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Community News

A New Recipe for the CPA Profession, With Richard Savich, PhD

A New Recipe for the CPA ProfessionPresented by: Dick Savich, PhD, CPA,President of ABKO ConsultingTuesday, January 94:00 - 5:00 p.m., Eastern TimeVisit the AccountingWEB Workshop Calendar for upcoming workshop sessions.Summary Richard Savich presented a live, interactive workshop focusing on the future of the accounting profession and the role consulting will play.
Tax

Tax Tip: Publication 17 -- One Stop For Tax Help

Facing a lot of different tax questions this year? IRS experts have pulled together an overview of common tax issues in one convenient place - Publication 17. "Your Federal Income Tax," available at the IRS Web site in the Forms and Pubs section, contains a vast array of helpful information in one guide. From stock sales to student loans, people can get many of their questions answered in this 276-page publication. A sampling of the items covered in 38 chapters:Need help deciphering the mysteries of the Roth IRA?
Education & Careers

A Student's Guide to the Accounting Profession!

They call accountants bean counters, but while you have to be good at math to be an accountant, counting is only the means to a more important end: ensuring that financial information is truthful. An accountant's work can range from an audit, which is a formal analysis of an organization's financial statements, to the day-to-day reckonings of a bookkeeper making sure a small business pays its suppliers and gets paid by its customers.
Tax

California Tax Camp no Picnic for Participants

Just like the U.S. Army, instructors at this week's tax boot camp in southern California help students "be all they can be."Such is the motto at this five-day, intense learning experience sponsored by the San Diego Chapter of the California Society of CPAs.

What's old is new Again: Senior Execs in High Demand!

If you wait long enough, that narrow tie or a longer-than-average skirt will come back into style. The same adage holds true in business, where some key executives are finding now that the dot.com heat has cooled and experience is once more in demand.Fortunately, for the seasoned executive, s(he) didn't have to wait very long."The profile of the most desirable CEO looks dramatically different today than it did nine months ago," says Scott R. Gordon, managing director of Internet recruiting at search firm Spencer Stuart.
Technology

MS Office Clones Provide Web-based Productivity

It's no secret that more and more of our software applications and suites will be Web-based, even before the new year is up. Microsoft already has turned its Office suite into a Web-based application, and is working on improvements so that the next version will be ready by mid-2001.Still, Office may not be everyone's solution. There are clones of some of the most popular productivity suites already on the Web.ThinkFree Office has positioned itself somewhere in between Web-based software and the kind that all of us are familiar with on our PCs.

Levitt Focuses on Investor Rights at Final Town Meeting

During his final public Town Meeting, Jan. 16 in Philadelphia, outgoing SEC Chairman Arthur Levitt plans to deliver an address on individual investor rights and responsibilities."We have witnessed one of the most powerful and striking developments in the history of our capital markets - the rise of the individual investor," Levitt says.

SurePayroll.com Launches Industry’s First Private Label Payroll Solution for Accounting Firms

SKOKIE, IL – January 8, 2001 –SurePayroll.com (www.SurePayroll.com), the industry’s leader in Web-based payroll, announces the creation of the first private label online payroll application designed to for accountants and their clients. Simply put, the application named e-Payroll Service, gives accountants the option to offer their clients their own web-based payroll service branded with their firm’s name and identity. The private label service includes payroll processing and real-time preview, nationwide tax filing, direct deposit and payroll reports.
Tax

Tax Tip: Thousands of Refund Checks Remain Unclaimed

WASHINGTON - Tens of thousands of taxpayers still haven't received tax refund checks from 1999 tax returns. The outstanding refunds are worth millions of dollars. The IRS wants to get these refund checks back to where they belong.An annual review by the IRS last fall showed more than 90,000 taxpayers had not received tax refund checks worth $67.4 million. The average per-check amount was $734.If you think the IRS may still have your refund check, call the toll-free assistance line at 1-800-829-1040. There are many reasons why refund checks might not reach taxpayers.

