News

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Directory of Vendors is Added

A new Directory of Vendors was added today, making it easy for suppliers and consumers of accounting-related products and services to come together in the AccountingWEB community. Vendors have full access to their record through an administrative edit. Contact detail listing is free, as is a static list of products. Vendors may describe their products and add additional product links for an annual fee of $150.

Counsel Spending Increases for Companies

A new survey by PricewaterhouseCoopers reports that spending for outside counsel to advise and represent corporate America rose slightly more than six percent during 1998 - the year the survey covered.PWC attributes this increase to a strong economy, and more mergers and acquisitions.
Technology

CPA Firms can Rely on "SAVE" to Advise E-tailers

Many CPAs have firms as clients who conduct business over the Internet, especially retailers and others fully engaged in E-Commerce, but how equipped are small- to medium-size CPA firms in helping their clients evaluate an online strategy?KPMG has developed its new SAVED!
Community News

Andersen Adopts New Business Strategy

Arthur Andersen today unveiled a new business strategy designed to pull clients into what the firm is calling the "new economy."The goal is to position clients for change as economies change and the business marketplace changes along with it.

E-commerce's Dirty Little Secret

A teenager stole an estimated 300,000 credit card numbers from CD Universe last year. You might think that this is an isolated case of a hacker with savvy skills cracking the code, but it’s not. A dirty little secret of e-commerce is that credit card numbers are stored in plain-text files by Web sites all over the Internet. If the credit-card data was stored by the Web site in plain text, anyone who gained access to the computer would be able to read the credit card numbers.

AccountingWEB Weekly News Wrap-up - Issue 26

The AccountingWEB Friday Wrap-Up Newswire - Issue 26January 21, 2000http://www.accountingweb.comIn the news this week:1. H.D. Vest Moves Ahead In The Race To Be "Better Than Free"2. Wackiest Tax Court Cases Of 19993. John Sharbaugh Named New Exec of the Texas CPA Society4. Want To Corner The Market in Online Tax Preparation Services?5. Big 5 Execs Continue To Be Lured To The Internet6.
Technology

Internet Tip: Check Your Computer's Security Vulnerability

Cyber-security is a big issue these days. But just how vulnerable is your computer to a possible security breach? Get a quick, free and easy security diagnostic through www.antionline.com by providing nothing more than an email address. One of their systems will scan your computer remotely, and report back any potential vulnerabilities and how to fix them. Hopefully your analysis will come back without too much to report!
Technology

Oregon Town Becomes a Dot-Com

It was only a matter of time.Individuals and businesses have been flocking to the Internet in record numbers over the past couple of years, so why not an entire town?Yesterday, the town of Halfway, Oregon officially changed it's name to Half.com, prompted by a successful lobbying effort by a dot-com company of the same name.Half.com, a business that sells half-priced books and movies over the Internet, approached the town leadership last month asking if they would be interested in changing the name of
Tax

E-filing Season Off To A Strong Start

The IRS reports that the fifteenth year of electronic tax filing is off to a strong start, recording a 27.7% increase in e-filing for this opening weekend of the tax season.The IRS expects one in four taxpayers will file electronically this year, representing over 33 million returns.

Chicago Board of Trade Proposes Split

Fearing a growing competitive threat from electronic trading systems, the Chicago Board of Trade voted yesterday to split the 150 year old exchange in two companies -- one that operates as a "traditional" exchange and one that operates exclusively as an electronic exchange.Both companies would provide a medium for the consumer to operate in a way that they are most comfortable.Open floor trading would continue in the traditional exhange, and would be run by a privately held for-profit corporation.The electronic trading company would be spun off into a

WebTrust Expands Into France

The American Institute of Certified Public Accountants (AICPA) has signed an agreement with Compagnie Nationale des Commissaires aux Comptes (CNCC) and with the Ordre des Experts Comptables (OEC) – both located in Paris – to offer CPA WebTrust in France.

G. Michael Crooch Appointed Member of FASB

Effective July 1, G. Michael Crooch a partner and director of the International Professional Standards Group at Arthur Andersen, will begin his five-year term as a member of the Financial Accounting Standards Board. "We are pleased to have a person of such stature as Mike Crooch agree to serve on the FASB," said Manuel H. Johnson, chairman and president of the Foundation.

Intranet Costs – Is Net-based better?

You’ve decided you want an intranet, but now you aren’t sure which way you should go – keep it on the inside of your organization or put it out on the Net. The benefits vary as do costs. If you keep it inside, obviously, your security is increased because hackers can’t get to it – your intranet is hidden inside your firm. Another factor is speed. Since your intranet runs on the same system that connects your computers, the speed is much faster than the Internet. Training isn’t a factor, either, because an intranet uses a browser that your employees most likely know already.
Community News

Leading Edge Alliance Adds Four New Firms

The Leading Edge Alliance, a network of premier independent CPA firms across the United States, announces the addition of four new member firms:The new firms are:Gifford, Hillegass & Ingwersen, P.C.

CCH's Annual List of Wacky Tax Court Cases

CONTACT: MARY DALE WALTERS 847-267-2038 mediahelp@cch.comFourth Annual List of Wacky Tax Court CasesVENTRILOQUIST, BEGGAR, SPY, BROTHEL VISITOR: IRS THREW THE BOOK AT THESE CHARACTERS, BUT A FEW FOUND A HAPPY ENDING IN COURT (RIVERWOODS, ILL., January 17, 2000) – The expression “truth is stranger than fiction” can usually be proved in court, according to CCH INCORPORATED (CCH), a leading provider of tax law information.
Technology

Just $260K to Corner The Market on Online Tax Prep

Is having the right domain name the key to success in online tax preparation?If you think the answer is "yes," and if you're willing to invest at least $260,000, then at this time next week you might be well on your way to cornering the market for online tax preparation services.How?The domain name WWW.TAXES.COM is being auctioned off this week by domain name broker GreatDomains.com.According to the promotion:"In the area of taxes, no other name confers the instant credibility and recognition rep
Technology

Free Online Tax Prep Now Available To Consumers

Financial broker H.D. Vest today announced a new service which offers US taxpayers free web-prepared e-filed tax returns, regardless of salary of form requirements.The new service, available at H. D. Vest Online, is expected to draw one million users in its first tax preparation season.

New Texas Society Executive Director Named

John Sharbaugh is the new CEO and executive director for the Texas Society of CPAs. He succeeds Don Weldon, who is retiring this year.Sharbaugh is known nationally for his support of the accounting profession as the current vice president of State Societies and Regulatory Affairs with AICPA in the Washington, D.C.
A&A

Tax-Saving Tactics for IRAs

Many CPAs and accounting professionals provide advice to clients on the virtues of investing in long-term IRAs. But how do you explain the tax ramifications for heirs to an estate in plain-speak?Some measures can be implemented to prevent Federal estate tax, and Federal and state income taxes from taking up to 75 percent of investments.

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