CFO

A&A

Rosy Outlook: Dell Financing Partner Renews Contract

Austin, TX-based Dell Computer Corporation got a shot in the arm when its financial partner, CIT Group of New York, renewed the contract for supporting Dell Financial Services.
A&A

AmEx Offers Small Business an Entree to E-Commerce

If you're a small business or firm, chances are you or your clients may accept American Express for payment.
A&A

A Look at Lucent's CFO: Cause or Effect?

Most people know about the ongoing barrage of problems facing Lucent, including the recent firing of CEO Richard McGinn. Now that the dust from his departure has settled, analysts are beginning to scrutinize other areas of the company, including the role played by CFO Deborah C. Hopkins.Hopkins came to Lucent last spring, having left Boeing with a string of successes to her credit. Lucent hired her to help fix the problems plaguing the company--not an easy task given McGinn's record for wanting to run things his own way.
A&A

Insight into the Role of Boards of Directors

This article abstracted with permission from the Financial Management Network.The rapid growth rate of venture-backed companies makes it exceedingly difficult yet increasingly important to build and maintain a company’s team, which includes the board. That team must grow and change as the company matures.
A&A

Credit Card vs. the Bank Loan: Which is Better?

It's a common problem of our times. You, a client or someone you know wants to buy something, but may not have the cash readily available to make the purchase. What would you do, or advise your client to do?Experts say that the annual percentage rate (APR) probably would be lower for a bank loan, even an unsecured loan, than most credit card rates. Compare the two. A credit card with a 19 percent interest rate versus a bank loan with a 15 percent rate would yield a savings of $70 over a three-year period of paying back a $1,000 loan.
A&A

CPAs Should Educate SB Owners

Perhaps it's the job of the CPA or accounting professional to educate small business clients on the ins and outs of offering medical and other benefit programs to their employees.The 2000 Small Employer Health Benefits Survey sponsored by the Employee Benefit Research Institute, Blue Cross Blue Shield Association and the Consumer Health Education Council found that the primary barrier preventing companies from offering benefits is the cost associated with employer-sponsored progr
A&A

Andersen and CFO Magazine Honor top Financial Officers

CFO magazine and Arthur Andersen, LLP have released the coveted list of the top CFOs.According to the magazine, those honored 'has broken through the traditional boundaries of finance, creating value in innovative ways, and delivering it on a consistent basis.'Winners and their categories include: Larry Kellner of Continental Airlines for Information/Knowledge Management; Larry Carter of Cisco Systems Inc.
Technology

EY's new Webcasts Target Entrepreneurs

A new effort by Ernst & Young to reach 35,000 entrepreneurs is designed to promote the firm's new 'Excelerate To Win' program.EY has partnered with various content providers to present a series of Webcasts called 'Winning Strategies for Fast-Paced Ventures.' The first broadcast, 'Protecting Your Intellectual Property' will be held Oct. 24 on the firm's Web site, with five more scheduled each Tuesday following the initial broadcast.The firm hopes this new strategic program will help businesses grow for the long term.
A&A

Refresher on Tax Deductions for Small Business

Most tax professionals advise their clients who own small businesses that they are much more likely to be audited by the Internal Revenue Service than anyone who is employed by another company.
A&A

Chevron/Texaco Merger Requires Sell-off

The oil and energy industry was rocked with the news of the $100 billion merger between Chevron and Texaco.However, if the merger actually were to go through, analysts predict that Texaco will have to sell off its partnership with the Royal Dutch/Shell Group in the western United States before the deal can be finalized.Why?
A&A

Subsidiary of Business 2.0 Parent Overstated Sales

Business 2.0, a popular San Francisco-based magazine and technology think tank that has been successful in predicting the next wave to hit the New Economy, may have suffered more than just a temporary setback thanks to a subsidiary of its parent company, The Future Network Plc.Future Network is based in Great Britain, but a subsidiary called Future France SA is the cause of the problem.
A&A

How to Choose the Best Credit Card

This time of year, our mailboxes are overflowing with seemingly attractive credit card offers, and while many state CPA societies and the AICPA also offer credit card affinity programs, how do you begin to determine which card to choose and with which bank to affiliate?According to Smart Money magazine, the way to determine the best deal is to figure out how much a card really costs you.
Tax

Bush or Gore? Will the real Front Runner Step Up?

An independent national survey commissioned by inc.com suggests that Governor George Bush may be the present front-runner among small-business owners. The results show that the major worries of small-business owners are taxes, health insurance, and government regulations.The survey suggests that nearly 50 percent of respondents lean toward Governor Bush in the November election, whereas approximately 30 percent are partial to Vice President Al Gore.
A&A

Bill May Recover Billions in Tax Dollars

There are approximately 2 million business owners across the country who, over the years, have withheld payroll taxes from employees and then failed to turn the money over to the federal government.
A&A

ASP Industry Reaches Another Milestone

As if to illustrate the massive growth in the application service provider market this year, the Application Service Provider Industry Consortium has just reached its 650-member milestone - a mere 16 months after its inception.The 650th member to join the consortium was a California-based company, Voci, which specializes in ASP speech-recognition solutions.The ASP Industry Consortium promotes the industry by sponsoring research and advocating for best practices.
A&A

The Great Entrepreneur Quiz

Do you have the entrepreneurial spirit? Take this sample quiz based on Radicals and Visionaries, "Entrepreneurs Who Revolutionized the 20th Century" published by Entrepreneur to test your knowledge of the success stories of the 20th century.Scroll to the bottom of the page for the answers:1. This pregnant housewife started a business at her kitchen table using for seed money cash she received as wedding gifts. To get around suppliers who refused to work with a woman, she set up her own light manufacturing facilities.
A&A

Teaching: A new and Obvious Role for CFOs

CFO magazine reports that CFOs are recognizing the need to educate others in the knowledge they have learned over the course of their careers.Although only a small percentage of CFOs are actually leaving the profession to teach in the classroom, there are a number of other ways to communicate the knowledge learned. Areas of CFO expertise include subjects like Internet financial models, and compensation and benefits. CFOs also can bring value-added questions to shareholder meetings.Why is this a trend now--all of a sudden?
A&A

Eight Tips on Security For the Home Worker

Telecommuting isn't a trend anymore; it's here to stay, and many of us are working from home rather than traveling each day to the office. While planning for other work-at-home requirements like office space, a computer, and plenty of snacks in the fridge, be sure to place protection right at the top of your list.
A&A

One More Small Business Portal: Netscape

Is there really room for one more small business portal? Established competition from Microsoft, Excite and Dow Jones isn't enough to scare executives at Netscape.The company has created 'Netscape Netbusiness' as a way to reach small businesses with less than 10 employees.One way Netscape plans to support the site is through advertising.
A&A

VCs Cautious in new Funding Schemes

If you have an old tie or skirt, chances are that tie or skirt will be back in style one day soon. The same holds true for venture capitalists who fund businesses. These angels are finding that they are returning to the old days of funding companies with a solid infrastructure versus the latest dot.com craze.The rules certainly have changed over the last six months--mostly since technology stocks took the famous nose-dive last spring.

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