AccountingWEB Weekly News Wrap-up - Issue 53

The AccountingWEB Friday Wrap-Up Newswire - Issue 53

July 28, 2000

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* * * This week's newswire is sponsored by Virtual Growth * * *

http://www.virtualgrowth.com

IN THIS WEEK'S NEWSWIRE:

1. Showdown with the SEC
2. Death and Taxes
3. What's a 'Cognitor?'
4. Health Care, Taxes Vex Small Business Owners
5. 10 Steps to Implementing a Client Service Strategy
6. Tips for Maximizing Home Office Phone Lines
7. Excel Tip: Change Excel Default Settings
8. IRS Backing Away from Traditional Collection Efforts
9. Microsoft's New Office.NET in the Works
10. Maintaining Independence Within a CPA Firm

Editor's Note
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This week the SEC conducted public hearings for the purpose of soliciting opinions on their proposed regulations to limit the scope of services provided by audit firms. AccountingWEB provided coverage of the entire event, the results of which may well effect everyone in the accounting industry. Our first story in today's newswire will lead you to a complete summary of the first round of SEC/Auditor Independence hearings.

Gail A. Perry
Managing Editor
mailto:gperry@accountingweb.com

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AccountingWEB's Free Online Workshop Schedule
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Be sure to mark your calendars for these upcoming workshops, and tell others in your firm to join you online!
http://www.accountingweb.com/workshop

August 1, 4:00pm Eastern Time -
"SysTrust"
Featuring Erin Mackler of the AICPA

August 8, 4:00 Eastern Time –
"The Status of CPA Firm Consolidation in the USA"
August Aquila of American Express

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1. Showdown with the SEC
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Accountants everywhere are wondering if the SEC is going to require firms to limit their scope of services and provide only audit-related services to clients. Read a complete summary of the first day of hearings before the SEC, including testimony from three of the Big 5 CPA firms.
http://www.accountingweb.com/item/22814/101

2. Death and Taxes
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Michael B. Allmon, Chairman of the Estate Planning Committee of the California Society of CPAs, has provided AccountingWEB readers with his insights into the area of estate taxation, including a suggested alternative to the current debate over estate tax in Congress
http://www.accountingweb.com/item/22968/101

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Ryan Carmen at mailto:rcarmen@accountingweb.com

3. What's a 'Cognitor?'
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The AICPA is considering issuing a new designation for CPAs. Do you want to be a cognitor when you grow up?
http://www.accountingweb.com/item/22932/101

4. Health Care, Taxes Vex Small Business Owners
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A recent survey highlighted the biggest problems small business owners face. This list will make a great reference guide to the kind of services your clients need.
http://www.accountingweb.com/item/22955/101

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Do You Track the Internet Activities of Your Employees? Does Your Boss Read Your E-Mail?

VOTE IN THE ACCOUNTINGWEB ONLINE POLL!

The American Management Association recently published the results of a study in which they found that nearly 75% of major U.S. firms monitor their employees' email, phone conversations, Internet connections, and other activities on the job. As an employer, do you feel it is your right to know what your employees are doing when you are paying them to perform a job? As an employee, are you concerned about having your employer monitor your communication and activities while at the workplace?

Take a moment to cast your vote today, and see how your peers are voting.
http://www.accountingweb.com/poll
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5. 10 Steps to Implementing a Client Service Strategy
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This week's AccountingWEB free workshop featured Stephanie Leon of Results Accountants' Systems who shared valuable tips and ideas for developing client services.
http://www.accountingweb.com/item/22987/101

6. Tips for Maximizing Home Office Phone Lines
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ISDN? DSL? Cable? Satellite? If you have a home office, you have probably considered adding an extra phone line or a dedicated line for your computer or fax. How do you know which type of service to choose?
http://www.accountingweb.com/item/22636/101

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GET COMPANY CREDIT REPORTS DIRECT FROM ACCOUNTINGWEB

Dun & Bradstreet reports are now available to you on a pay-per-view basis on AccountingWEB to help you do your job better, quicker and easier. Find D&B Rating, company history, and operation performance; special events, payment patterns, and company changes; the firm's recent financial history, including any public filings and lending experiences; and an overview of the company's history. Reports start at $25. Go to:
http://www.accountingweb.com/winstar/duncred.html
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7. Excel Tip: Change Excel Default Settings
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If you use Excel regularly, you've probably wished you could make some changes to the default settings. A different typeface, perhaps, or a decimal number format? Maybe you'd like to change the default margin settings, or utilize a standard footer. Here's how to change those defaults so every worksheet will contain the style you prefer.
http://www.accountingweb.com/item/22988/101

8. IRS Backing Away from Traditional Collection Efforts
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The IRS is short of personnel and funds and the result is fewer audits. Is anyone complaining?
http://www.accountingweb.com/item/22689/101

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9. Microsoft's New Office.NET in the Works
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Just when you thought Microsoft had figured out what every office needs, they come up with a NEW office program. The latest office software will be sold on a subscriber basis and will utilize the resources of the Internet.
http://www.accountingweb.com/item/22960/101

10. Maintaining Independence Within a CPA Firm
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In case the SEC really does crack down on auditor independence, you can be one step ahead of the game. Here are some tips for making sure your firm keeps the distinction between audit and non-audit services crystal clear.
http://www.accountingweb.com/item/22856/101

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