Web

A recent study found that employees who use the Internet during work are likely to be more productive, produce higher quality work, and be happier with their jobs. The results of this survey are based on feedback and responses from over 1000 employees.Below is an overview of the results of the survey:86% of employees said that using the Web has no negative effect on their jobs whatsoever.46% said that the Internet helps them be more productive and better informed. They gather information easier and more efficiently by using the Web.

Chairman of US Securities & Exchange Comission in NY

Arthur Levitt, Chairman of the U.S. Securities and Exchange Commission to speak at National Conference of CPA Practitioner's Event!Securities and Exchange Commission Chairman Arthur Levitt will speak on CPA independence and other issues before The National Conference of CPA Practitioners (NCCPAP) on Friday, October 20, 2000 @ 12:00 noon at The Inn at Great Neck in Great Neck, Long Island, NY.Contact Bill Corbett, Jr. at 516-775-0435 or 516-428-9327 for more information.

CPA Exam Shuts Out Indiana Accounting Students

A new rule that went into effect in Indiana this year requires CPA candidates to be graduates of colleges that hold special accounting accreditation.

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