News

Budget Surplus of $115 Billion Larger Than Expected

The 1999 fiscal-year budget surplus weighed in at $115 billion, much larger than the $99 billion surplus analysts predicted over the summer. The announcement was made by President Clinton on Monday.Clinton asked Republicans to band together with him to determine how best to use the surplus.
A&A

Help Available on Sec 529 Qualified State Tuition Programs

State sponsored college savings programs are becoming hot, and every large financial institution is trying to figure out how to get a piece of the action.These plans represent a revolutionary new way parents (and grandparents) invest for college tuition. These pre-paid tuition plans are state sponsored investment plans and are given special tax status by the IRS.A new website is available to help you advise your clients through the array of programs available today through Section 529 plans.
Practice Management

Financial Advisory Specialists - Take Note

An innovative two-day conference hosted by the Alliance of Merger and Acquisition Advisors (AMAA) and organized at the request of CPAs and other financial advisors and consultants who want to better serve the corporate financial advisory needs of private business owners will be held in Chicago November 4-5, 1999.The National Conference on Corporate Financial Advisory Services for CPAs is sponsored By:National Association of Certified Valuation Analysts (NACVA)and The Quantum Alliance Companies:-
Community News

MCI, Sprint Talk Merger

MCI, the nation’s second largest-, and Sprint, the nation’s third largest-long-distance carrier, are talking about a merger that would result in a mega long distance company. Though, it’s not a done deal by a long shot.Sprint is very attractive to MCI Worldcom because along with long distance, Sprint brings a wireless component to the deal.
Technology

Are Smart Cards, Er, Smart?

American Express is at the helm again. They are serving up smart cards to customers long before anyone else in the U.S. has even hopped on the bandwagon.What makes a smart card smart? Well, each card is loaded with a mini-microprocessor that allows the user to enter identification data for each transaction. It works similarly to a bank debit card where the user must enter a password.
Technology

Intuit CEO Resigns; Returns to Entrepreneur Role

Intuit has announced that CEO Bill Harris has resigned his position to pursue entrepreneur activities. Replacing him on an interim basis is chairman Bill Campbell.Harris is credited with developing and creating the company's Internet business as a hub for online financial services. Twenty percent of Intuit's revenues over the past six months were derived from the Internet.Harris has spent seven years with the company, beginning his role as executive vice president for the tax division in 1993, and progressed to CEO in 1998.
A&A

Technology Used by CPAs Affects Online Brokerage Industry

Data mining is one of the new buzzwords in the accounting and technology industry, perpetuated by the ability to drill down into spreadsheets and general ledgers to extract information. In fact, it was named one of the AICPA's Top Ten Technologies in 1998.The banking industry has used data mining as a means to track information on customers from data submitted by the customers themselves. Data is compiled in a computerized data warehouse for use in other areas.
Community News

Accounting Firms Consult to Verify Security of Web Sites

PricewaterhouseCoopers and Deloitte & Touche are two of several consultants who have lent their expertise in the Web site security arena and to the content of a report published by Plano, TX-based Entrust Technologies Inc. This is an issue CPAs should be knowledgeable about based on the CPA Vision vision statement and AICPA's WebTrust program.The
Practice Management

Never Make a Cold Call Again

Does this sound like a goal that’s too good to be true? It’s not, and you can make it part of your selling strategy. By learning the components of effective networking you can never make a cold call again. You also decrease the time it takes to close deals. The research on networking says that each person is connected through family, business or hobbies to a network of 250 people. Building your network should be your first priority, and here’s how to work the net.Where do I go? Networking opportunities abound. Begin with your neighbors and friends.
Technology

New Program Now Available To Help With Accounting Software

Firms looking to offer more software assistance now can partner with the leading PC-based accounting software company. Sage Software Inc. just launched the Sage Accountant Alliance (SAA) program to better serve the CPA community. Members of the new alliance will receive:- BusinessWorks and MAS 90 software- Discounts on training and other products and services offered by Sage- Software update newsletters- Access to the SAA web site- Toll-free telephone support servicesThe alliance should help CPAs better serve their clients.
A&A

Insurance is a Back Burner Issue for Home Businesses

Home businesses are here to stay, and the accounting profession is one of a number of service industries capitalizing on operating a business at home.CPAs and accounting professionals who operate from their homes, as well as those in a position to advise their clients on financial matters, should have enough insurance coverage to survive a natural or man-made disaster.Standard homeowners policies may not be adequate because they do not include provisions for business liabilities or business interruptions.

U.S. Senate: Y2K Will Not be Destructive to Nation

The Senate Special Committee on the Year 2000 Technology Problem has announced that it believes the Y2K bug will not be a nationwide crisis as first predicted.Still, the panel says that individuals may experience some mishaps, but major problems from computer errors are not likely to occur. Most susceptible to the Y2K bug are medical offices, schools, government services and small businesses.
Technology

Technology Tip: Better Method For Copying Disks

Did you ever want to copy one entire floppy or zip disk onto another, but were frustrated by having to load it onto the hard drive first and then retrieving it? To save the hard drive step, open Explorer (right mouse click) and highlight the drive you want to copy, then right click again and click on "Copy Disk." Simply click on Start and follow instructions. Midway through the process, you'll be prompted to insert the destination disk and then you'll be done. Voila! No hard drive copying!
Technology

Andersen Consulting CEO Shaheen Leaves To Join New Online Company

George T. Shaheen, a thirty year veteran of Arthur Andersen and CEO of Andersen Consulting since 1989, announced his retirement from the firm to join a new online grocery and drug megastore as President and CEO, effective immediately.The Webvan Group Inc. operates a fleet of vans to deliver a wide range of groceries ordered through its website. It currently operates exclusively in the San Francisco Bay area. Webvan is backed by CBS Inc.

AccountingWEB Weekly News Wrap-up - Issue 10

==============================================================The AccountingWEB Newswire - Issue 10September 23, 1999http://www.accountingweb.com============================================================== From the Editor: Is it my imagination, or has the concept of client service completely gone to the dogs in the last few years?
Practice Management

Program To Certify Bookkeepers Now Available

Bookkeepers who want to beef up their resume with certification can stop searching for the vehicle to do it. Sylvan Prometric, the global leader in computer-based testing, has teamed with The American Institute of Professional Bookkeepers (AIPB) to offer the first test that offers certification for bookkeepers.The test, dubbed the Certified Bookkeeper (CB) Examination, tests accounting, tax and payroll skills.
Community News

And Then Some

Does your firm consistently score high marks for client service? It’s that little “and then some” that clients really get hooked on. Experts say that clients come back for the “little things” companies do for them, but that clients will rarely tell you about the “little things” that drive them out the door. For example, if your receptionist is rude, that comment is not likely to show up on a client survey; however, it may cost you a client over an extended amount of time. Statistics show that you have about a 25% chance of a client complaining to you.
Technology

Free E-Mail Service Creates Security Scare

Could you have a Web-mail account and not know it?
Technology

Electronic Signatures and Records Gain Validity

Electronic signatures and records are now valid according to the Uniform Electronic Transactions Act (UETA). The UETA was approved at the recent National Conference of Commissioners on Uniform State Laws (NCCUSL), and will go into effect January 1. But don't give up manually signing your name just yet.
A&A

New SBA Guide Takes an Inside Look at the Lending Process

Most small business owners have learned from experience that obtaining business loans is no simple task. Small business banking veteran Charles Green has worked to separate the mystique from the lending process in his recently published Small Business Association (SBA) Loan Book.

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