AccountingWEB Weekly News Wrap-up - Issue 78


The AccountingWEB Friday Wrap-Up Newswire - Issue 78

January 19 2001

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* * This week's newswire is sponsored by HD Vest * *

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* *LATEST NEWS* *LATEST NEWS* *LATEST NEWS* *

1. File W-2s and 1099s Online - Quickly and Inexpensively
2. PricewaterhouseCoopers to Cut 400 Consultants
3. Giant Leap for IRA Simplification
4. Managing Your Work Time for Maximum Effectiveness
5. Tax Tip: New 1040 Checkbox Reduces IRS Notices
6. KPMG Raises Price, Cuts Shares for IPO
7. Tailor Your Day for Productivity: Focuser or Juggler Quiz
8. EY Offers FAS 133 Simplification Solution
9. Using Industry Profiles to Improve Your Business
10.Accounting Issues in Government Contracting

Editorial:

There are less than two weeks left for filing W-2 and 1099 forms. Although the government copies of these forms don't have to be filed for another month, employees and recipients of 1099 forms expect their forms to be in the mail by January 31. For those of you who are still scrambling to get the job done for your business or your clients, AccountingWEB has discovered a Web site that may come to the rescue of many small businesses and independent accountants. Our first story this week describes a process for filing these forms online.

If you are rethinking the way in which you prepare and disseminate W-2s and 1099s, consider attending the AccountingWEB workshop room Thursday to learn about options available for outsourcing payroll taxes. And if payroll tax returns are getting the better of you - take a break with our quick tips and tricks for beating busy season stress - highlighted in the Editorial column on the home page of AccountingWEB.

Gail Perry
Managing Editor
mailto:gperry@accountingweb.com

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AccountingWEB's Online Workshop Schedule
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Be sure to mark your calendar for the following free workshops, and encourage others in your firm to join you online! All workshops are from 4:00 - 5:00 Eastern Standard Time
http://www.accountingweb.com/workshop

Tuesday, January 23, 2001
"Favorite QuickBooks Tips and Shortcuts"
Presenter: Gail Perry, CPA
Author of "Using QuickBooks and QuickBooks Pro"
Add to Outlook calendar: http://www.accountingweb.com/workshop/jan23.vcs
Sponsor: National Payment Corporation
http://www.directdeposit.com/acctweb.html

Thursday, January 25, 2001
"Payroll - The Benefits of Outsourcing"
Presenter: Robert Basso of Advantage Payroll Services

Are you interested in presenting an AccountingWEB workshop? If so, please contact us.
Gail A. Perry
Managing Editor
mailto:gperry@accountingweb.com

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1. File W-2s and 1099s Online - Quickly and Inexpensively
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Learn about a Web site that may be able to help you get those January forms filed on time.
http://www.accountingweb.com/item/36297/101

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2. PricewaterhouseCoopers to Cut 400 Consultants
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The slashing continues. Last week 100 UK partners lost their jobs, now the US consultancy ranks are being slashed. Find out why.
http://www.accountingweb.com/item/36014/101

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3. Giant Leap for IRA Simplification
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Effective immediately, a new, simplified method for calculating IRA distributions will simultaneously make life easier for taxpayers and the IRS.
http://www.accountingweb.com/item/36283/101

FREE OFFER


Offer your clients a FREE personalized financial website provided by YOU. MyHDVEST.com is a personalized life planning portal that you can offer to your clients to increase your exposure everyday.
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4. Managing Your Work Time for Maximum Effectiveness
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Smart time management can help you get more done than you ever thought possible. Learn the keys to working efficiently.
http://www.accountingweb.com/item/35900/101

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5. Tax Tip: New 1040 Checkbox Reduces IRS Notices
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Our tax tips will continue throughout the spring. This tip provides information about a new feature on the 2000 tax forms that is great news for tax preparers. Check it out!
http://www.accountingweb.com/item/36175/101

AccountingWEB site feature


Don't miss AccountingWEB's digest of tax tips offered on our site throughout this tax season. Visit our tips area and make sure that you cover all your bases with your clients.
http://www.accountingweb.com/item/35497/101

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6. KPMG Raises Price, Cuts Shares for IPO
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KPMG Consulting is still planning to go forward with its initial public offering, but the terms have changed considerably from those announced last year.
http://www.accountingweb.com/item/36423/101

FREE OFFER


Offer your clients a FREE personalized financial website provided by YOU. MyHDVEST.com is a personalized life planning portal that you can offer to your clients to increase your exposure everyday.
http://ads09.focalink.com/SmartBanner/page?24686.3


* * * * * * * * * * * * * * * * * * * *
7. Tailor Your Day for Productivity: Focuser or Juggler Quiz
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Are you a focuser or a juggler? Take this quick quiz and determine how you balance your daily activities. Gaining an understanding of your own work style will help you stay organized during the busy work season ahead.
http://www.accountingweb.com/item/36326/101

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8. EY Offers FAS 133 Simplification Solution
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If you work in the confusing area of hedging and derivatives, here's some much-needed help. Ernst & Young and Aspect, a provider of Internet-based financial risk management systems, have teamed to provide a software solution to facilitate compliance with FAS 133.
http://www.accountingweb.com/item/35978/101

AccountingWEB site feature


Did you know that you can get company information such as company profiles, credit reports, trademarks, patents, market research, industry news and more from AccountingWEB? Go to
http://www.accountingweb.com/winstar

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9. Using Industry Profiles to Improve Your Business
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If you call on small business clients, you won't want to miss this resource. Wil Brawley of First Research and Michelle Golden of Golden Marketing Resources, Inc., provided AccountingWEB workshop participants with valuable information about the many uses of Industry Profiles, available on AccountingWEB.
http://www.accountingweb.com/item/36031/101

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10. Accounting Issues in Government Contracting
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How is accounting for government contracting jobs different from regular cost accounting? This AccountingWEB workshop provided all the answers to questions about this specialized field.
http://www.accountingweb.com/item/36413/101

Q&A Forum
========================

Whether you want to test your technical expertise or find an answer to a problem, AccountingWEB's Q&A Forum is the place to go. Here is one are some of our latest questions. Click on the link(s) below to offer your insight:

* What are the criteria for justifying fixed asset write-downs?
http://www.accountingweb.com/item/36180/101

* Are there situations where you can count some of your January 2001 transactions on your 2000 tax return to mitigate capital losses?
http://www.accountingweb.com/item/36173/101

* How should a deferred compensation plan be presented on financial statements?
http://www.accountingweb.com/item/36165/101

* What questions should a banking and finance student expect in an interview?
http://www.accountingweb.com/item/36119/101

Visit the Q&A Forum and share your ideas! Simply click on the Add Comments option at the bottom of any question to add your response and comments.
http://www.accountingweb.com/help/anyanswers.html

Many thanks to Mario Lewin, D. Jothy, Melissa Fularczyk, and Puja Shah for recent comments and answers to questions.

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