Barnes & Noble University Offers Free Courses

Bookseller Barnes & Noble has found a novel way to sell books - allow authors to host training courses based on book content.
Technology

Secure Your E-Mail Messages on the Internet!

The Internet makes it easy to send information almost anywhere around the world, but e-mail messages travel through the Internet in a format that anyone, anywhere can read. If you send confidential e-mail on the Internet you run the risk that your information may be intercepted en route. You may get numersous bogus e-mails asking for information. The e-mailer requesting the information may not be on the up and up; it may be sent by a hacker who forged the name and e-mail address and sent you a fake message in order to get confidential information.
A&A

Plain-Paper Debate: Ins and Outs of new SSARS No. 8

The American Institute of CPAs has issued a new standard that could have an impact on CPAs in public practice and CPAs in industry who engage their services. Statement on Standards for Accounting and Review Services (SSARS) No. 8, which went into effect for financial statements issued after Dec.
Technology

IRS Web Site is Quick Source for Forms, Publications

The IRS Web site, www.irs.gov, performed up to five times faster during the 2000 tax filing season than it did in the previous year.
Practice

Reasons why Clients Leave Financial Advisors

A third of the nation's financial advisors claim it's harder to keep clients than it was five years ago. On top of that, 75 percent of these advisors say those with less than $100,000 to invest are the most difficult ones to retain.If you're a CPA and/or financial advisor, you may be experiencing much of this in today's marketplace. Why do customers leave?It all boils down to opinions from others. Clients have high expectations, and are greatly influenced by what they hear, rather than by experience. Expectations, too, have become less realistic.
Community News

PricewaterhouseCoopers to Cut Partners

Big 5 firm PricewaterhouseCoopers is to axe one in ten partners as part of cost-cutting measures, according to reports in the British newspaper, the Sunday Times. The alleged staff cuts come after the PwC's failure to sell off its consultancy arm to Hewlett-Packard in November, and could form part of the firm's current restructuring plans.

AccountingWEB Weekly News Wrap-up - Issue 76

The AccountingWEB Friday Wrap-Up Newswire - Issue 76January 5, 2001Members Logon to http://www.accountingweb.com for full access to all our resources.Don't know your Logon Membership Details?Go to
Tax

E-Filing Growing in Popularity

The latest American Customer Satisfaction Index survey shows that the overall taxpayer satisfaction score for the Internal Revenue Service's e-filing service increased to 75 (on a scale of 0 - 100) in 2000, from 74 in 1999. This compares with a score of just 51 for the filing of paper tax returns. It is also well above the average score of 68.6 for government services. Additionally, 81 percent of the respondents say they intend to file again electronically. The survey findings support the IRS's own theory about electronic filing - that taxpayers who try it really like it.
Community News

Deloitte on Path to Success

Revenue growth at Deloitte Touche Tohmatsu has fallen to 14.1% - down from the 21% figure achieved for the last financial year, but marking seven consecutive years of growth. Annual global revenue reached $11.2 billion for the new year-end of May 31, 2000 - previously, the firm's fiscal year closed on August 31. Revenue from the firm's practice grew 15.4% and the consulting arm was up 11%. The Big Five firm also announced that it was determined to keep its consultancy business.

Non-Support of Microsoft/Great Plains Acquisition

With the ink on the Microsoft/Great Plains still wet, analysts have begun offering their opinions of just how good a deal this is for the accounting-technology sector: not all analysts approve of the buy."This is a real sea change for Microsoft," said Dwight Davis, vice president of Summit Strategies, a research firm in Boston. He sees the move as Redmond reneging on promises to keep its hands off of certain industry segments.
Tax

Tax Tip: Marriage or Divorce-Check Your Social Security Number

The IRS reminds newlyweds and the recently divorced to make sure names on their tax returns match those registered with Social Security. A mismatch between a name on the tax return and a Social Security number (SSN) could unexpectedly increase a tax bill and reduce the size of any refund. For newlyweds, the tax scenario can begin when the bride says "I do," takes her husband's surname but doesn't let Social Security know about the name change.

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