News

Tax

New Per Diem Rates Available for Travelers

The IRS has announced that travelers have the option of reporting expenses based on the per diem rates that have been in place since January 1, or they may opt to use the newly published government rates for the last three months of the year.The government rates are reflective of the new General Services Administration policy to change per diem rates as of the beginning of the federal government fiscal year, October 1, instead of waiting until the beginning of the calendar year.
Technology

Big Five Firms Have Mixed Messages for Dotcoms

Dotcom leaders work long hours but are only interested in short-term gain, according to reports issued by KPMG Consulting and PricewaterhouseCoopers.The KPMG Consulting study found that, whilst the leaders of the new economy may dress down for the office, they are still dedicated to their task.

What Are You Talking About?

Last week I attended a workshop intended to help the professionals in our firm learn more about a new service our company is offering. On the last day of the workshop a considerable amount of time was spent on how to interview the client about this service. I was interested to see that many of the partners, who often pride themselves on knowing their clients better than the client knows him or herself, didn’t quite know how to approach the client about this new service.

August Aquila, V.P.-Mergers & Acquisitions, American Express Tax and Business Services Inc.

Since 1994 August Aquila has held leadership roles in the accounting consolidation movement in the United States. August is Vice President-Mergers & Acquisitions for American Express Tax and Business Services Inc. (TBS), a Division of the American Express Company. He is responsible for sourcing, negotiating and closing major acquisitions throughout the country.

F9.com Announces Release of F9 Version 4.5 for ACCPAC

For Immediate Release August 23, 2000Contact: Chris Jordan Sales & Marketing Manager chris.jordan@f9.com 604-688-8271 x 332 Direct line 604-688-1286 FAXSome Things Just Get Betterf9.com is pleased to announce the release of its new f9™ Version 4.5 for ACCPAC.

Got that Friday Feeling???

Interesting excuses to get off work, from The MouthpieceFrom the Sunday, April 14, 1994 edition of the Washington Post - a contest was held in which readers were asked to come up with excuses to miss a day of work.If it is all the same to you I won't be coming in to work.The voices told me to clean all the guns today.When I got up this morning I took two Ex-Lax in addition to my Prozac.

Unleashing the Ideavirus

Seth Godin, author of Permission Marketing has done it again. He has written Unleashing the Ideavirus and once again shares his intuitive thoughts about getting your idea out without interrupting your potential clients and forcing them to slog through the mire in an effort to get to your message.How does he recommend you get your ideas across without going door to door? Easy! You let the consumer do it for you. Present your idea in an easy-to-access way and make it free. Voila!

First Impressions Set the Tone in an Interview

Anyone who has been or will be in an interview needs to recognize an important fact: first impressions truly make a difference.Someone who looks good on paper, or who speaks well on the phone, may sound like the right candidate, but a face to face meeting may prove otherwise. In person, non-verbal communications play a big part in analyzing character and even ability. Although knowledge and skills are key elements in hiring decisions, a person who does not make a good impression in person may well be passed over for a job.

'Cognitor' Vote Delayed Eight Months

According to the Electronic Accountant, the AICPA has delayed its Council vote until Spring 2001 on the adoption of the XYZ designation - tentatively now known as 'cognitor.'The original vote was to approve whether to put the cognitor concept before the entire AICPA membership.Bob Elliott, AICPA chairman, said the delay of the vote until the spring meeting provides more time to provide information on the credential to Council and to the general membership.The term 'cognitor' created quite a buzz when a

AccountingWEB Weekly News Wrap-up - Issue 58

The AccountingWEB Friday Wrap-Up Newswire - Issue 58September 1, 2000Members Logon to http://www.accountingweb.com for full access to all our resources.Don't know your Logon Membership Details?Go to ht
Technology

Fogdog Tempts Fate with Fuzzy Accounting

There's been a lot of business at the Fogdog sporting goods web site as customers are rewarded for making purchases with a plethora of free offers. And the Fogdog income statement looked great - all of the company's promotional items and shipping expenses were categorized as marketing expense, making the gross margin at Fogdog look pretty appealing.Apparently the practice is pretty widespread among start-up Internet companies trying to boost profit margins to attract investors.
Practice

Get Started with Online Accounting

Service is what will set the successful ASPs aside from the unsuccessful ones. "I think service is the single most important aspect." according to Jack Fox, M.B.A., author of, among other titles, Building a Profitable Online Accounting Practice. Mr. Fox presented the AccountingWEB workshop on August 31, "Online Accounting…Frontline to Bottom Line." Mr. Fox addressed aspects of online accounting, describing how accountants can pave the way for the new economy.

