AccountingWEB Weekly News Wrap-Up - Issue 188
- SEC Rebukes AICPA on Standards-Setting Posture
- H&R Block Accused of Misuse of Consumer Data
- Ex-Con Tells How Auditors Fail to Help Clients Guard Against Fraud
- European Commission Dashes Hopes For Audit Liability Caps
- Free File Program Proves Popular With Taxpayers
- Former Enron Accountant Writes Tell-All Book
var Uncertainty Shades CFOs' Revenue Predictions
- Social Security: "Not Sustainable For Long-Term"
- Caifornia E-Tax Filing System Irks Software Makers
- Be Recognized For Your Firm's Ethics
Visit the AccountingWEB News page for all of this week's
It has been said that the best way to ensure that you are NOT busy next year is to act TOO busy this year to properly service your clients or court your prospects. I want to share the frustration of some recent experiences as a prospect, just to highlight how easy it is to turn someone off to your services.
Over the last two weeks, I have left multiple phone messages with three (non-accounting related) organizations that I want to either join as a member or hire as a client and none of the three organizations has yet called me back. In all three cases my initial voice message was as a prospect seeking information. My second message several days later was a statement that I want to do business with them and could they please call me back. My final message, two weeks after the original call, was to please have the courtesy of having someone call me if they are not interested in my business, so I can find alternatives if necessary. Still, I've heard nothing but silence.
I'm confident that none of you would treat your potential
clients this way. But if you know of someone who might need a reminder about prompt response, no matter how busy they are, please pass this message of frustration along!
Michael Platt, CEO
You will experience an unprecedented level of ease and efficiency when you systematize the accounting processes throughout your organization. Here are the tools that can help standardize the accounting department of a small company, corporate business or a public accounting firm. Find out more today! Download the FREE SAMPLE of Travel & Business Reimbursement Expense today.
The SEC wants the AICPA to know, in no uncertain terms, who's in charge of standard setting. Following the release last week of an AICPA exposure draft on internal control reporting, the SEC expressed strong concerns that the AICPA is creating the perception that they are more involved in the standard setting process than they really are.
H&R Block's marketing efforts are again stirring controversy as several consumer groups alert the Treasury Department this week of alleged privacy violations by H&R Block of data collected from taxpayers using the IRS' Free File program.
Julian Block Tax Guides allow the user a license to reprint the information enclosed in the document for client and staff communications (not for commercial redistribution.) This is a downloadable 42 page MS Word Document (240k). Find out more now.
Mark Morze has the dubious distinction of having perpetrated one of the biggest and most brazen financial frauds in American history, serving as "president" of ZZZZ Best's insurance restoration business. Mr. Morze, who spent over four years in prison and is now helping auditors discover fraud, shares over 30 questions that the auditors should have asked that would have stopped him dead in his tracks.
With a declaration that unlimited liability on auditors is a "quality driver," the European Commission has all but closed the door on any discussion of limiting the size of lawsuits that can be levied against accounting firms that perform public audits.
The Internal Revenue Service (IRS) has announced that as of
last week more than two million taxpayers have used Free File, a program offered by the IRS and private companies. Free File allows taxpayers to prepare and file their taxes online for free.
Individual subscribers gain full, unrestricted access for one year to all premium areas of the AccountingWEB Web site. This subscription includes, but is not limited to, Feature Articles, Special Discount Offers, Software Tips, Human Resources Tips and Trends, Marketing Tips, Technology Tips, Practice Management Ideas, Communication and Personal Development Strategies, Vendor Offers, Archived Material and much more! Sign up today for only $49 a year and get your FREE download today!
She was Time magazine's co-Person of the Year and the inspiration for Congress inserting whistle-blowing protections into the Sarbanes-Oxley Act. Now, Sherron Watkins, the former vice president at Enron, tells her story in the book, Power Failure: The Inside Story of the Collapse of Enron.
Deductible Taxes: Did you know that you may be able to deduct certain taxes on your federal income tax return? There are three types of deductible non-business taxes.
Ten Ways to Avoid Problems at Tax Time: Looking for ways to
avoid the last-minute rush for doing your taxes? The IRS
offers these tips.
For Chief Financial Officers of U.S. companies, a short successful war will mean positive revenue growth over the next year according to the March "CFO Outlook Survey," conducted this week by Financial Executives International and Duke University's Fuqua School of Business.
The Social Security Board of Trustees has declared that the
Social Security program is not sustainable over the long term. The 2003 Social Security Trustees Report does extend the projected solvency of the trust funds by one year.
If you missed any of the four parts of the AccountingWEB Busy Season Stress Busters, check this out!
Until this tax season, taxpayers in California who wanted to file electronically had to use tax-preparation software for a fee ranging from $5 to $30. But now, Californians can use a state-supported system that allows them to send in their taxes for free and private companies aren't happy about it.
America is experiencing a crisis of confidence in the way business operates. To help identify those businesses that exhibit high moral and ethical standards, the Council of Better Business Bureaus is once again holding a National Torch Award for Marketplace Ethics competition, and it is a great opportunity for local CPA firms to make a strong, positive public relations statement in your local community.
Below is a sampling of the Premium Content available to Premium Subscribers on the AccountingWEB Web Site. You can subscribe today for just $49/year and get a FREE 35-Marketing Tips document upon registration. If you have not yet upgraded your membership to the $49/year Premium Service, just click here to sign up now.
Visit the Premium Content Page for more articles available to all Premium Members/Subscribers.
This E-booklet covers eight key strategies to avoiding the probate money pit, including how to: set up payable-on-death bank accounts; name a beneficiary for retirement accounts; register stocks & bonds, and vehicles, in transfer-on-death forms; hold property in joint ownership; take advantage of special procedures for small estates; create a living trust; give away property now. Includes worksheets and sample letters, as well as state-by-state charts that pinpoint which strategies are viable in each state. Download for just $19.95.
Visit the AccountingWEB.com 2003 Tax Calendar today.
Let AccountingWEB help your organization help your organization customize a marketing campaign for your products and services. Get your message in front of our audience of accounting and finance professionals today. Our team can help you uncover promotional opportunities that are right for you.
You may modify your newswire subscriptions, cancel your newswire delivery or change your password information by visiting the Profile Page on our secure server.
Subscribe to the AccountingWEB Premium Subscription Service. For full, unrestricted access to all articles on AccountingWEB, become a premium subscriber for just $49 a year!
All rights reserved.
"To inform, to enrich, to enlighten, to entertain."