News

Technology

What Will Happen to Us if Bill Gates Stops Controlling Our Lives?

He's at it again - Bill Gates never seems to stand still when it comes to computers and technology. His latest pronouncements involve what Gates refers to as the "bottom line" of Internet usage. The Gates vision projects a third phase of the Internet which follows the initial phases of using the Internet for advertising and conducting business transactions over the Internet. The third phase emphasizes business profitability.Microsoft has already developed the software necessary for achieving the Gates dream.

Girls Going Places Scholarship Awards!

Do you know a young woman between the ages of 12 and 16 who shows potential to succeed in business? Do you know a young woman who makes a difference and demonstrates budding entrepreneurship or financial sense? Do you know a young woman who deserves to be awarded a college scholarship? If your answer is yes to any of these questions tell us about her in 1,000 words or less and submit your entry by September 1, she could be a $15,000.00 scholarship winner. “Our world is in the midst of great economic change.

Free seminar for CPAs.

TUESDAY, JUNE 20, 2000, WESTBURY, NEW YORKFree seminar for CPAs. The National Network of Accountants will host a free breakfast seminar, for CPAs and accountants, Tuesday June 20th. The topic of this seminar is “life insurance as a tax reduction tool.” This professional organization assists Long Island professionals to build business relationships, grow their businesses and help provide more effective client services. CPAs who attend qualify for 3 CPE credits. The breakfast will take place from 8:00 am to 12:00 noon at the Westbury Manor, Jericho Turnpike, Westbury, New York.

Jim Kaplan

Jim Kaplan, CIA CFE CSMWebmasterAuditNetJIM KAPLAN, the Webmaster for AuditNet, is the Internal Auditor for Fairfax County Public Schools, the 12th largest school district in the United States. He has a Master of Science in Accounting from The American University in Washington, D.C. He is a member of the Institute of Internal Auditors (IIA) the National Association of Local Government Auditors (NALGA) and the Association of Certified Fraud Examiners.
Tax

House and Senate Join Forces to Change New Small Business Tax Ruling

The small business committee chairmen from the U.S. Senate and House have joined forces to ask Treasury Secretary Lawrence Summers to rethink the recent release of Revenue Procedure 2000-22, which requires small businesses with average annual gross receipts of over $1,000,000 to use the accrual method of accounting.Previous law provided a threshold of $5,000,000 in annual gross receipts before the accrual method was required.

Finally! A Search Engine That Screams

Okay, maybe I'm impatient. On second thought. No, I'm like you are. I'm a busy professional who needs results now.I've finally found the ultimate search engine. It's Google.com. This search engine is fast. How fast? Well, it will tell you exactly how many seconds it took to compile your search. Sounds pretty good, eh?A tip to keep in mind when using any search engine is to use quotation marks if you are looking for an exact phrase.
Practice Management

Dot.coms Paving Way for New Type of Executive

Corporate America has always welcomed the experienced decision-maker who can take a new task, assess the situation quickly, find the problems and weaknesses, and make lemonade out of what appears to be a lemon.Today's climate of Internet and technology start-up companies is providing a ripe field for the savvy executive to harvest. New companies spring up every day, able to "open the doors" of business by simply creating a web presence.

New Study Finds Disturbing News re 401(k) Rollovers

A new study by the consulting firm of Hewitt Associates shows the disturbing trend that most Americans who are entitled to take money from a 401(k) plan with them when they leave a job are cashing out the plan rather than reinvesting the money in another retirement fund.Sixty-eight percent of workers aged 20 to 59 who received distributions from 401(k) plans last year chose to take the money and pay the tax consequences.
Technology

U.S. Bank Takes Internet Services to New Level

U.S. Bank has unveiled a new service for business customers. Called Image Check Web, the service provides the bank's business customers with the ability to view recently cleared checks via the Internet.Checks are available for viewing the day after they clear the bank.
Community News

KPMG Bets Big Bucks on ad Campaign

J. Walter Thompson is the fortunate recipient of the $90 million KPMG international advertising account.Competitors making the final cut included BBDO and Bates USA, but Thompson was chosen to handle the Big 5 firms' global branding and advertising of services. The first campaign will be ready for the fall.The new campaign will include the firm's four core services in assurance, tax, financial advisory and consulting.

