News

Technology

Anti-Virus Software 101

How long has it been since you've taken a look at your software to fight off any viruses? Then again, perhaps you don't have any software at all installed on your computer to take care of any nasty bugs!It's time to turn your attention to the subject even if you feel you are ready.

AccountingWEB Weekly News Wrap-Up - Issue 22

The AccountingWEB Friday Wrap-Up Newswire - Issue 22December 24, 1999http://www.accountingweb.comIn the headlines this week:1. Unlock The Secrets of Excel With This Tutorial - Download Now!2. E&Y To Pay $335 Million To Settle Lawsuit3. CPA-Client Privilege Being Challenged in Colorado4. Now's A Good Time To Review Your/Your Client's Overtime Policy5. The Process For Raising Capital Has Just Been Simplified6.

File 1099 Forms On-Line

Grand Rapids, MI--Greatland Corporation and Nelco announce a new service, CyFiler™, for the filing of 1099 information reporting forms over the Internet. The service allows any issuer of 1099 forms to complete them on-line at www.cyfiler.com. Forms are then electronically transmitted to the IRS by Greatland, who also mails a paper copy of each form to the payer and recipient. The CyFiler web site currently supports the electronic filing of forms 1099-MISC, 1099-DIV, 1099-INT, 1099-S, and 1099-A.
Tax

Help Ensure That Affected Clients Get IRS Y2K Relief

The official position of the IRS is that it wants every individual and business taxpayer to do what they need to do in order to avoid Y2K problems which will cause them an inability to comply with tax laws.But if legitimate issue arise, the IRS will waive penalties and interest.Immediately after the new year begins, you will be checking your critical systems and you should also be checking your clients critical systems.
A&A

Microsoft CFO Resigns to Join Start-Up

Popular Microsoft CFO, John Maffei, has resigned his postion to join a Vancouver, B.C. start-up called Worldwide Fiber, Inc., a company that manages fiber optic networks for its clients.Maffei will be replaced by John Connors, who has been with Microsoft for 11 years.Maffei leaves behind a legacy, known best to the media and shareholders, as a very conservative view of Microsoft revenues.
A&A

Sage Posts 60% Increase in FY Earnings

The parent company of Sage, makers of the line of popular accounting software like DacEasy, Acuity and BusinessWorks, has just announced a 60 percent increase in income over the previous fiscal year with revenues just shy of $500 million. The Sage Group's fiscal year-end was Sept.
Technology

Online Tax Prep Available To The Public For $7.50

While tax laws continue to get more complicated, the process to complete and file a tax return is getting easier and easier.A new online service, www.completetax.com is offering taxpayers a fully integrated, interactive and customized tax processing service for just $7.50. CompleteTax offers full service "print-your-own" or electronic filing options (federal and twenty six states), and provides taxpayers with a mechanism to track refunds of electronically filed returns.

Israeli CPA Institute Opposes Reciprocity

Tony Hillman, president of the Israeli Institute of CPAs (ICPAI), informed attendees at the group's Jerusalem meeting, that the ICPAI would most likely oppose any reciprocity allowing accountants outside of Israel to practice within the state.The opposed statement will be given, Hillman said, to the International Federation of Accountants (IFAC), calling for the "wholesale opening up of the world accountancy market."The IFAC asked member Institutes like ICPAI to present their official positions.

"Any Report You Want" - David Carter on Excel Pivot Tables

Excel expert David Carter recently conducted an online workshop with AccountingWEB's sister site in the United Kingdom on using Pivot tables in Excel. The tutorial he provided has turned out to be THE most read feature of the year in AccountingWEB, and we thought we'd bring it to this side of the Atlantic so CPAs across North America can benefit from this tutorial as well.

Excel Tip: Budgeting With The Pivot Table

This is one in a series of Excel Pivot Table Tutorials developed by AccountingWEB software consultant David Carter.
Technology

Excel Tip: Secrets Revealed in Pivot Table Tutorial

Consultant David Carter has created an exclusive tutorial for AccountingWEB showing how Excel pivot tables can be used to create budgets.The tutorials are a new breakthrough in online learning on AccountingWEB and can be downloaded here to let users work through them at their own pace.To launch his series of pivot table tutorials, David Carter discussed in a recent workshop how pivot tables applied to all manner of financial reporting tasks
Practice Management

Four Easy Steps to Better Firm/Company Newsletters

How long has it been since you've taken a good look at your firm or company newsletter? Even if you don't write it in-house and buy it from a trusted source, you'll want to make sure your newsletter is a good reflection of your firm or company and truly maintains a long-lasting relationship with your clients and customers.First, set objectives for your newsletter - what are you trying to accomplish? Are you trying to improve networking, communicate information in print rather than in person or e-mail ... or something entirely different?

How to Pay Employees for Overtime

How familiar are you with the Fair Labor Standards Act (FLSA)?

Venture Capital Goes Business To Business

Construction contractors, bankers and financial services companies clamored to do business via the web direct with clients this year. Pension sites were the “first” of their kind in 1999. Now, a group of venture capitalists, Venture Catalyst Incorporated, has teamed up with a capital-matching firm for lending institutions and middle-market borrowers.
Community News

Deloitte Invests with Brilliant Media

The Big 5 firms have begun relationships with law firms in holding equity stakes to enhance each other's practices, so why should relationships with e-firms be any different? The recently announced Ernst & Young deal with Cap Gemini is evident of this growing trend.Now, the Management Solutions and Services practice in the San Francisco office of Deloitte & Touche just announced an investment in Brilliant Media, a Web design firm also based in the Bay city.
Community News

CPA-Client Privelege Being Challenged in Colorado

Should a state Board of Accountancy have the right to view client records without the clients permission?
A&A

Outsourcing Conference Ideal for CFOs and Financial Leaders

Creating solutions outside your company for integration with current processes is the basis of "outsourcing." Thanks to the push by companies across the globe to make the outsourcing more than just a trend, this business tool is as hot as its ever been.CFOs will want to take note of the next World Outsourcing Conference, Feb. 21-23, 2000 at the Disney World Yacht and Beach Club Resorts in Orlando, FL. This marks the third year in a row for the conference.Speakers from around the globe will speak to best practices and operational concerns.
Tax

CCH "Itemizes" Tax Changes

Most CPAs and accounting professionals can keep up with tax changes if they work within the tax arena, but what about those of us who don't?CCH has done a good job of detailing the changes in the tax laws for 2000 as they affect the typical taxpayer. And, most of the changes are to the taxpayer's benefit.Items mentioned include the change in the amount of the standard deduction, exemptions, Social Security adjustments, mileage amounts, IRA details and more.CCH also has its own Tax Web site.

Former AICPA Chair Named to Lancer Board

Olivia F. Kirtley, immediate past chair of the AICPA Board of Directors, has been named to the board of directors for the Lancer Corporation, a manufacturer of beverage dispensing equipment.Kirtley finished her AICPA term in October 1999 when the chair position was assumed by Robert Elliott. Among her distinctions as chair was her service as both the first woman and the first CPA in industry to hold the position.Kirtley is vice president of the Louisville, KY-based Vermont American Corporation, a company that manufacturers power tool accessories.
Community News

E&Y Settles Largest Suit Since Early '90s

Remember just a few years ago when some of the large accounting firms had to pay dearly for suits brought against them for savings & loan debacles? Hard to believe it was only the early '90s.Times have changed ... but perhaps they haven't in the minds of key offers at Ernst & Young.

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