Consulting

Web-based Tool Designed To Improve Control of Operational Risk Now Available

An innovative tool for managing operational risk is brought to you by Ernst & Young LLP and J.P. Morgan. The two global companies joined forces to launch Horizon.Horizon works to show companies exactly what operational risks they are facing and helps save them time and money by streamlining manual control procedures.
Practice

Focus on Retirement Programs for Baby Boomers

The way people retire is going to change dramatically in the new millennium. As 80 million baby boomers prepare to retire in the next 10 years, financial service professionals are setting their sites on helping this generation find the best ways to spend their nest egg. It is believed that many retirees will take the non-traditional retirement route and pursue second careers, explore educational options or take vacations that are tied to the ability to generate income.

CPAs Playing The Consulting Game

In your firm’s consulting practice, how many of your consultants have real, day-to-day operations experience? How many of them are 50 years old? If you say, “very few,” you aren’t alone. Many public accounting firms turned consulting firms have twenty- and thirty-somethings selling advice for $100+ an hour.A recent research project conducted by ExperTeam, a consulting firm comprised of former CEOs, CFOs, VPs and other high level executives, found that almost 70% of executives turn to their CPA advisor for advice.
Technology

Guru.com Provides Services and Support for Business Consultants

Freelancers and small business owners, this one is for you! If you're looking for an electronic support site, check out Guru.com. The site, which went live in June, is slated to offer a host of services for the nation's 25 million self-employed professionals when it is fully operational later this fall.Site creators Jon and James Slavet refer to independent professionals as gurus, and plan to provide everything from vendors for health insurance and bill collection, to expert advice. But the site's biggest draw may be the new job-matching service.
Practice Management

Financial Advice Must be Geared to All Income Levels

As a provider of financial advice and counsel, do you want to exclude a potential client because of his or her ability to afford your services?Many CPAs and accounting professionals dispense financial advice, and many also hold the CFP or Certified Financial Planner designation offered by the Certified Financial Planner Board of Standards.
Practice Management

Small Business Looks to MBAs for Ideas

Today's students are tomorrow's leaders, right? How about today-here and now!More and more small businesses are tapping the resources available to them through local graduate school programs, especially the red-hot MBA marketplace. Recruiting an MBA provides a fresh perspective to your business and, at the same time, helps the student receive invaluable experience.Businesses who must watch the bottom line are finding they can accomplish the same end result by relying on the graduate student to provide consulting services relative to his or her discipline.
Practice

Ez401k.com is a Fast, Inexpensive Alternative to Setting up Plans

CPAs who provide consulting services in retirement planning take note: employers can now set up a 401(K) retirement plan on the Internet at ez401k.com.Ez401k.com markets itself as an efficient and inexpensive alternative to traditional 401(k) planning. With the cost to set up a company retirement plan at $401, ez401k.com gives businesses a savings in fees of $1,500 or more. A watch on the ez401k.com home page lets an employer see exactly how long it takes them to design a plan and print out announcements for employees.
Practice Management

CPAs Can Brush Up on Tax Strategies for Small Business Owners

In today's accounting marketplace, more and more CPAs and other professionals are getting further and further away from taxation and advise strategies for the small business owner.Some end-of-year tax planning will indeed help any situation, be it that of the CPA or a client. For example, by gathering together last year's tax statement, along with a projection of 1999, you can adequately take a look at where you may or may not be headed regarding the 1999 tax bill.Some strategies for small business boil down to the calendar itself, such as sending out invoices after Jan.
Community News

D&T Offers new Consulting Service for Benefit Plans

Deloitte & Touche have announced a new program called "BeneFIT: Comprehensive Fitness Testing for Outsourced Benefits," to address the growing benefit plan marketplace and the risk associated with fiduciary responsibilities. The new service is part of the firm's Human Capital Advisory Services practice.Overall, the service is geared to companies who outsource administration of plans, and as a safety measure, the litigation associated with benefits when a plan goes sour.
A&A

Help Available on Sec 529 Qualified State Tuition Programs

State sponsored college savings programs are becoming hot, and every large financial institution is trying to figure out how to get a piece of the action.These plans represent a revolutionary new way parents (and grandparents) invest for college tuition. These pre-paid tuition plans are state sponsored investment plans and are given special tax status by the IRS.A new website is available to help you advise your clients through the array of programs available today through Section 529 plans.
Practice Management

Financial Advisory Specialists - Take Note

An innovative two-day conference hosted by the Alliance of Merger and Acquisition Advisors (AMAA) and organized at the request of CPAs and other financial advisors and consultants who want to better serve the corporate financial advisory needs of private business owners will be held in Chicago November 4-5, 1999.The National Conference on Corporate Financial Advisory Services for CPAs is sponsored By:National Association of Certified Valuation Analysts (NACVA)and The Quantum Alliance Companies:-
Community News

Accounting Firms Consult to Verify Security of Web Sites

PricewaterhouseCoopers and Deloitte & Touche are two of several consultants who have lent their expertise in the Web site security arena and to the content of a report published by Plano, TX-based Entrust Technologies Inc. This is an issue CPAs should be knowledgeable about based on the CPA Vision vision statement and AICPA's WebTrust program.The
Technology

Andersen Consulting CEO Shaheen Leaves To Join New Online Company

George T. Shaheen, a thirty year veteran of Arthur Andersen and CEO of Andersen Consulting since 1989, announced his retirement from the firm to join a new online grocery and drug megastore as President and CEO, effective immediately.The Webvan Group Inc. operates a fleet of vans to deliver a wide range of groceries ordered through its website. It currently operates exclusively in the San Francisco Bay area. Webvan is backed by CBS Inc.

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