AccountingWEB Weekly News Wrap-up - Issue 45

The AccountingWEB Friday Wrap-Up Newswire - Issue 45June 2, 2000Logon to http://www.accountingweb.com for more resources.Don't know your membership login details?

IMA Names new Executive Director

The Institute of Management Accountants (IMA) have just named the new executive director to head the 70,000-member organization.Assuming the position is David T. Schweitz, a veteran in the financial services industry who has 25 years' experience in the profession. He most recently served as president and CEO of Mid Atlantic Farm Credit.Schweitz said one of his primary initial goals will be 'to get IMA's members excited about being members. To do that, we'll develop and deliver even more of the value-added services our members want.'

Bizarre and Entertaining Web Sites

If you're at a loose-end and are wondering how to pass the time, AccountingWEB has spared no expense in bringing you the best entertainment to your screen. Unless of course, you know better.Thanks to our friends at AccountingWEB's sister site in the UK (it must have been a slow news week for them!) we are pleased to offer this quick list of bizarre and entertaining Web sites. Enjoy!JIB JAB presents the funniest cartoons on EarthA lively site with sound and movement displaying cartoons of a very odd nature.

Europe to Impose International Accounting Standards by 2005

Europe-watchers say the European Commission is poised to require listed European companies to use international accounting standards (IAS) by 2005.According to sources, Commission officials have been consulting with national governments and accountancy bodies for some time over amendments to the fourth and seventh accounting directives. The Commission has encouraged national governments to allow the use of IAS within their jurisdictions; France, Germany and Austria already do so.
Technology

Would You Turn Down $7M for a Domain Name?

The crazy world of domain name registration took an even crazier twist with the revelation that a $7 million bid for a domain name was rejected by a UK-based businessman.Peter Littke, MD of Java software developer Naxt Ltd, turned down the offer for e-buy.com from US-based firm Ebuy Inc - despite the fact that he is looking for funding for an e-commerce venture using the name."Of course I was tempted by the offer because it's enough money to live on for rest o

Deltek Expands Consulting Services, Offering Practice Management Solutions for Professional Services Organizations

McLean, Virginia - June 1, 2000 - NASDAQ:DLTK. Deltek today announced the expansion of its consulting services into specialized practice areas, delivering the practice management solutions professional services firms need to enhance financial, operational, project and employee performance.

Increase Your Newsletter Exposure

Wouldn't it be nice to double, maybe even triple your newsletter audience without increasing your production costs one penny?You can. And this little tip may just help you reduce your current costs if you've been sending several copies to people in the same company. Unless your newsletter features time sensitive information, this is a great way to get your newsletter passed around.How? You ask. It's easy. Simply incorporate a routing box on your newsletter.
Technology

E-Trade & EY: Match Made in Financial Heaven?

It has just been announced that Internet securities broker E-Trade and Ernst & Young will partner to form a new venture handling financial advisory services.Each company will put up $25 million for the new company, which has not yet been named.
Technology

Battle of the Handhelds: Palm Fends off Microsoft

The battle of the handheld PDA (Personal Digital Assistants) is heating up once more.

Former ASAP Software CEO ‘Clicks’ Payroll into the Future: Scott Wald Returns to Launch Online Payroll Company

HIGHLAND PARK, IL — June 1, 2000 — From the man who Fortune Magazine named one of the “40 smartest entrepreneurs in America under the age of 40,” Scott Wald launches his next venture, SurePayroll.com – a radically new, Web-based payroll system. For the first time ever, SurePayroll.com’s system electronically distributes paychecks, notifies employees that they’ve been paid and allows them to view their paystubs on-line.

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