News

The ABCs of CFPs and Other Planner Designations

Sometimes it's very confusing trying to figure out which of the financial planner designations make the most sense. Which one should the accounting professional pursue or, in many cases, recommend to clients to seek as a referral in other planners?The first hint is not to mix up professional associations with the credentials or designations.
Practice Management

Watch Your Fax Volume

Fax machines are great, but know the economics of sending many pages. Sometime it is less expensive to send multiple documents via overnight mail. Better yet, why not email a draft instead of faxing, you'll save ink toner, paper and you'll show some respect for the environment too.
A&A

RIA Issues Year-end tax Tips

Popular tax information source Research Institute of America has announced the release of its annual year-end tax cutting tips."Tax Saving Moves for the Rest of '99" is designed to assist taxpayers to take the initiative before the end of 1999 to maximize tax savings.Even though this year did not involve any significant tax legislation, RIA advises that 1999 is the last year that five-year income averaging can be used to compute the income taxes due on lump-sum distributions from a qualified employer plan.In addition, the IRS has just extended the

KPMG Develops "c-business" Activities Through New Partnership

Big Five firm KPMG has announced a new partnership with California-based Intraspect Software, Inc. to provide and resell knowledge management services.Intraspect is a provider of "c-business" (collaborative-business) solutions in Web-based collaboration tools, and will work with KPMG to help market the Intraspect Knowledge Server, along with other services to help the business community.The new venture is part of KPMG's overall business strategy in delivering online solutions to its client base.

New WebTrust-ISP Certification Available

The AICPA has announced another phase for its WebTrust program with a new verification service designed soley for Internet Service Providers (ISPs). Also released was WebTrust 2.0, the follow-up program to the original WebTrust package.The new program for ISPs is similar in format to the original WebTrust, but intended specifically for online hosts.
Technology

Internet Tip: Got A Number, Need A Name

You may, on occasion, find a need for a "reverse" telephone lookup -- ie. you have a phone number, and want to know the name and address of the person at that number. Try Infospace Reverse Lookup at http://www.infospace.com/_1_169174148_info/reverse.htm.No reverse lookup system is completely accurate, and the data is updated every few months so if it's a new number you may not be completely successful.
Technology

Internet Market Looking For Strategists

The Internet economy is worth $507 billion. This Internet explosion has numerous corporations seeking, at a record rate, consulting firms to help them plan and implement e-business strategies.Consulting firms eager to cash in on the boom are quickly morphing themselves into "technically enlighted strategists." They are doing this to set themselves apart from the many boutique firms that have popped up in response to the e-commerce Web mania.U.S. Internet consulting services are expected to top $710 million for 1999 and could grow to $4.38 billion in 2003.

AccountingWEB Weekly News Wrap-up - Issue 17

The AccountingWEB Friday Wrap-Up Newswire - Issue 17 November 12, 1999 http://www.accountingweb.comIn the headlines this week:1. Centerprise Gets SEC Approval Then Withdraws IPO Bid2. PWC Signs $1 Billion Outsourcing Deal3. Roth IRA Conversion Deadline Extended by IRS4. AICPA Creates New Information Technology Accreditation5. IRS to Show Leniency Towards Y2K Related Business Snags6. Finding Clients To Die For 7.

New IT Accredtiation Announced by AICPA

CPAs involved in technology will want to take notice to the recent announcement made by AICPA on a new accreditation just for professionals involved in technology, strategic planning, implementation, management and business strategies.A point system for the accreditation is structured to allow veteran IT professionals, as well as novices, into the realm of reaching the mark.The accreditation also speaks to the services and competencies outlined with the new CPA Vision.

P is for Personality - What's Yours?

What personality do you fit? A new study conducted by Pitney Bowes classifies business leaders and owners into five distinct categories."Idealists" truly live by their business, but are not fond of the details in running the business.
A&A

Microloans are New Alternatives for Small Business Loans

Entrepreneurs come in all shapes and sizes, from the small shop owner on the corner to the multi-million dollar super player. Finally, an organization called the Association for Enterprise Opportunity is watching out for the small shop owner and a lot more people with good ideas who are having trouble finding capital.A trade association, AEO is a clearinghouse for more than 400 organizations who make "microloans," or loans valued less than $25,000. The average loan is about $12,000.AEO requires its recipients to educate themselves on business practices in order to qualify for loans.
Community News

"Accounting Outsourcing" Has Just Been Redefined

PricewaterhouseCoopers and BP Amoco announced this week a 10 year outsourcing contract transferring much of the energy giant's back office and accounting work to PWC.
Community News

Centerprise Withdraws IPO Bid

Two weeks ago, CPA firm roll-up-wanna-be Centerprise Advisors LLC got approval from the SEC to start determining investor interest in a planned IPO. This Monday, Centerprise received regulatory approval from the SEC to begin trading on Tuesday morning.
Practice Management

Empower Your Employees

The other day, I called AT&T to tell them I had an error on my bill. The service rep told me she couldn't reverse the charge due to the billing cycle but she would be happy to give me an hour of free long distance for the next 6 months. I thought this was interesting for two reasons. First, it was nice that she could make a decision and take care of my issue without transferring me around the world and second, I ended the conversation with a feeling that I got something "extra." Would you ever consider giving your employees the same power to resolve a client issue?

A Recruiter’s Dream

Time constraints can make or break you in recruiting. Nothing is worse than sifting through resumes for hours just to lose a great prospect to another firm. Now, there’s a solution. HireSystems, the service leader in hiring management solutions, helps companies quickly and effectively sort through resumes.HireSystems allows recruiters to focus more attention on individuals and relationships and less on mounds of paper. An organization can get custom-built software in just a few days.
Practice

The Right Client

You know who they are. They pay on time. They aren’t a hassle. You don’t want to hide under the desk when they call. They pay you for your time and don’t squabble about the fee (most of the time). They are called “A” clients.Do you know who your “A” clients are? Are you providing them with superior service and adding that little “extra” that will keep them coming back to you (for computer services, consulting and every other product you sell)? If you aren’t throwing added-value services their direction, it may be because you spend too much time with marginal clients.
Technology

Will Internet Purchases be tax Free?

The tide may be turning towards a tax-free Internet purchase zone if Virginia Governor James S. Gilmore III has his way. As head of the Advisory Commission on Electronic Commerce, Gilmore has recommended, among other provisions, that levying taxes on virtual purchases would discourage the future of e-commerce.His suggestions also include repealing a federal excise tax on local and long-distance telephone service, and for states to be free to spend welfare money on computers and Internet access for poor people.

ASP Market Crowds Up; Partnering With Deloitte

The red-hot ASP or Application Service Provider market just heated up once again with a new contender. Designed to target small- and mid-size businesses, AristaSoft has announced it will begin offering rentable applications to J.D.

Computer Associates Execs Must Pay Back Stock

Three top executives with Computer Associates, the popular maker of Accpac and other software products, have been ordered by a Deleware judge to return half of more than $1 billion in stock because the court ruled the executives improperly received the stock in 1998.The returned stock totals 9.5 million in shares, and represents part of a 20.25 million share grant made to the three executives based on a compensation package approved by shareholders in 1995.Computer Associates' attorneys said the company will review the ruling and make a decision whether t

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