Trends

Technology

AICPA Outlines Top Emerging Technologies for 2005

Each year, the AICPA Top Technologies Task Force prepares a “watch list” of five emerging technologies that may not have viable commercial acceptance currently, but show promise in the next 24-36 months as having a potential impact on businesses and individuals.
Technology

Information Security Tops Technical Issues for 2005

For the third consecutive year, Information Security is the country’s number one technology concern, according to the results of the 2005 Top Technologies survey of the American Institute of Certified Public Accountants.
Community News

Setting New Year's Resolutions at Work? Better Get Your Mouth in Shape First

Keeping your New Year's resolutions this year may require more word power than will power. According to a recent VitalSmarts survey, 69% of people are setting New Year's resolutions relating to things they want to change at work.
Community News

Survey Reveals Most Annoying Terms, Phrases Used in The Workplace

Companies claiming to create "synergies" in an effort to develop a "value-added" "paradigm" that leads to new "solutions" may want to be strategic in another way: not going overboard with cliché phrases and industry jargon. According to a recent survey, terms such as these are among the most overused in the workplace. The national poll includes responses from 150 senior executives including those from human resources, finance and marketing departments with the nation's 1,000 largest companies.
A&A

SBA Implements New Policy to Report on Small Business Federal Contracting

The U.S. Small Business Administration today implemented a new policy that enables the federal government to more accurately monitor contract awards when a small business is purchased or merged with a large business through the process of novation.The new policy requires a business to recertify itself as small for federal contracts transferred to it from another business if the contract is to continue being counted as a small business contract. It will also assist small businesses in obtaining contracts as federal agencies seek out new small businesses for contracting opportunities.
Community News

The Kinder, Gentler Law Firm? Trends to Emulate

When you think of words to describe a law firm's culture, what comes to mind? Formal? Competitive? Not so, say attorneys. When surveyed recently about their work environments, the top adjectives used were "team oriented" (76 percent), "family friendly" (36 percent) and "casual" (30 percent).
Tax

New Study Sheds Light on Corporate Tax Shelters

A study by researchers from Duke University and Pace University found that use of corporate tax shelters not only allows organizations to avoid billions of dollars in annual tax payments, it may also help companies artificially enhance their attractiveness to investors by reducing levels of debt.
Community News

Top Trends in Banking, Securities and Asset Management for 2005

Deloitte & Touche's annual Global Financial Services Industry Outlooks examine the trends that industry executives, investors and consumers can anticipate in 2005. Based on the firm's in-depth experience in the financial services industry, it expects these trends to include: Banking: Getting Closer to the Retail CustomerIn order to benefit from the retail market's growth opportunities and stable revenue streams, banks will need to learn from leading retailers how to use their branches to build relationships with customers and differentiate their brands.
Tax

Survey Shows Consumers are Unaware of Increase in Fake Insurance

At this time of year, there is no room in the budget for purchases that do not deliver value.
A&A

'Franchising is Small Business at Its Best', Tax Services Franchise Tops List

For the 26th year Entrepreneur magazine is pleased to announce the top franchise opportunities. The Top 10 franchises for 2005 are: Subway Curves The Quiznos Franchise Co. Jackson Hewitt Tax Service The UPS Store Sonic Drive-In Restaurants Jani-King 7-Eleven, Inc. Dunkin' Donuts RE/MAX Int'l, Inc. America has stepped up to the sandwich bar once again - Subway comes in at No. 1 for the 13th time in 18 years.
Community News

Overcoming Resistance to Change in Your Organization

By, Dr. John C. Bruckman - A generation has grown up since the scientist and novelist C.P. Snow wrote that, until this century, social change was "so slow that it would pass unnoticed in one person's lifetime. That is no longer so. The rate of change has increased so much that our imagination can't keep up. Two of the most critical elements of leadership are the introduction and management of change. Many leaders have little or no training in the process.
Tax

'Tax Buster' Internet Tax Scam Halted

The Justice Department announced on Tuesday that a federal court in Atlanta has halted a tax scheme that promises customers they can avoid income tax by “renouncing” their Social Security numbers and claiming to be “sovereign citizens.” The preliminary injunction order entered against Jonathan D. Luman, of Stockbridge, Georgia, blocks sales of his “Tax Buster” program.
Technology

