Trends

A&A

90,000 Firms with Combined Annual Revenue of $65 Billion

The accounting and tax preparation industry in the United States includes approximately 90,000 firms with combined revenue of $65 billion, according to Research and Markets, a leading source for international market research and market data, headquartered in Dublin, Ireland.Advertisement
A&A

Electronic Payments Getting More Attention in May

This month, banks, credit unions, non-profit associations, businesses, and governments across the nation are asking consumers to increase their use of Direct Deposit and Direct payment in place of paper checks.
A&A

Young Farmers Optimistic about the Future of the Family Farm

More than 95 percent of young farmers and ranchers surveyed at the Farm Bureau’s Young Farmers and Ranchers annual meeting held in Des Moines, Iowa, last month said that they see a future for their children in farming and ranching, the Prairie Star reports. Last year 89 percent saw a future for their farms.
Practice

Internal Communication in the Electronic Age

After three months or more of busy season, after picking up 20 voice mail messages every morning and attempting to clear out the pile of unread messages in email boxes that may or may not be spam, managers and employees in most accounting firms are looking to reconnect personally, to talk about results, goals for the coming year and the roles they will play in accomplishing these goals.Adve
A&A

Small Businesses Saved $6.6 Billion in 2006 Thanks to Advocacy

The Office of Advocacy of the Small Business Administration (SBA), the “small business watchdog” of the government, saved small businesses more than $6.6 billion during fiscal year 2005, according to a statement released last week.
A&A

Formulas for Success in Family Businesses

Families who have been successful in operating a business together find that working and living together is not as big a challenge as it might seem if family members communicate, make time to have fun and above all, work hard, according to a report in the Shreveport Times. “You’ve got to be there.
Practice Management

The Invisible Employee: The Potential of Under-Performing Employees

The Invisible Employee is a new book offering managers proven techniques for revitalizing their workforce and improving the performance of underperforming staff members.
A&A

Alternative Approaches to Accounting Outsourcing

Clients are turning to their accounting firms to provide “resource services” -- full-time accounting professionals who work on special projects on a contract basis at the CFO or controller level, the Philadelphia Business Journal reports. Resource servicing differs from typical staff or consulting outsourcing because the client manages the project, and the positions are high level.

Various Routes: Changes Aid Safety and Sanity

Can someone watching you tell where you are going just by the direction you take when leaving home or the office? Do you feel stuck in a daily grind? Does your daily travel seem to be taking longer and longer?

Top 20 Lifestyle Trends Affecting Global Business

What social developments will create new growth opportunities and/or challenges for global businesses in the future? The Top 20 Trends report from Social Technologies, a Washington D.C.-based research and consulting firm, identifies the most important trends affecting consumer lifestyles in 2006 and predicts where they will go in the future.

Ignore the Tip Jar but Not the Maid

Tip jars are turning up everywhere in America these days. Don’t feel guilty if you ignore the ones at fast food establishments, even coffee shops, if they don’t bring food or beverages to the table. Tip jars are often placed so conspicuously that employees at self-serve businesses, from gas stations, convenience stores, hot dog carts, coffee houses and fast food restaurants, are being rewarded for service they are not providing. In the meantime, people who do provide service are often overlooked, especially when we travel around the country.Tips are not just rewards for good service.
Community News

Research Shows Myths Behind U.S. Social Mobility

Is there any more 'American' story than the immigrant who earns success through hard work, determination and sheer grit?Advertisement

Vacation Costs Increasing

The American Automobile Association’s (AAA’s) Annual Vacation Costs survey found that the overall cost of taking a vacation this year has increased 5.4 percent from the previous year.
A&A

Concierge Not Just for Guests

One of the great thing about staying in a great hotel is having access to a concierge. A good concierge can make a trip easier, more productive and more enjoyable. A great concierge can make a trip almost magical. Unfortunately, you can’t bring them home with you.
A&A

Conference Speakers Offer Insight Into Lean Accounting

The concept of lean accounting has been grabbing considerable attention lately.
Technology

E-Filing Sets Record, IRS Urges Taxpayers to E-File for Extensions

As of Thursday, April 13, a record 17,629,832 returns have been e-filed, according to the Internal Revenue Service (IRS). That’s a 15 percent increase over the previous years, with two business days yet to go. “We are seeing the greatest growth for e-file among those filing from a home computer,” said IRS Commissioner Mark W. Everson in a prepared statement. “We have already surpassed last year’s total, and people can e-file, with an extension, until Oct.
Tax

Internal Auditing Gaining in Popularity

With internal auditors taking a more prominent role in U.S. companies, the popularity of the field is surging."Our membership has more than doubled in the last 10 years," said Trish Harris, director of communications for The Institute of Internal Auditors (IIA).
Tax

Refund-Anticipation Loans Under Fire

Widely advertised and promoted by U.S. tax preparation companies, refund-anticipation loans are a $1.6 billion market in this country. Jackson Hewitt has seen their latest quarter, ended January 31, beat their quarter revenue estimates. The Asbury Park Press reports that their Money Now loan program has helped the price of its shares swell by more 8.8 percent in a year.

The Science Behind Snap Decisions

Sometimes you just know things. But did you know that at those times your unconscious is really processing hundreds, thousands, even millions of pieces of information without your being aware of it? Blink the new book by Malcolm Gladwell, explores how we make intuitive decisions and how anyone can hone the skill into valuable tool for business and life.Blink is in many ways a book about psychology. As with most psychology books, the more you read the more symptoms described in the book you find in yourself.
Community News

Outsourcing Goes Global; Small and Mid-Size Companies

IBM Global Services and Accenture, US companies that provide outsourcing services, are adding staff in China, Hungary, the Czech Republic and Brazil, and even some of India’s giant outsourcing companies, like Tata Consultancy Services, are themselves looking to send some functions to other countries, forbes.com says.

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Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
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