News

New Mexico CPA Society Awards Scholarships

Accounting students attending New Mexico colleges and universities have been awarded a collective total of $42,000 in scholarships by the New Mexico Society of CPAs.The gifts also mark the largest amount ever given in student scholarships by the state CPA society.Colleges attended by students include the University of New Mexico, New Mexico State University, Eastern New Mexico University, New Mexico Highlands University and Western New Mexico University.Named scholarhips from the CPA society include the J.

New Federal Payroll Guide from CCH Simplifies Complex Wage, Tax Issues

NEW FEDERAL PAYROLL GUIDE FROM CCH SIMPLIFIES COMPLEX WAGE, TAX ISSUES (RIVERWOODS, Ill. October 20, 1999) – With employers today using a wide range of creative compensation arrangements and benefits as recruiting and retention tools, payroll professionals are faced with an increasingly intricate web of reporting and filing requirements under federal and state tax and employment laws and regulations.

Top Earners will Pay More in Social Security Taxes in 2000

FOR TOP EARNERS, PAYROLL TAX TAKES BIGGER BITE NEXT YEAR(RIVERWOODS, ILL., October 20, 1999) – If you are a highly paid wage earner, your taxes just went up by $223.20 for 2000, according to CCH INCORPORATED (CCH), a leading provider of payroll, benefits and tax law information and software. This is the result of a projected increase in the wage base on which Social Security taxes are due, from $72, 600 in 1999 to $76,200 in 2000. CCH’s Payroll Management Guide is reporting the increase based on figures released by the Labor Department and the Social Security Administration.

Social Security Benefits Up Again

Update From CCH INCORPORATEDSOCIAL SECURITY BENEFITS UP AGAIN IN 2000(RIVERWOODS, ILL., October 20, 1999) – Social Security beneficiaries will see a larger annual increase in their benefits next year than they have in recent years, according to CCH INCORPORATED (CCH), a leading provider of pension, benefits and tax law information and software. As a result of inflation, the annual increase will be 2.4 percent according to Avram Sacks, JD, CCH Social Security analyst, based on cost-of-living figures released by the Labor Department and the Social Security Administration.

NetSonic

Unless you have a T-1 connection, chances are you sit in front of your computer waiting for images to download on site after site as you surf the Web. I’ve noticed that during heavy traffic times this “wait” can be agonizingly long. You can do what I do to make the most of this time – read business literature in the never ending “to read” file – or you can download a free software that will cut your web browse time.NetSonic from Web 3000, Inc.

AICPA Names Chair

Robert K. Elliott, a partner with KPMG, LLP, today becomes the Chair for the American Institute of Certified Public Accountants (AICPA). Elliott succeeds Olivia Kirtley.As head of an organization comprised of more than 330,000 CPAs, one goal Elliott will focus on is to help CPAs use technology to deliver new services to clients.

Managing Organizational Change

If you’ve been making changes in your firm to keep up with accounting industry changes, you might learn a lesson from the study recently conducted by The Gallup Organization. The study was commissioned by Carlson Marketing Group (CMG), a world leader in relationship marketing.CMG wanted to find the rate of occurrence for major organizational change and then look at what employers can do to help workers adjust to these changes.

Schwab Launches New 401(k) Web Site

Charles Schwab Retirement Plan Services just announced a newly redesigned web site that will integrate the company’s 401(k) site, SchwabPlan, and the company’s site for individual investors, Schwab.com.The redesign focused on delivering investor tools to its 401(k) participants and adding customizable advice so participants can be sure they are on the right track with their retirement goals. Schwab’s technology offering has helped their participants become more informed – and active – investors.
Practice

Customer Service is a Core Value, not a Core Chore

Take Marketing 101 and the textbook will tell you that good customer service is one of the primary components of any operation, but what about customer service within CPA firms or CPA-owned businesses?It shouldn't be any different.
A&A