The CIO's Transformation from Technology Steward to Business Leader

Unprecedented new governmental regulations, such as the Sarbanes-Oxley Act, increased global threats and a higher degree of vulnerability and risk have magnified the importance of information technology in growing and protecting shareholder value. Chief information officers, the traditional stewards of IT, are at the very epicenter of business transformation-either enabling or inhibiting change.
A&A

Self-Employment Up Sharply For Women, Blacks, And Latinos

Self-employment rates for women, blacks, and Latinos have risen sharply since 1979, according to a study released this week by the Office of Advocacy of the U.S. Small Business Administration. During the period, self-employment rates increased across ethnic groups and gender, with an overall increase of more than five percent.“Self-employment is a critical part of our economy,” said Thomas M. Sullivan, Chief Counsel for Advocacy. “Self-employment provides the main source of income for a diverse group of over 12 million Americans.
Technology

Microsoft Introduces MSN Toolbar Suite Beta With Desktop Search

Microsoft Corp. on Monday introduced a beta version of its new MSN® Toolbar Suite, with breakthrough desktop search functionality that helps consumers quickly find virtually any type of document, media file or e-mail message on their Windows®-based personal computer. Now consumers don't have to spend valuable time sifting through an enormous amount of information; instead, they can quickly find precisely what they need.
Technology

Debit Cards and Plastic Give Edge Over Paper

A survey conducted by the Federal Reserve confirms that electronic payments in the United States have exceeded check payments for the first time during 2003. Americans made over 44.5 billion electronic payment transactions in 2003, while the number of checks paid totaled 36.7 billion, according to recent surveys of U.S. depository financial institutions and electronic payments organizations. Electronic payments consist of such payment methods as credit cards, debit cards and automated clearinghouse (ACH) transactions, like direct debit.
Technology

Infatuation with E-mail Dies as Companies Demand In-Person Contact

Some companies are quickly losing their love of e-mail and its promise of speedy communication, opting instead for old-fashioned, face-to-face conversation.An onslaught of spam combined with the frustrations of not-so-quick responses to e-mail requests is prompting some companies to limit how much time their employees spend on e-mail, USA Today reported.Chicago-based U.S. Cellular, for example, has banned e-mail on Friday for at least the rest of the year. Veritas Software's marketing department also implemented a Friday e-mail ban among on-site employees at the Mountain View, Calif.
Tax

Deloitte Outlines $50 Million Expansion Plan for India

Deloitte's global CEO, William G. Parrett confirmed on Thursday the expansion plans for India. Deloitte local investment will be in excess of $50 million over the next 5-6 years.The expansion includes the recently announced addition of 2500 people to support the local practices and global activities in India.In addition, Deloitte’s member firms (in India) are expecting annual revenue growth of over 20 percent per year for the next 4 years.In his first visit to the sub-continent as Global CEO, William G. Parrett said, “India is a priority market for Deloitte globally.
Community News

Big Four Accounting Firms Steering Clear of Risky Business

Statistics from research firm Audit Analytics indicate that the Big Four firms are dropping clients at record rates, and the trend is increasing. Since the auditing nightmares at Enron were exposed three years ago, audit firm resignations among the Big Four have increased from 18% of all departures from auditing assignments in 2001 to 34% in 2004. Just in the first three quarters of this year, the Big Four firms have resigned from a total of 157 U.S.
Education & Careers

Business Growth Continues to Fuel Demand for Accountants

Chief financial officers (CFOs) surveyed for the Robert Half International Financial Hiring Index expect a net 5 percent increase in the hiring of accounting professionals in the first quarter of 2005, down one point from the previous quarter's forecast but three points above projections made this time last year. Nine percent of executives polled plan to add staff, and 4 percent anticipate reductions in personnel. Eighty-six percent of respondents foresee no change in staff levels. The national poll includes responses from 1,400 CFOs from a stratified random sample of U.S.

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