Human Resources

A&A

Examining the Financial Health of America's Pastime

Despite the cloud of suspected steroid use that continues to hover over baseball, the sport seems to be financially healthy — at all levels.Representatives of Little League Baseball and Softball in Williamsport, Penn., the National Collegiate Athletic Association in Indianapolis and Major League Baseball in New York City, all report recent growth in revenue or profit.Advertisement
Education & Careers

Study Finds Young Workers Displaced by New Immigrants

That the arrival of new immigrants in a state results in a decline in employment among young native-born workers in that state is just one of the stark images revealed by the authors of The Impact of New Immigrants on Young Native-Born Workers, 2000-2005.
A&A

Home Depot Improves Small Businesses with Easy Access to Business Services

Small businesses looking for affordable business services can find them at Home Depot. More than 12,000 small business owners have registered for the Business ToolBox since it was launched by the world’s largest home improvement retailer. The program offers one-stop shopping for a collection of discount business services and products.

States Must Report Health Care Liabilities for Retired Employees

State and local governments, long generous to employees with promises of health care in retirement, often in exchange for pay increases, are struggling to estimate these costs for financial statement purposes, according to new rules issued by the Government Accounting Standards Board (GASB).
Education & Careers

A Puzzle for Accounting Professionals

Looking for something to fill those last few minutes before quitting time? PAYMENTS! is just the thing – and, because it’s related to accounts payable and how businesses pay their bills, it’s completely guilt-free!PAYMENTS!, developed by Accounts Payable Now & Tomorrow, a newsletter from CRYSTALLUS, Inc., is a Wordoku, the alpha version of the popular numeric puzzle game Sudoku.

National Medical Support Notice: Guidance for Employers

The Internal Revenue Service (IRS) offers employers guidance for responding to a National Medical Support Notice (NMSN).
Practice Management

For Gen Xers, Success Means Balance

Businesses today are facing generation issues as baby boomer managers, born between 1946 and 1964, try to figure out why the Generation Xers, ages 27 to 41, don’t have the pay-your-dues attitudes they do, Kentucky.com reports. Miami accounting firm owner Richard Berkowitz found that out quickly during tax season.
Community News

Canadian CFOs Forecast Steady Fourth-Quarter Hiring

Hiring activity among Canada’s accounting and finance professionals is expected to remain steady during the fourth quarter, according to the quarterly Robert Half Financial Hiring Index.
Tax

U.S. Airports Ease Carry-on Liquid Ban

Beginning today, airline passengers may carry travel-size toiletries through security. Passengers may also carry-on beverages and other liquid items purchased in the secure boarding area, according to new rules issued Monday by the Transportation Security Administration (TSA). The revised rules apply to all domestic and international flights departing U.S. airports.In order to pass through security, travel-sized toiletries of 3 ounces or less must be fit comfortably in a single clear zip-top bag, no larger than 7.5 inches tall, by 8 inches wide (quart-size).

Study Reveals Recruiting and Retention Trends, Employee Perceptions

The second annual Employment Dynamics and Growth Expectation (EDGE) Report released late last month by Robert Half International (RHI) and Careerbuilder.com shows hiring managers and employees with very different perceptions of the job market. Recruiting is more challenging today than one year ago, hiring managers say, with 81 percent reporting difficulty in finding qualified candidates, up from 55 percent last year. Employees, however, are less likely to negotiate higher salaries today. Only 12 percent of employees plan to seek higher salaries in 2006, down from 20 percent in 2005.
Tax

Enron Ex-Vice Chairman's Estate Must Return $1.3 Million

Judge Arthur Gonzalez of the U.S. Bankruptcy Court in Manhattan ruled late last week that deferred compensation payments made in the months preceding the company’s fall, to John Clifford Baxter, the former vice chairman of Enron Corp., favored Baxter over other creditors. Baxter received $1.3 million of the $1.4 million he had in his deferred-compensation account on September 30, 2001.
Technology

Business Travelers Face Inflight Restrictions as More Batteries Recalled

Earlier this week, Virgin Atlantic Airways announced that it is restricting the use of Dell and Apple computers on its flights, following the recall of nearly 6 million faulty laptop batteries last month. In August, both Dell and Apple recalled lithium-ion batteries found in certain laptop models. In some cases, the batteries overheated and caught fire.
Technology

Disabled Military Retirees to Receive Back Pay

The first group of disabled military retirees will soon receive back pay owed them, thanks to legislation that allowed the payments but inadvertently created complicated accounting challenges.Advertisement
Education & Careers

Ethics & Compliance Officers Still Valued in American Corporations

The results of the 2006 Ethics & Compliance Officer Association (ECOA) Compensation Survey are in and findings indicate pay for the top ethics position continues to grow.
Tax

Pension Protection Act Affects Most Taxpayers

Last month, President Bush signed the second major Tax Act of the year into law. "There are provisions in this Tax Act that will help many taxpayers reduce the income taxes they will pay down the road," explains Andrew D.

Short-Term Project Aims to Enhance Governmental Pension Plan Disclosure

The Governmental Accounting Standards Board (GASB) has added a project intending to bring current governmental pension disclosure requirements in line with those of other post-employment benefits (OPEB) to its current technical agenda.
A&A

Major Changes Ahead for Multiemployer Pension System

Of the 44 million Americans participating in defined benefit pension plans, 25 percent, approximately 9.4 million, are enrolled in multiemployer plans maintained by more than one employer, usually within the same or related industries and a labor union, according to the Pension Benefit Guaranty Corporation (PBGC). Many are employed by small companies in the building and construction industries.
Tax

Cell Phones: Convenience and Compromise

Cell phones have become a part of modern life. Children in elementary school carry them. So do business people. Even seniors, who are often labeled a techno-phobic group, carry them.

Secrets to Keeping the IRS Out of Your Clients’ 401K

At some point in the future, your financial coaching clients will no longer be working where they are. Whether it’s because they retire, get laid off or change employers, it’s your responsibility to prepare them. That’s because when it comes to their pension funds, they have several options open to them when they leave their job. And if you don’t know what those options are, and choose the wrong one, you will have the IRS smack dab in the middle of your clients' IRAs.

Labor Day: A Celebration Founded on Bloodshed and Strife

"Labor Day differs in every essential way from the other holidays of the year in any country. All other holidays are in a more or less degree connected with conflicts and battles of man's prowess over man, of strife and discord for greed and power, of glories achieved by one nation over another.

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