Trends

Community News

Some Accounting Firms Offering Large Raises to Keep Talent

Accounting firms across the nation are coming up with big bucks to keep their staff accountants from jumping ship, with some offering raises of more than 10 percent to two- to seven-year employees.
Community News

Financial Planner, CPA Join Forces to Assist Clients

Accountants are often allowed to sell financial products, but most hate it. Financial planners enjoy selling, but maybe too much.According to CPA Nick Hodges and financial planner Keith Offel, a different philosophy is required to help clients solve their problems.
Tax

Newly Release Study Says 82 Firms Paid No Income Taxes

According to a report issued this week by Citizens for Tax Justice (CJT) and the Institute on Taxation and Economic Policy (ITEP), many of the nations largest companies are paying little or no federal income taxes. The study examined federal income taxes paid by 275 of the country's largest, most profitable companies and found that the overall effective tax rate on these companies between 2001 and 2003 was 18.4 percent, nearly half the statutory 35 percent rate.Nearly a third of the companies paid zero taxes or received a rebate in at least one year between 2001 and 2003.
Community News

Americans Want Higher Corporate Citizenship Responsibility

Americans have serious and growing concerns about the depth and direction of corporate citizenship by the business community, according to a national opinion survey by GolinHarris. The recently completed corporate citizenship survey of 2,770 Americans, "Doing Well by Doing Good: The Trajectory of Corporate Citizenship in American Business," asked consumers if they felt U.S.

Writing Skills Necessary for Employment, Says Big Business

Poorly written job applications are a figurative kiss of death, and corporations spend several billion dollars annually improving writing among employees, according to a business survey released here today by a blue-ribbon group worried about the quality of writing in the nation's schools and colleges.The report, Writing: A Ticket to Work...Or a Ticket Out, A Survey of Business Leaders, concludes that the ability to write opens doors to professional employment.
Community News

Power Napping, the Latest Trend for Weary Workers

When you think of afternoon naps, you may conjure up memories of rest rugs on the kindergarten floor. But naps are not just for babies and toddlers anymore.Members of the accounting profession are joining adults from many professions in the latest energizing office trend – quick naps at the workplace. Indeed a National Sleep Foundation survey found that 33% of workers admitted they would take advantage of the opportunity to nap at work if their bosses allowed it.
Tax

House Votes to Bar IRS From Outsourcing Tax Collection

The House of Representatives took a strong step this week in support of America's taxpayers by voting to keep their private and sensitive tax information out of the hands of debt collectors.The action came in bipartisan approval of an amendment to the 2005 Transportation-Treasury spending bill that would prevent the Internal Revenue Service from using any funds to contract with private sector debt collectors to collect tax debts. The Senate is considering a separate version of the spending bill.The amendment's sponsor, Rep.
Technology

New Study Details Three-Year High in Tech Job Loss in U.S.

A new study detailing the magnitude of jobs losses in the U.S. high-tech sector since an economic recovery was declared three years ago was released this week. The report, entitled "America's High-Tech Bust" found that the U.S. high-tech economy continued to lose 200,000 jobs after the recession was declared over in November 2001 by the National Bureau of Economic Research. This is the first time a report has tackled the impact of the economic bust for high-tech workers at a national level.
A&A

CEOs Face Tough Options: When to Hire Independent Investigators

Chief executives are increasingly likely to consider conducting independent investigations to help resolve major legal and regulatory dilemmas and challenges to their companies' integrity, The Conference Board notes in a report released this week. Howard T. Anderson and Edwin Stier, authors of the report, are attorneys whose firm Stier Anderson, LLC, specializes in carrying out independent investigations.
Practice Management

Survey Highlights Traits Employees Want Most in Managers

To be a good communicator, a manager's actions should speak louder than words, suggests a new survey. Twenty-eight percent of workers polled said their bosses could be more effective by standing up for their staff when needed. Putting a lid on office politics was cited by 24 percent of respondents as a way for employers to improve communication.The poll was developed by OfficeTeam, a leading staffing service specializing in highly skilled administrative professionals.