Institute of Management Accountants Issues Warning to Merrill Lynch and Others on CFM Designation

The 75,000-member Institute of Management Accountants (IMA) has issued a stern warning to Merrill Lynch, the College for Financial Planning and the Certified Financial Planner Board of Standards, for misusing the "CFM" designation and the words, "Certified in Financial Management."The IMA claims it has had jurisdiction over the designation since April 1994, and has used it in conjunction with the association's professional education and certification programs, offering it as a "license" to those who pass a rigorous exam process.Violations in
AccountingWEB Life

Bill More Hours in a Day With Time Management Skills

Finding it difficult to make it through just 24 hours in a day? You're not alone. More and more of us look for more hours in the day only to find that we are wasting time sweating the wrong stuff than spending our day doing something productively … like catching up on client or customer matters and billing more hours in the day.Here are a few tips that might help.

CFM Denied By CFP Board

The Certified Financial Planner Board of Standards (CFP Board) announced today that it has no plans now or in the future to begin using a CFM acronym.This announcement is in response to a nationally-distributed press release issued by the Institute of Management Accountants (IMA) that contained misleading statements about a ‘Certified in Financial Management’ (CFM) acronym.

Three Giants Combine To Offer Free E-Business Seminars

Deloitte & Touche, LLP, J.D. Edwards, and Sun Microsystems joined forces to offer free seminars that will educate attendees about cost-effective e-business strategies.
Technology

Use Computer Presentations Like A Pro

Remember slides? Those transparent things we used to use with an overhead for presentations? Chances are you can remember this kinder, gentler technology. Today, we live in an age of PowerPoint and computer projectors. Technology is a wonderful thing, but it must be respected. To make the most of it, use these simple tips.Keep It Simple. With the font libraries and color spectrums available today, you might be tempted to use a little of this or a little of that to “spice” up your presentation. Don’t. Use no more than six colors on each slide.
Technology

Run a Client Business Plan By This Expert System

Do you have clients who come to you with a business idea or a business plan and ask you to review it for feasibility? You can now get some additional expert feedback to blend with your own insight by logging on to http://www.businessinsight.org and quickly get a forecast of how the business may fare down the road.
Technology

Melissa Virus Still Infecting E-mail and Software

How long has it been since you've updated your anti-virus software?
Practice Management

Growth and Considerations for Office Space

Your business is growing and bursting at the seams: you've got employees stacked literally on top of each other and can't figure out what to do … ever thought about moving offices?The first step is to determine, of course, how much you can afford and how much space your really need. For example, you have to think beyond current boundaries and figure out how many offices, workstations, conference rooms and storerooms you'll need in a new arrangement.The bottom line, or cost, is probably the largest concern - as it should be.
Practice

CPA Firm/Company Retreats are Productive Ways to Regroup

Remember the firm or company retreat of days gone by where everyone felt as if they had to participate or face a pink slip? Gone are the days of this mindset as companies across the globe have discovered the inherent benefits to the company retreat - a journey that mixes practical activities with long-term success.The retreat can be held anywhere and can be kept inexpensive. From posh Caribbean resorts to something as simple as the club room at a local restaurant, the trick is to keep it manageable.
A&A

Dueling Internet 401(k) Providers

It’s funny how things work. One company believes they are the “first” to roll out a new Internet idea and, well, then so does another. The latest Internet offering is 401(k) plans via the Internet. Could this be competition for your firm’s pension plan administration niche?Two companies have rolled out their versions of 401(k) internet sites. I’m not sure which came “first.” However, Fidelity Investments, the nation’s largest provider of 401(k) plans says they did.

Quick Tips For Busy Professionals

Save $$$ On Hotel Long Distance. If you need to make several long distance calls when you get to your hotel, simply push the # key after each long distance call to disconnect. This keeps the hotel from charging you a connect fee for each long distance call.Make Business Luncheons Count. When you plan your next business luncheon, consider switching to a business breakfast instead.

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