News

A&A

Find out What You're Worth ($) at new Web site

How much should you get paid? Is the guy or gal in the next office making more than you are?Anyone can achieve leverage by discovering what they're really worth, and a new Web site called Salary.com makes the process a snap.

Senate Finance Committee votes 'Yes' to Retirement Legislation

The Senate Finance Committee has unanimously voted to increase opportunities for individuals contributing to retirement savings. So what does this mean for retirement planning? Contributions into IRAs would increase from $2,000 to $5,000 while 401(k) contributions will increase from the current maximum of $10,500 to $15,000. Small businesses will find it easier to offer employee pension plans and workers over 50 will be able to increase contributions to make up for the inability to do so earlier.

Spotlight on Frank Minter

AccountingWEB ProfileFrank Minter, CPAPresident, IMAExecutive in Residence, Samford UniversityAn Issues-Oriented Approach Leads to Industrious Plans for the IMAFrank Minter does not mince words, and he doesn't pause to choose the words when it comes to dealing with tough issues – topics that can literally make or break the Institute of Management Accountants during his

Excel Tip: Change Formula to Actual Value

Is your formula your private property? Are there times when you provide spreadsheets for others to view but you don't want to display the underlying calculations? Once you've created a worksheet and performed all the calculations, you can switch the calculations to the calculated values so only the final numbers appear, both in the work area of spreadsheet and in the formula bar at the top of the spreadsheet.Change the contents of a cell or group of adjacent cells from formula to value by following these steps:1.
Technology

In-Flight E-mail – Almost Ready for Take-off

Several airplane companies, including Boeing, have started making test runs on successfully sending e-mail from the air. So far the tests have worked. The next hurdle to cross is what kinds of packages to offer and how much money to invest in the prospect.In-flight packages proposed by at least ten companies are currently being considered.
Tax

Another Tax Bill Bites the Dust

House Democrats sided with President Clinton Wednesday in failing to override Clinton’s veto of the marriage tax penalty. The vote was 270-158 meaning the override vote failed by only 16 votes of the required two-thirds majority necessary for the veto override. Forty-nine Democrats voted with the Republican majority to override the veto and 157 Democrats voted with the President.House Majority Leader Dick Armey spoke out after the vote, saying, “Americans understand it is wrong to tax marriage.
Community News

SEC's Auditor Guidelines - What all the Fuss is About

Are you still confused about all the news of the SEC proposed changes to the auditor independence requirements?

TV CPAs – A New Breed!

Now the approximately 90% of CPA exam-takers who traditionally do not pass the exam on the first go-round will have a new opportunity for study aides. Yaeger, Inc., a provider of CPA exam review material has teamed with TVWorldwide.com to launch a new web TV channel geared to the accounting profession. The thrust of the channel is to deliver Yaeger’s CPA review material in a new, easy-to-reach format.
A&A

Fall Airline Fares Slashed Dramatically

In the wake of this summer's United Airlines' debacle of cancelled flights, delays and labor shortage, the world's largest airline has cut its fares by half for travel now through Dec. 14.As of Wednesday, at least seven other airlines matched United's fares.
Tax

Tax Survey Finds Confusion Across State Lines

It seems nothing is more complicated than our nation's tax system, especially from state to state.
Community News

SEC Gives Big Five One More Day

After complaints from members of the Big Five that their responses to the auditor independence issue have not been taken seriously, Arthur Levitt, chairman of the Securities & Exchange Commission, agreed to let them have their say. Leading the pack of vocal dissenters has been Stephen G.

The Tax People Cometh

A company called the Tax People claims that it has devised a way to help members receive the lowest tax payment possible. The key is in setting up a home business focused on selling the tax relief system to others. Because of the way the business is set up, the owner can then write off nearly any activity in which he participates. From buying groceries to attending church to taking a vacation, all these activities can be written off.
Community News

KPMG Chairman's Unspoken SEC Testimony

KPMG Chairman and CEO Stephen G. Butler was scheduled to testify at the crucial SEC auditor independence hearings today, but was irritated at the skimpy amount of time that was allotted to him (30 minutes, to be shared with five other speakers), and distressed that he was not given a requested morning time slot.Mr. Butler's testimony was delivered in printed form to the SEC, and KPMG provided AccountingWEB with a copy of that testimony.As an auditor with KPMG for more than 30 years, and now as the Chairman and CEO of the company, Mr.
Community News

McGladrey & Pullen Expands Into Five Major Markets

Through the acquisition of several firms across the United States, RSM McGladrey, Inc. and McGladrey & Pullen, LLP, has expanded its accounting and consulting practice into five new major markets, including Baltimore, Kansas City, Dallas, Philadelphia and Boston.The acquisitions also expand the firm's network in New York and Chicago, and with the other five major cities, adds 850 new employees, 12 offices and more than $90 million in annual revenues.McGladrey became a subsidiary of Kansas City-based

Recruiting For Your Bottom Line

"Recruiting For Your Bottom Line: How Recruiting is just as much about Marketing as it is about Human Resources," was the workshop presented Tuesday by Tina Kersen Ferguson, marketing/human resources consultant with the one80group from Dallas, Texas.Key points in the workshop included:The myth of 'the interview'Why your team has all the recruiting answers you needWhy a bad recruiting decision can be a blessing in disguiseHow your web site can recruit 24 hours a dayWhat you c
Practice Management

Can Farmers Really Be Great Clients?

The following is an editorial by Paul Dunn, co-founder of Results Accountants' Systems.As we look around the world at great accounting practices (what we’ve called "the Practices of the New Millennium") one constant theme is the selection of clients.It’s critical, we’re often told, to select clients who you like, clients who are profitable, clients who are open to suggestions, clients who are willing to listen and so on. And farmers feature infrequently in that list for many practices.
Community News

SHOWDOWN WITH THE SEC - September 2000 Hearings

SEC Issues Final Rules on Auditor IndependenceThe SEC voted unanimously to approve new guidelines for auditors. Four of the Big Five firms acquiesced in accepting the rules, KPMG being the hold out firm that still feels the rules are unnecessary.
Community News

KPMG Chief Withdraws from SEC Hearings

KPMG chief executive Stephen Butler pulled out of today's SEC hearings because of the lack of time allowed at the stand, according to the Financial Times.Butler was allotted just 30 minutes to give his opinion on the controversial proposals, and would have had to share that time with five others.
Community News

ICAEW President Gives International Outlook on SEC Audit Rules

Graham Ward, the President of the Institute of Chartered Accountants in England and Wales, is scheduled to appear before the Securities and Exchange Commission's hearings on auditor independence in New York at 4.30pm today.
Community News

Big News in Banking: Chase Merges With J.P. Morgan

This week marks an historic milestone in banking. Chase Manhattan Bank has agreed to buy J.P. Morgan for almost $40 billion in stock.The new company, which will be known as J.P. Morgan Chase, will have assets of $675 billion and will rank third as a financial services company following Citigroup Inc. and Bank of America Corp.The buyout is attributed to being able to combine attributes of both companies as they seek a larger piece of the pie.

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