Practice | AccountingWEB
by AccountingWeb on Aug 01, 2005
The 2005 Global Security Survey, released by Deloitte Touche Tohmatsu in June, identified internal attacks as a greater threat than external attacks to the information technology systems of the world’s largest financial institutions.
by AccountingWeb on Jul 28, 2005
Keeping client files organized and accessible can seem like a full time job, even in small accounting firms. As firms grow, they have more employees interacting with more clients generating more files. Keeping things organized becomes a Herculean task. Fortunately, the days of file cabinets and paper folders are rapidly disappearing.On Monday, July 25, Interwoven, Inc.
by AccountingWeb on Jul 26, 2005
Summers can offer small business owners opportunities not usually available in busier times. With either a slower pace or busier times, it might be an occasion to reevaluate any range of plans made earlier in the year.“You can make changes to your business model, re-evaluate clients, really plan out your budget and some of the investments you want to make,” said Richard Magid, CEO of SoundBoard in a statement made to Yahoo! News.
by AccountingWeb on Jul 26, 2005
As fewer employers offer flexible work schedules, more mothers are turning to their home computers to find that elusive balance between making an income and raising their children.Mothers are using their child's naps or play dates to work from home. That way, they can make money and be involved in their kids' lives without stepping foot into a cubicle.
by AccountingWeb on Jul 25, 2005
The SQL version of Office Tools Pro 2005 for accounting professionals debuted Thursday, July 21, 2005.
by AccountingWeb on Jul 25, 2005
Carillon Financials Corporation is looking to lure hundreds of customers away from Enterprise Resource Planning (ERP) industry powerhouses Oracle and Microsoft. To do so, Carillon is giving away more than $100 million of software to businesses across the country.“We are seeking users of competitor's systems who are dissatisfied or have outgrown their systems.” explains Larry Pettit, President and CEO of Carillon. “Carillon is ready to shake up the ERP industry.
by AccountingWeb on Jul 24, 2005
The American Institute of Certified Public Accountants (AICPA) announced on Friday, July 22, 2005, that the comment period on proposed Business Valuation Standards has been extended to September 30, 2005.
by AccountingWeb on Jul 21, 2005
Many firms recognize that failing to properly retain business related e-mail can lead to lawsuits, fines, bad publicity and even criminal charges. Only a few, however, understand the same things can happen with instant messaging (IM) and peer-to-peer (P2P) communications. Is your firm one of them?The “2004 Workplace E-mail and Instant Messaging Survey” found that only 11 percent of responding companies use gateway/management software to monitor and control IM use and risks.
by AccountingWeb on Jul 20, 2005
Many companies burdened by the costs and complexity of the Sarbanes-Oxley Act requirements are turning to India for help.Call it one of the unintended consequences of the corporate reform legislation. While the 2002 law was seen as a cure for sloppy financial reporting and the frauds it can cover up, it has also resulted in more work being sent overseas, the Wall Street Journal reported.Some Indian outsourcing companies told the newspaper that their Sarbanes-Oxley-related business is rising at more than 50 percent a year.
by AccountingWeb on Jul 20, 2005
Using the effective power of the Internet and current technology in your office can help you work using fewer resources. You can also serve more clients while increasing the quality of your work you do for those clients. Its an ideal situation but reachable with planning.The cost of developing and warehousing electronic documents is much less than their paper equals. Access is faster to the benefit of you or your customers. The cost savings on consumables such as paper, printing, toner and ink can add up. The reduction in postage or faxing can be seen over time.
by AccountingWeb on Jul 19, 2005
Labor Department data reported in USA TODAY, shows the number of self-employed fell 3.1 percent, or 303,000, in June. It was the second consecutive month of big declines.One possible reason is that companies are hiring again. “More people are finally being reabsorbed into full-time jobs,” Maria Minniti, associate economics professor at Babson College told USA TODAY.But entrepreneurs are struggling with rising costs as well, especially the cost of health care.
by AccountingWeb on Jul 18, 2005
There’s been a lot of talk about cost-cutting over the past few years as companies of all sizes strive to increase profits. When it comes to increasing profits, however, reducing costs is only part of the story.“Companies will do everything in their power to cut costs, from outsourcing IT departments to limiting employee travel. But there’s another side to the profitability equation that often goes unexplored – pricing,” says Greg Peters, CEO of Zilliant.
by AccountingWeb on Jul 14, 2005
Tired of signing all those employment tax forms? New rules issued on July 12, 2005 by the Internal Revenue Service allow corporate officers or duly authorized agents to sign employment tax forms using alternative signature methods including mechanical devices and computer software.“The IRS is committed to reducing the burden on taxpayers whenever we can,” IRS Commissioner Mark W. Everson states.
by AccountingWeb on Jul 14, 2005
The U.S. House of Representatives has passed four much-discussed bills designed to help businesses have more flexible dealings with the Occupational Safety and Health Administration (OSHA). The bills were introduced by Rep. Charlie Norwood (R-GA). National home builder groups commended the passage of bills while Democrats argue that the passage of these bills will undermine OSHA’s ability to protect workers and enforce violations effectively. The passage of these bills came mainly as a result of Republican support.
by AccountingWeb on Jul 13, 2005
Gaining new clients and increasing business is very challenging and difficult for many small CPA firms. There are a number of ways in which CPAs market. Many of these methods are not very effective for providing for any significant, real long-term growth. Traditionally, “referral marketing” has been the number one way for small CPA firms to gain new business. However, referrals can only take you so far, and will only yield a limited amount of growth in your practice.One non-traditional growth method that CPAs may consider is franchising. What is a franchise?

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