News

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

Getting The Media To Work For You -- With Scott Cytron

Scott H. Cytroncytron@onramp.net5924 Royal LaneSuite 258Dallas TX 75230(214) 739-3060In addition to the transcript of the session below, you can download a sample pitch letter that Scott provided for working with the media.Michael Platt: I want to thank everyone for joining us here this afternoon. We are fortunate to be joined today by Scott H.

There's More to Online Learning Than Just Accounting

The online continuing education revolution is here BIG TIME. While there are many outlets over the Internet for the CPA to receive his or her CPE credits, the wired world also has paved the way for learning outside of the accounting arena for those who wish to enrich their knowledge.Let's talk time. The most popular reason we surf the Internet to take what is known as the "e-class" is a time famine in not being able to attend classes in person.
Tax

IRS Turns the Other Cheek for Y2K Filing Delays

Once again, the kindler, gentler IRS is showing its colors. A statement issued by Commissioner Charles Rossotti said the IRS will be somewhat forgiving on taxpayer business filings based on potential Y2K mishaps that hamper the filing of taxes.Based on companies facing stricter and more timely deadlines, the Service is focusing its attention on businesses instead of individuals.
Tax

Roth IRA Conversion Deadline Extended by IRS

CPAs should be advised that any taxpayer who mistakenly converted a traditional IRA to a Roth IRA last year, but later found out they were ineligible for the Roth, have until the end of 1999 to change their Roth IRA contributions or conversions back to traditional IRAs.The original IRS filing deadline, known as recharacterizations, was October 15.
Practice Management

Consider Prepaid Calling Cards Instead of Telephone Credit Cards

Give employees prepaid calling cards to use when they are away on business instead of company telephone cards. You will save money by eliminating per-call charges, and eliminate the risk of fraud if a card is lost or stolen.
Technology

Registering Domains Heats Up

Early Internet adopters remember when registering domain names was EASY and the cost was FREE.Just a few years later, the Web invaded our lives like gangbusters, and registering a domain cost money. Still, there was only one place to register at the government-approved company known as Network Solutions.There is good news in the fact that $70 still is the going rate for an annual fee, but times have changed. Network Solutions needed help and the government finally granted other organizations the same rights as the original provider had.
Practice Management

Effective Meetings 101: Quiz Brings Results

How many boring, unproductive meetings have you sat through lately? If you're like most of us, you can't even begin to count how many times you've walked out of a meeting thinking about how much time you wasted.Face-to-face meetings are still the preferred method of communications by 44 percent of those surveyed in a recent poll conducted by staffing service Office Team.

CPA or Broker: Where to Draw the Line

The ability to accept commissions is nothing new for the accounting profession. For many years, CPAs have accepted commissions as part of their line of services in brokering securities, insurance and other savings instruments--in harmony with their own accounting services.Where to draw the line and make the distinction for the public is another matter altogether. There is a substantial gray area involved.

Permission Marketing

As a marketing director, I’ve been practicing “permission marketing” for years now. I just didn’t have a name for it. Enter Seth Godin, author of Permission Marketing and vice president of direct marketing for Yahoo!. While I thought I was being polite, what I was really doing was asking my prospects for permission to market to them (I’ve never been the pushy type).

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