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RAS Partners with Texas CPAs to Produce MAP Survey

PLEASANTON, CA (February 21, 2001) – More efficient responses, targeted analysis of results, and no-cost participation by firms and state CPA societies are the key benefits derived from the new partnership between Results Accountants’ Systems (RAS) and the Texas Society of CPAs (TSCPA) for the 2001 MAP Survey.Now in its 26th year, the MAP Survey is an industry-recognized, annual comparison of the services, operations and management of public practice firms across the nation.
Community News

Personal Planning and Coaching for Your Firm, with Terri Sommella

Personal Planning and CoachingPresented by Terri SommellaPresident, Sommella Market StrategiesContact terri@sommellamarketing.comThursday, February 15, 2001Visit the AccountingWEB Workshop Calendar for upcoming sessions.SummaryLearn how personal planning can provide immediate return to your firm's marketing investment. Ms.
Community News

Formalized Flextime? The Perk That Brings Productivity

An informative article by, Workforce.com provided some great ideas on how to incorporate flexible scheduling in your company.In 1997, more than 25 million workers varied their hours to some degree, with staggered start times, compressed workweeks, job sharing, and part-time hours, according to the article “Flexible Schedules and Shift Work: Replacing the 9-to-5 Workday?” by Thomas Beers in the June 2000 issue of Monthly Labor Review. But, he adds, most flexible workers alter their schedules on an informal basis.
Community News

Common Mistakes to Avoid When Selling a Business

As Americans we are lucky to be part of the most dynamic economy in the world. Opportunity thrives here and the capacity to succeed is unparalleled. Every day hundreds, even thousands, of new successful businesses are launched, keeping the nation’s economy primed with entrepreneurial spirit. While opportunities exist for entrepreneurs, those individuals who have achieved the American dream – building and owning a successful business - often make mistakes when selling their companies.
Community News

KPMG Consulting Enters Uncertain Market

An oversubscribed initial public offering of KPMG Consulting (KCIN) was expected to be overshadowed by a share slump in one of its major shareholders. But the IPO, launched today, was one of the strongest IPO's in a year.Shares were priced at $18.00, opened at $20.44 and shot up to $24+ on fairly heavy volume on the first day of trading. Analysts expected the trading to be negatively affected by Cisco Systems, which owns 20% of the consultancy, who saw its shares fall by 13% earlier this week after posting results below expectations.
Community News

KPMG's IPO Scheduled for Week of February 5

The consulting arm of KPMG is scheduled to go public the week of February 4, 2001. The stock is expected to trade on the Nasdaq under the symbol "KCIN." KPMG Consulting Inc. and its lead manager for the deal, Morgan Stanley Dean Witter & Co., are expecting to sell 112 million shares at between $16 and $18 apiece.
Community News

Tips for Financial Planning in Your Practice, with Joe Tucciarone

Tips for Financial Planning in Your PracticePresented by Joe TucciaroneNational Network of AccountantsContact Bill Corbett, National Network of Accountants wjcorbett@worldnet.att.netThursday, February 1, 2001Visit the AccountingWEB Workshop Calendar for upcoming sessions.SummaryJoe's session included the
AccountingWEB Life

Constant Marketing is Key to a Healthy Business

Whatever your specialty -- corporate accounting, tax preparation, financial consulting, etc. -- you need more than accounting skills to remain successful. You also require marketing savvy to keep your business prospering.
A&A

CFO Magazine Accepting Nominations for 'Excellence Awards'

The 2001 CFO Excellence Awards, sponsored by CFO Publishing Corporation and Arthur Andersen, offer public and private companies the opportunity to bring a new level of visibility and recognition to their finance teams, says Mary Driscoll, president of CFO Enterprises. Now CFOs from companies with annual revenues in excess of $300 million may apply, and the winners will be prominently featured in the October 2001 issue of CFO magazine.Completed applications for one or more of ten new categories, each designed to reflect the diverse nature of finance today, are due on April 30, 2001.
Practice Management