Online Accounting: Front-line to Bottom Line, with Jack Fox

Online Accounting: Front-line to Bottom Line, with Jack Fox, M.B.A., author of Building a Profitable Online Accounting PracticeAccountingWEB Workshop presented 8/31/00Session Moderator: Welcome everyone and thanks for joining us today. Today's guest is Jack Fox. Jack is an unforgettable speaker, retreat facilitator, practice development consultant, master of ceremonies and accomplished professional stand-up comedian.
Tax

CLINTON NIXES ESTATE TAX REPEAL

As expected on Thursday afternoon, President Clinton vetoed the proposed repeal of the Estate and Gift Tax. The bill will return to Congress where legislators will attempt to override the veto. The White House said that it did not believe the Republican-dominated Congress had enough votes to override the veto. If all those who initially voted for the passage of the bill vote to override the veto, the necessary two-thirds majority will prevail.Under current law, the first $675,000 of property left by a deceased person is exempt from tax.
Technology

Natural Language Technology is Here

Advanced software that allows computers to understand the exact meaning of questions and answer them with speed and precision has just become available, through an alliance between Andersen Consulting and answerFriend. AnswerFriend develops natural language processing technology to improve e-commerce. QuestionEngine can understand requests in everyday language and specialist jargon.
Tax

US Public Will Pay $602 Billion in Taxes Online by 2006

Despite funding struggles and bureaucratic inertia, eGovernment will change the way authorities deal with their citizens. According to a new report from Forrester Research, federal, state, and local governments will collect 15% of taxes online by 2006 – a total of $602 billion. “An increasingly demanding and wired public is looking for speed and convenience from its government,” said Jeremy Sharrard, associate analyst at Forrester.
Community News

Rapper Rips PwC

Andre “Dr. Dre” Young, Grammy-winning gangsta rap star and highly respected record producer, has accused PwC (formerly Coopers & Lybrand) of causing a loss of over $20 million by mismanaging his finances, diverting funds, stealing money from him, and engaging in conflicts of interest. “They stuck it to me big time,” the star said of the accounting firm. Young is co-founder of the Death Row record label. PwC has paid $10 million in out of court settlements in two other Death Row-related claims but his holding fast in its fight against Young.
Community News

PwC Joins in Fight Against SEC

First it was the Big 3, Andersen, Deloitte, and KPMG up against the Securities & Exchange Commission regarding the auditor independence guidelines the SEC is hoping to enforce. Then Ernst & Young jumped in with the others, claiming the SEC’s proposal would make it impossible for audit firms to enter into strategic alliance or joint ventures, even with non-audit clients. That left PricewaterhouseCoopers as the only hold out, sticking up for the SEC and supporting the change in guidelines. Now it looks like the group is a team again.

CFO Views on Federal Financial Management

A new survey commissioned by Grant Thornton and the Association for Government Accountants tracks the trends, issues and beliefs by CFOs related to Federal financial management.The Millenium AGA CFO Survey: Formula for Enterprise Insight has been conducted each year since 1996. The top areas of concern based on survey results included roles, management, technology, structure and people.
Tax

Roth 101: A Refresher Course

Now that the Roth IRA has been around for a few years, many CPAs and accounting professionals have extolled the value of the plan to their clients, but for some reason, many taxpayers aren't taking advantage of this vehicle.To refresh your knowledge of the Roth IRA, here is a basic explanation of its benefits and parameters.The Roth IRA is available in a $2,000 contribution or Roth conversion, and the latter plan often brings about the most savings.

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