Employers Use Housing Perks to Recruit, Retain Workers

With housing costs exploding across the country, “affordable housing” has taken on a whole new meaning.The term used to be associated with low-income housing, but no more. The middle class - firefighters, teachers, police officers, nurses, sales clerks and more - are increasingly unable to afford homes in the communities where they work.Employers are turning to housing benefits in growing numbers to attract talent and keep the workers they have, USA Today reported.
Technology

Executives Name Greatest Innovations & Innovators of Past 75 Years

Indicating a strong affinity to innovators in technology and tech leaders, more than half of 500 senior-level business executives named the personal computer (56 percent) and the Internet (51 percent) as the greatest innovations of the past 75 years, according to a recent survey conducted by BusinessWeek Research Services.Bill Gates (50 percent) and Steve Jobs (47 percent) were viewed as the most innovative CEOs.
Community News

CPA Poll Shows Employee Benefit Reductions Likely

Many New York state employers are likely to ask for employee benefit givebacks in an attempt to contain costs, according to a Labor Day Poll of CPAs in New York State.The New York State Society of Certified Public Accountants (NYSSCPA) conducts the Labor Day Poll to address current business issues and concerns around the State. The CPA Poll is a random sampling of the association's 30,000 members.According to the results, almost 60 percent of CPAs who responded said businesses are asking for employee contributions toward benefits.
Tax

New IRS e-service Revolutionizes Transcript Delivery

Tax practitioners can now request transcripts of their client’s tax records and receive them within minutes instead of days or weeks using a new online tool delivered through the IRS Business Systems Modernization program. The Transcript Delivery System (TDS) is the latest in a series of e-services that are revolutionizing how tax practitioners work with the Internal Revenue Service on behalf of their clients.Authorized tax practitioners use the new electronic tool to order tax account and tax return transcripts and other tax information for their business and individual clients.
A&A

Workers Reveal Top Barriers to Career Progress in Latest Survey

In addition to picnics and parties, three-in-ten workers have thoughts of a better career on their minds this Labor Day weekend.
Community News

Definition of ‘Good’ Management Must Be Redefined Says Deloitte’s Tinkler

Harold Tinkler, chief ethics and compliance officer for Deloitte & Touche LLP, told an audience of professors and MBA students that corporate decisions should not be based solely on stock price and that this practice is harmful to sound, sustainable corporate stewardship.In a speech titled “Ethics in Business: The Heart of the Matter,” given to the Darden Graduate School of Business Administration “First Year – First Week” MBA program at the University of Virginia, Tinkler said, “In my experience with public companies, the overemphasis – in fact, it is more like a fixation –
A&A

Study: CEOs Who Outsourced More Took Home Larger Salaries

A new study on executive compensation found that chief executives who sent the most service jobs overseas made more money last year than other CEOs.At the 50 companies that outsourced the most service jobs, average CEO compensation rose 46 percent in 2003. CEOs at the 365 big companies surveyed by Business Week saw an overall 9 percent increase in 2003, according to the study by the Institute for Policy Studies and United for a Fair Economy.The two groups put out an annual “Executive Excess” report.
Community News

Workers Say Technology Is Effective, But Want More Staff and Training to Boost Productivity

Among U.S. workers who use computers on the job, an overwhelming majority (91 percent) believe that their employers provide them with the computers and technical tools they need to do their jobs effectively, according to a new national Hudson technology survey. AdvertisementPricewaterhouseCoopers Comperio!
Community News

Dixon Hughes Forms Alliance to Address Coding Staff Shortages at Hospitals

Dixon Hughes PLLC and Global Healthcare Resources, Inc., a leading provider of medical processing services, have formed an alliance to offer outsourced medical coding solutions to hospitals.Timely and accurate coding of medical records is critical for healthcare providers to minimize the billing and reimbursement cycle and optimize cash flow. Diagnosis and procedure codes bridge the gap between the clinical and financial reporting sides of healthcare.

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