News

Women Entrepreneurs Programmed Differently Than Men

Face it: men don't like to ask for directions.
A&A

Intuit Brings One-Stop Portal for Personal Finances

Popular financial software vendor Intuit is making banking online a real no-brainer.
Practice

The Ultimate Price War - Free Tax Return Preparation

The audit department has been dealing with it for years: deep discounts in the price of an audit in exchange for higher fees on the consulting side. Now the commoditization of tax return preparation -- already hammered by do-it-yourself software -- has reached the ultimate in price wars. Financial management company H D Vest announced that it will provide it's customers with free tax return preparation beginning this next season. The hook? More clients, more assets under management, more profits for HD Vest.Through the H.D.
Community News

Venture Capital Funding Hits The Accounting Market

A PricewaterhouseCoopers survey reports this week that $21 billion in venture capital funding was invested in US companies in the first nine months of this year. Here's the story of one accounting/bookkeeping company that snagged $12 million of it this week.Virtual Growth, Incorporated is a pioneer in providing outsourced bookkeeping and accounting services to fast growing small and medium sized businesses.
Community News

Deloitte Jumps on the Internet Bandwagon

Feeling the pressure of rival Big 5 firms who announced in recent weeks a move to more Web-based consulting services through new alliances and partnerships, Deloitte & Touche also have announced a migration to the Internet.Deloitte will parter with US Interactive to provide high-tech services like Web design, Internet strategy and implementation services alongside the firm's already-established consulting practice.Source say Deloitte and US Interactive are working on their first project that will be announced in early 2000.
Community News

Making Partner at Andersen Will be Easier

In a concerted effort to retain talented staff, Andersen Consulting has announced that beginning next September, becoming a parter will become easier than under the current scenario.For example, managers will be voted directly into the partnership, and an associate partner title will be available to employees who do not want to become a partner and take on the duties associated with the partner level.Also being changed, according to company sources, is the compensation system to personnel who normally would not qualify for extended benefits and profit-shar
Practice Management

Wow!

As the internal marketing director at my firm (yes, this is a real title), I’m always searching for fresh, hot ideas that will motivate and inspire. I talk to many accounting firms across the country and our conversations usually drift to “how can we keep our best people?” or “how can we have fun at our firm?”Enter Tom Peters. No matter what you think of him personally, this guy has some really cool ideas. I picked up his pocket booklet, The Work Matters at a recent Fast Company meeting.

It's a Wireless World at COMDEX

Wireless, wireless and more wireless were the buzzwords at COMDEX, the popular high-tech show in Las Vegas over the past few days.Innovations in wireless are everywhere, according to industry watchdogs, and will enable previously wired components like stereos, TVs and other devices to be entirely self-sufficient thanks to increased bandwidth and inventions from some of the industry's top technology producers.Also of note are Web filtering services that use artificial intelligence technology to keep, for example, employees from surfing the Web for personal use.

Yipinet Signs Four State Societies to Online Learning Programs

The online learning marketplace just got more competitive with four state CPA societies agreeing to partner with Yipinet, an Internet accounting education provider.The four states include the Georgia Society of CPAs, New York State Society of CPAs, the Society of Louisiana CPAs and the New Mexico Society of CPAs.
A&A

Fraud Gets the Better of American Companies

CPAs and accounting professionals familiar with the dramatic influx of fraud on today's business know how devastating this mishap can be, even on the very small company.Fraud isn't going away any time soon. In fact, fraud is adding up to more than $400 billion annually, and more often than not, involves the theft of money in some form or fashion.What can be done to limit fraud? Experts say background checks on personnel who come in direct contact with funds is a way to start. Also of paramount importance is tighter controls and increased oversight from the CPA and the company owner.

Fed Raises Short-Term Interest Rate

The Federal Reserve Bank announced Tuesday that it would raise the short-term interest rate by a quarter percentage point, marking the third time this year the Fed has raised the rate.The interest rate was raised by the Fed both to slow down the economy and curb inflation.Also raised was the Fed's "fund" rate, or the amount banks lend to one another.
Practice Management

The Training Game

When you were a little kid, your brain was like a sponge. It soaked up everything that spewed out of the teacher’s mouth. Well, you’ve grown up and now your brain is like the rest of your muscles – it needs a break in between periods of hard work. Learning is hard work for the adult mind, you know.Adults learn better in short, concentrated sessions followed by on-the-job practice where they can immediately put their new concepts to work.
Practice Management

Emotional Intelligence

Once upon a time good grades were all that counted. Times have changed. Ever wonder why that guy who dropped out of high school is at the helm of a multi-million dollar company while a certified “genius” mops floors at the local high school?
Practice Management

People Mean Business

The results are in. People management and development are the drivers of business success in the 90s. At The Institute of Personnel and Development’s (IPD) recent National Conference, the message is loud and clear: People Mean Business.IPD’s research indicates that the way people are managed and developed is the determining factor in sustainable success for companies today. The organization says that many companies tend not to incorporate people strategy within the business strategy. This could be a company’s fatal flaw.
Technology

U.S. a Step Behind in Mobile Connections

The United States is behind the mobile community in other parts of the world due to the lack of competition between companies controlling digital protocols.Using technology as the backbone, the Federal Communications Commission has issued more than 1,300 licenses for digital protocols in the U.S. Overseas, however, the landscape is very different because governments have agreed to just one system.In a practical sense, for example, using your mobile phone to peruse the Web to check news and other information, or making wireless calls between countries, is very routine overseas.
Technology

Gates Gives "Thumbs Up" at COMDEX

The latest and greatest from Microsoft chairman Bill Gates was announced on Sunday during the opening address at COMDEX '99 in Las Vegas at the Venetian Hotel.Gates told the audience that his company is very much devoted to continuing its vision in making the computer and Web interchangable and very personal in nature.

Let Me Show You What I’m Worth

We all want to keep our competition out of our business, but we need to do more than wish to make it happen. Showing what we’re worth and getting it is a process that can keep your competition out. It’s like buying “customer insurance.” (If only we could!) You make it harder for your competitor to steal your business by raising the value bar and documenting what you do.

Sales Tips That Work

Here are a few tips that really work!After you’ve presented your proposal, overcome all the objections, and discussed possible solutions, an easy and friendly way to help the prospect make the deal is to ask, “Where do we go from here?” This question is non-threatening and will prompt the prospect.State a time limit when you make an appointment with a prospect. If you tell the prospect that you only need 15 minutes of their time, be sure to leave after 12 minutes unless the prospect invites you to stay longer.

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.

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