News

Tax

IRS Unveils New Appeals Division

The IRS appeals division has gotten a facelift. As part of the complete IRS reorganization, the appeals division will now work more closely with the new IRS operating divisions and will arm appeals officers with greater settlement authority.National Appeals Chief Daniel Black is trying to organize as many as 300 officers who will be handling the onslaught of appeals that has been bottlenecking the Service since a 1998 ruling gave more taxpayers the right to a hearing before an appeals officer in certain collection actions.
Tax

Hello? IRS On the Line!

If you’ve never picked up the phone to hear the person at the other end identified as a representative of the IRS, you may not know what kind of a treat you are in for. But wait! Just because the IRS is on the line doesn’t mean you should go running for cover because your tax return is about to be examined. In this case, the kinder, gentler IRS is just being friendly.The IRS is about to conduct a telephone survey to determine the national comfort level with the process of electronically filed income tax returns.

Real-Life CE as a Benefit: Yoga Classes?

CPAs are going to continue going after CPE, but what about other types of training for themselves and their staffs?One of the newest trends taking place in the business marketplace is to find alternative continuing education opportunities ... getting away from the technical stuff and going after subjects that just feel good!Consider Yoga or exercise classes, for example, to boost employee morale. Community colleges are a prime source for solid continuing education in all interest areas. How about Spanish or other foreign language lessons?Get creative.

'Pay Envy' Leads to Hostile Work Environment

AccountingWEB has run several stories over the past few months on compensation methods, ways to hire and retain employees, and other facets of the HR process. Now, a story from USA Today goes into the psychological aspects of some new recruits being paid more than seasoned professionals.Known as 'Pay Envy,' workers in companies throughout N.
Technology

E&Y Adds to the Flock of Big 5 Start-Up Companies

The latest entry in the Big 5 divestitures arena comes to us from E&Y.
Technology

It's a PDA World: BYU e-Business School Goes Paperless

A pilot program at Brigham Young University's e-Business Center is supporting a paperless environment. The pilot kicked off this summer with one class testing the concept; the school hopes to expand the program this fall.Students use a PDA (Palm Pilot, for example) and laptop at their tools, and submit or retrieve class work totally over the Internet.
Tax

Businesses Will Save Billions by E-Filing Taxes

The IRS has established a goal of 80% for the amount of tax returns it hopes will be filed electronically by the year 2007.

Making Business Taxes less Taxing, with Lee Walthall

Presented by: Lee Walthall, Chairman and CEONationtax OnlineSession Moderator: Good afternoon, everyone!Lee Walthall is the Chairman and CEO for Birmingham, Alabama-based NationTax Online, the only company currently offering a completely Web-based solution for business tax preparation, filing and payment in multiple local, state and federal tax jurisdictions.
Tax

Free Tax Valuation e-Newsletter now Available

The Financial Valuation Group, a financial consulting firm specializing in business and intellectual property valuations, expert testimony and financial consulting, has created the Tax Valuation E-Flash, an electronic newsletter that delivers timely information on a variety of items related to valuation ramifications of tax cases.The free newsletter, available for subscription, includes abstracts of valuation related court
Technology

Outlook Tip: Create Backgrounds in Email Messages

If you use the HTML message format, you can use stationery to add a nice background to your messages.To do this, choose Tools/Options from the menu bar and click on the Mail Format tab. Make sure HTML is the selected mail format and, if necessary, deselect the Use Microsoft Word To Edit E-mail Messages check box.Then click the Stationary Picker button. In the Stationery Picker dialog box, select a stationery then click OK twice. Now create a new message and your stationery is changed to the one you selected.

Do Your Employees Understand Their Value?

When everyone in a company is running around trying their best to accomplish what’s expected of their individual job at that moment it’s easy for management to forget how important it is for staff to feel valued in what they do. If you didn’t understand exactly why it’s important for you to do what you do, would you care?Employees often shy away from responsibility, be it adding on additional facets to their job or fessing up to mistakes if they feel that what they do doesn’t really matter anyway. How to you help them understand this?

Trade Secrets Impede Trading Jobs

We all know that the competition is fierce out there in corporate America. So fierce that many companies are having their employees sign non-compete contracts as soon as they arrive. As an employee you need to make yourself completely clear of what the contract consists of and decide whether it’s for you. Make sure you are comfortable with the length of time you would have to wait before finding new work. You even need to find out if you can take your Rolodex.
A&A

'Super Stock Options' Attractive for Employer/Employee

The best of both worlds can be found in what it termed 'super stock options,' and legislation currently in the House of Representatives to approve such a measure.Super stock options are advantageous both for employer and employee. If it passes, employers can deduct the cost of the options when the employees exercise them.
Community News

Andersen Consulting-PwC Merger Rumors Quashed

Talk of a merger between PricewaterhouseCoopers and the newly-unwed Andersen Consulting has been roundly condemned by the consultancy firm.Consulting was not in merger talks with anyone, a spokesperson confirmed, after reports that the two were holding discussions.Now that Andersen Consulting is free of Arthur Andersen's grasp, the rumor mill has been grinding with a variety of predictions and fantasies.In London, the

Excel Tip: Automating the Presentation of a List

Are there lists that you need to enter over and over again in your Excel worksheets? For example, do you frequently prepare worksheets containing a list of the chart of accounts, your employees' names, your inventory parts, and so on? You might uncover an older worksheet file that contains the list, copy the original list and paste the list into your new file. Or perhaps you retype the list each time you need it to appear in your worksheet.Here's a quick and effective method for saving and recalling lists.
Technology

Chat the Friendly Skies

Companies such at Virgin Atlantic Airways and Boeing have been working diligently to create a flying experience that will allow passengers to conduct business as usual. Since having access to the Internet and a phone is such a huge part of doing business, mobile communication is their main focus.Virgin Atlantic Airways is positioning itself to be the first airline to allow passengers to receive phone calls in-flight on their own personal mobile phones.
Practice

Direct Mail that Grabs the Reader

The name junk mail is just that for a reason; because it’s junk. A company may have many wonderful things to inform you about but unless they grab you and give you a reason to read, you will find yourself dumping it without giving it a second glance. Don’t let this happen to your letter.Start by making sure you know your audience. Sometimes hitting the masses and hoping that your target it nestled somewhere within is not as effective as shaving down your list knowing full-well that these recipients are people who will be interested.

Beta Alpha Psi Gathering attracts Students & Faculty

Beta Alpha Psi's annual meeting featured opportunities for performing community service, attending meetings, getting to know students and faculty from other schools, visiting with exhibitors, and a chance to win $200 from AccountingWEB!The BAP meeting was attended by nearly 1,000 students, many of whom converged on Washington, D.C. on Thursday, August 10, for a day of community service.

Audit Woes at Long Beach Convention Bureau

While accounting problems continue to plague the Long Beach Convention and Visitors Bureau, the city auditor has decided to work with the Bureau's Audit Oversight committee to rectify the problem.Earlier this summer during an internal audit, the Bureau discovered inaccurate records used by the Bureau to determine the size of financial incentives for the bureau's sales staff.
Practice Management

Best Methods to Recruit New Hires

With low unemployment, finding new hires for financial and technical positions has become an unusually difficult task. How do you determine the best use of time and resources?Newspaper or other media advertising is the traditional route for finding new employees. A downside of this method is that it can result in too many unacceptable applicants ... many of whom are over- or under-qualified.Online resources and job-posting boards are gaining in popularity, particularly for those trying to fill high-tech jobs.

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