'Value' of Dotcoms Complicated

Performing a valuation of a brick-and-mortar business is often a complex engagement given the historical financials that must be reviewed along with other assessments. Do the same rules apply for the dotcoms of the world?Hardly.

Orrtax Takes Over TaxSaver from Microsoft

More news to report on Microsoft's transition for its TaxSaver product.AccountingWeb reported a story late last week that Microsoft had ceased offering its TaxSaver software and signed a deal with H&R Block.Now, according to published reports, Orrtax will pick up the ball for Microsoft.

PWC Says 'No' to SEC Big Brother Campaign

PricewaterhouseCoopers has said this week that the firm definitely would not participate in a bid process identifying firms that could help the Securities and Exchange Commission monitor Web sites.PWC said the SEC's online version of 'wire tapping' might invade the privacy of otherwise innocent people. The accounting firm, along with more than 100 other companies, were invited in January to submit a bid on an automatic surveillance system.The SEC is collecting data from online chat rooms, Web sites and forums to identify potential fraud schemes.

Big 5 Consultants Form e-Commerce Security Company

With only 2,000 certified security professionals worldwide, a new company stands to make a big splash. Six consultants from Ernst & Young, PricewaterhouseCoopers and KPMG just left the security of the Big 5 landscape to form their new company, Foundstone Inc. The company will provide security solutions for companies and plans to address the severe shortage of security experts available today.The founding white hat experts plan to reduce the chasm between e-Commerce and security.

Differentiation: A Key To Success - with Suzanne Lowe

Suzanne LoweExpertise MarketingSession Moderator: Suzanne Lowe is the president of Expertise Marketing, a business dedicated to providing marketing and management counsel to the leadership of service firms, especially those in professional services throughout the US and Canada.Clients work with Expertise Marketing to identify, package and build their unique intellectual capital.

Email Schemes Continue - Be Aware!

Email has brought tremendous changes to the way we communicate, conduct business and stay in touch. Perhaps more than any other profession, marketers rely on electronic communications to sell a variety of products and services, and to keep an ever-watchful eye on the 'next big trend.'It's here, and it's called 'Tell-a-Friend,' an email feature to encourage recipients to open the piece of mail and read its contents.

Horizontal Organization Creator Joins Deloitte & Touche

The man who originated the concept of the horizontal organization has joined the Human Capital Advisory Services practice at Deloitte & Touche, LLP. Frank Ostroff is credited with what is arguably the first actionable alternative to the functional vertical hierarchy that has dominated business since the industrial revolution.Ostroff will lead the firm’s National Organization Design practice. His concepts have helped businesses dramatically improve performance along the dimensions of speed, customer satisfaction/responsiveness.

Texas CPAs Favor Non-CPA Ownership

In the future, the way in which CPAs practice accounting in Texas may be very different, as dramatic changes to the Texas Public Accountancy Act take shape.An overwhelming 79 percent of respondents in a new Texas Society of CPAs' poll favor non-CPA ownership.

TexSYS RD Changes Name To ePartners

Furthers e-Business Strategy with Acquisition of ThunderBolt Technologies Dallas, TX (March 27th, 2000) – Today TexSYS RD Corporation officially changed its name to ePartners, Incorporated™. The name ePartners more accurately reflects the company’s strategy as well as the solutions and services it delivers to middle market customers. The name also represents the fact that in today’s digital market place, middle market companies need a partner that can deliver the end-to-end solutions and services necessary to web-enable their businesses.
Community News

CPA/Client Confidentiality Preserved in Colorado

A few months ago, AccountingWEB followed with interest the question before the Colorado legislature about CPA-client privelege.

Michigan Association of CPAs Establishes Online University

The Michigan Association of Certified Public Accountants (MACPA) and the Michigan Virtual University (MVU) are betting that busy certified public accountants are ready to opt for online courses.The two organizations teamed up to offer an alternative to traditional continuing professional education. The two will develop a co-branded virtual accounting and business college. The groups will work with all of Michigan’s 15 public universities, 28 community colleges and 43 independent colleges and universities.

Cautious Times Loom for Public Companies

By now, it's old news that last week, MicroStrategy had to adjust its financial statements to conform to SEC guidelines on reporting revenue in the software industry. This is called a "restatement," and the measure effectively sent the company's stock tumbling over the news that it has not made as much money as previously reported.Experts and analysts have focused on how this one incident affects the rest of the software industry.

Gas-Tax Holiday Proposed

With gas prices rising to astronomical amounts across the country, the government has taken a good look at what it could do to appease the burden on Mr. and Mrs. Average America. The answer could be found in a gas-tax holiday that lasts mid-April to Dec.

Microsoft Ditches Tax Software

Microsoft has decided to suspend its TaxSaver preparation software only three months after the product was released.The software giant spent about two years developing TaxSaver as a product designed to compete with such household labels as Intuit.

Non-CPAs Join Illinois CPA Society

A real revolution is taking place within several of the nation's state CPA societies. The Illinois Society of CPAs has expanded its membership rules to admit non-CPAs as 'affiliate' members.By doing so, Illinois joins the California and New York State CPA Societies in their quest to seek non-CPAs as members.Why? Primarily to capitalize on the knowledge and potential non-CPAs bring to the table, according to Society officials.

CA Shortage Down Under

The United States isn't the only nation experiencing a shortage in accountants.

New Site Promises Hot Leads for Accounting Firms

Companies looking for just the right CPA or accountant may be turning to the Internet to find one. A new site allows companies to sign on and register themselves so accounting firms can call on them. For accounting firms, the promise is hot leads and low is a site geared toward uniting public accounting firms with prospective clients. Companies simply log on to list their companies and their accounting opportunity. Accounting firms then go there to find out how they can help the prospect with their accounting needs.

AccountingWEB Weekly News Wrap-up - Issue 35

The AccountingWEB Friday Wrap-Up Newswire - Issue 35March 24, 2000http://www.accountingweb.comIn the news this week:1. SEC, FASB Concerned About Dotcom Accounting Smoke & Mirrors2. Twice as Many Millionaires - Twice the Need For Good Advice3. Why Are CPAs Jumping Ship?4. School Benchmarking Now Offered By PricewaterhouseCoopers5.

Internet Tip: Control Your Modem Volume

If you don't like the screech of your dial-up modem as it connects, you may want to consider changing the volume, which can be done with just a few key strokes. In Windows, go to Start|Settings|ControlPanel|System|Device Manager, and select your modem from the Modems branch. Click Properties, select the Modem tab, and adjust the slider for speaker volume. Caution: Think twice about silencing it completely - it can be very reassuring to hear that screech and knowing that everything is working properly!

The Firm That Has No Meetings

Imagine it — a multi-partner firm with no partners' meetings.Some would say, "thank Goodness!


Already a member? log in here.