Plant Seeds in Tax Season For a Bountiful Summer Harvest, with Dave Cottle

Plant Seeds in Tax Season For a Bountiful Harvest in the SummerPresented by Dave CottleDavid Cottle ConsultingContact dave@cottleconsultingTuesday, January 30, 2001Visit the AccountingWEB Workshop Calendar for upcoming sessions.SummaryDave's session included ideas on what you can do during tax season - when you have the attention of your clients - to ensure a continu
Community News

IBM Pulls Negative Ad on AICPA Request

An article on the New York Society of CPAs web site reported that IBM is pulling a recent CPA-attacking ad, according to a statement released January 25, by the AICPA. IBM had planned on running an ad with the headline "This Tax Season, Tell Your CPA to Hit the Road". The AICPA said that it communicated directly with IBM's corporate office and IBM agreed to pull the ad.It is reported that IBM will send a letter of apology to AICPA President Barry Melancon, said the AICPA.
Community News

Developing a Business Plan for Success

If you're a self-employed accountant, you're doing your business a disservice if you haven't prepared a carefully thought-out and written business plan.Ugh, you're thinking. That's a lot of hard work, and I don't even know how to get started. Besides, my business has been rolling along fine without a hard-and-fast plan. The world's changing too fast anyway, right?
Community News

Arthur Andersen: New Woes in Arizona

As if a series of pending lawsuits regarding a controversial audit of the Baptist Foundation of Arizona weren't enough to keep the sunbelt accountants busy, now it seems the Big Five firm of Arthur Andersen has been the subject of yet another investigation.Andersen's 1994 audit of home builder UDC Homes, Inc. produced a clean bill of health for the company's financial statements.
Community News

Ideas To Improve the Quality of Your Organization

Every organization out there today is striving to improve its day to day operations in the areas of employee performance and satisfaction and client satisfaction. Below are some guidelines to follow when trying the make the needed changes in your firm.Adjust Your AttitudeBe open to new ideas!Make time for quality improvement.Don’t manage by fear. Help people feel secure in their jobs.Don’t let the statement, "We’ve always done it this way," keep the firm from trying new approaches to problem-solving. Change the "Us vs.
Community News

Arizona Lawsuits Persist Against Arthur Andersen

Arizona's Corporation Commission has joined the group of those who are taking the Arthur Andersen company to court over its audit of the Baptist Foundation of Arizona.
Community News

KPMG Faces Class Action Suit

Shareholders from Lernout & Hausie are to launch a class action suit against auditors from KPMG, according to a report in the Financial Times.The suit will claim that the auditors should have been aware of problems with the speech recognition software group's accounts.L&H filed for bankruptcy in November after restating results for 1998, 1999 and the first half of 2000.
Community News

Centerprise Acquires Great Plains Partner

Confirming its commitment to providing an array of professional services to middle-market companies in geographically diverse regions, Centerprise Information Solutions (CIS) acquired Houston-based FinAcc Resources, a prominent Great Plains Partner, owned by Margarett J. Foster. The acquisition will add six professionals and over 100 clients.
Community News

KPMG Raises Price, Cuts Shares for IPO

Reuters is reporting that KPMG Consulting Inc.
Community News

PWC Lands High Profile Client Advisor

Bill Archer, former chairman of the House Ways & Means Committee and Texas Congressman for the past thirty years, has joined PricewaterhouseCoopers as a senior policy advisor. Archer will provide advice to the firm's clients on Federal policy matters and will also focus on trade and international tax issues. He will work with the firm's international offices and global clients on a wide variety of issues facing multinational corporations.Archer will be based in Washington, DC in the firm's Washington National Tax Services (WNTS) practice.
A&A

Providing Financial Services - Avoiding The Ten Traps

A few years ago, one of my clients decided to get into the lucrative business of financial services. After all, financial services companies have been competing with CPAs in the accounting and tax business for years. Partners selected one owner to become the financial services “guru” for the firm.

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