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Technology

Dot-coms Assist Minority Companies Get Connected

The Detroit News is reporting that two Detroit dot-coms are trying to help minority-owned companies do business on the World Wide Web. The U.S. Department of Commerce conducted a study last year and according to that study, minority-owned businesses lagged far behind when it comes to the Internet and e-commerce. The study also found that only 11 percent of black-owned companies conduct business over the Web while 13 percent of Hispanic companies engage in e-commerce.
Tax

New Retirement Distribution Rules Calculator Available On-line

Newkirk, a leading provider of financial communications, has introduced a new printed and online booklet summarizing the January 12, 2001, IRS changes to the required minimum distribution (RMD) rules for IRAs and qualified plans.The New Retirement Distribution Rules: What They Mean to You booklet is intended for use by financial service providers in communicating the RMD changes to their customers and in highlighting the related tax- and estate-planning opportunities. “The new RMD rules are a blessing to most IRA owners,” said Peter Newkirk, President of Newkirk.
Technology

Will That Be Cash, Charge -- or Palm?

A recent article in Business Week reports that Software from eWallet will let handheld users pay bills, track expenses, and even download discounts. Believe it or not!Say good-bye to over-stuffed wallets and bulging purses? If the vision of the creators catches on, say goodbye to those paper receipts. Visa, European credit-card-payment company Ingenico, and U.S. payment-provider Verifone are already being tested by 100 Spanish Palm users who frequent 10 Barcelona restaurants.
Community News

IBM Pulls Negative Ad on AICPA Request

An article on the New York Society of CPAs web site reported that IBM is pulling a recent CPA-attacking ad, according to a statement released January 25, by the AICPA. IBM had planned on running an ad with the headline "This Tax Season, Tell Your CPA to Hit the Road". The AICPA said that it communicated directly with IBM's corporate office and IBM agreed to pull the ad.It is reported that IBM will send a letter of apology to AICPA President Barry Melancon, said the AICPA.
Technology

Don't Dial 411 - Find Phone Numbers, Addresses On-line Quickly

The next time you need a phone number, address, directions or zip code for a client, business associate, or long-lost friend, don’t pay 75 cents or more for that information, just logon to 411.com or SwitchBoard.com and search for the information you need.You can search for names of individuals, or find businesses or business categories using the on-line yellow pages.

Overseas Investors Get Guidance from PwC's Opacity Index

PricewaterhouseCoopers has released the initial results of research prepared by a team of economists under the auspices of the PwC Endowment for the Study of Transparency and Sustainability.

Stock Exchanges Go Decimal Today

Effective today, fractions are no longer welcome on both the New York Stock Exchange and the American Stock Exchange. Both exchanges will trade all stocks in decimals, the last step in a government-mandated move that has been planned for three years. Close to 5,000 stocks were due to be switched when trading begun today. The switchover will not involve all U.S. stocks, at least not yet.
Community News

Developing a Business Plan for Success

If you're a self-employed accountant, you're doing your business a disservice if you haven't prepared a carefully thought-out and written business plan.Ugh, you're thinking. That's a lot of hard work, and I don't even know how to get started. Besides, my business has been rolling along fine without a hard-and-fast plan. The world's changing too fast anyway, right?
Tax

Tax Tip: Dependents

So your daughter is off to college and you're wondering if you can still claim her as a dependent? Well, a person who would be claimed as your dependent must meet five tests:Member of Household/Relationship Test -- the person must be a relative or live in your household all year Joint Return Test -- the person can't file a joint tax return with someone else unless it is only to claim a refund of tax withheld Citizenship Test -- the person must be: a U.S.

Take Charge of Overwhelming Projects

You know you need tackle that high-priority project, but you make a few phone calls, you sort through yesterday's mail, and before you know it, it's lunchtime. Even the most focused people tend to put off getting to work on overwhelming projects - maybe because of the size of the project, the complexity, difficulty - or all three. Get a clear picture of the entire project and prepare a step-by-step plan for completing it. When you think about doing something on the project, don't focus on the entire project, instead, focus on a quick five-minute task or a small work session.
Technology

Outlook Tip - Quickly Address Messages to Multiple Contacts

Preparing an e-mail message in Outlook that is addressed to multiple recipients can involve several steps: First, create your e-mail message; next, open your Address Book; and finally, add the recipients to the To line one a time. Here is a simple shortcut for addressing and sending an e-mail to multiple recipients:Click Contacts. Select the contacts you want to send a message to by clicking on the first contact, holding down the CTRL key, and then clicking the additional contacts to receive your message.
Tax

Tax Tip: Gambling Income and Expenses

Hit a big one lately? With more and more gambling establishments, the IRS reminds people that they must report all gambling winnings as income on their tax return.Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse and dog races and casinos, as well as the fair market value of prizes such as cars, houses, trips or other non-cash prizes.Generally, if you receive $600 or more in gambling winnings, the payer is required to issue you a Form W-2G.

CCH’s Fifth Annual Picks for Quirky Court Cases

CRIME, PUNISHMENT TAKE CENTER STAGE AS NEW CAST OF CHARACTERS CONFRONT THE IRS IN COURT
Tax

Small Biz Tax Relief: What's Cooking?

Self-employed individuals and small firms pay approximately $800 million in taxes that the federal government collects each year. Senator Christopher "Kit" Bond, Chairman of the Senate Committee on Small Business, wants to do something to relieve their tax burden.Bond today introduced the "Small Business Works Act of 2001," designed to complement the broad-based tax relief package proposed by President Bush."With an economy that appears to be slowing, small businesses are likely to be among the first affected.
Community News

Arthur Andersen: New Woes in Arizona

As if a series of pending lawsuits regarding a controversial audit of the Baptist Foundation of Arizona weren't enough to keep the sunbelt accountants busy, now it seems the Big Five firm of Arthur Andersen has been the subject of yet another investigation.Andersen's 1994 audit of home builder UDC Homes, Inc. produced a clean bill of health for the company's financial statements.

AccountingWEB Weekly News Wrap-up - Issue 79

The AccountingWEB Friday Wrap-Up Newswire - Issue 79January 26, 2001* * This week's newswire is sponsored by Macola * *FREE OFFERYour job can be overwhelming if you don't have the right software. Macola's Progression Series software provides an easy-to-use, low maintenance product set that satisfies the broad functional needs of small and medium size enterprises. Request a FREE Multimedia CD NOW! Call us at 800.486.0834 ext.
Technology

Free Accounting-Related Downloads on the Web

ASPs. Online Accounting. Web-based filing.

Worldwide Accounting Standards Gaining Momentum

A new International Accounting Standards Board was appointed today and charged with the task of tackling the tangled mess of different country-by-country accounting standards to devise a single set of accounting rules by which all of the world's nations and businesses can function.The group was named by the International Accounting Standards Committee, a group comprised of financial professionals from 14 countries and chaired by former Federal Reserve Chairman Paul Volcker.
Tax

Tax Tip: Record Keeping

You can avoid headaches at tax time by keeping track of your receipts and other records throughout the year. Good record keeping will help you remember the various transactions you made during the year, which may help you out on your taxes.Records help you document the deductions you've claimed on your return. You'll need this documentation should the IRS select your return for examination.

F9 Software in Accounting Today’s Top 100

Accounting Today has named Synex System’s F9 Financial Reporting software as one of the "Top 100 Software Products" for 2001.

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