AccountingWEB Weekly News Wrap-up - Issue 80

The AccountingWEB Friday Wrap-Up Newswire - Issue 80
February 2, 2001

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FREE PRODUCT OFFER

In a recent study, employees ranked Payroll Direct Deposit equally as important as 401K programs. And Employers said it’s the easiest employee benefit program to administer. Offer your clients Payroll Direct Deposit with your payroll services. Our FREE Custom Proposal gives you the cost per payroll and sets the timeline for implementation. Now you’re armed.

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

1. IBM Pulls Negative Ad on AICPA Request
2. 55% of Americans Don't Know Cost of Retirement
3. Tax Tip: What To Do If You Haven't Received a Form 1099
4. Web Reference Tools - Smart Cursor Downloads
5. Free Pizza and Doughnuts for Tax Season!
6. Plant Seeds in Tax Season for Bountiful Summer Harvest
7. Oops! IRS Letter to Taxpayers Contains Misinformation
8. Free Accounting-Related Downloads on the Internet
9. H.D. Vest Launches Free Tax Return Program for 2001
10.Tips for Financial Planning in Your Practice

Editorial:

The AccountingWEB elves have been busy this week putting finishing touches on the newest site feature, the TaxZONE. Additions to our site include a special location for the latest tax news, tax tips, a collection of useful links, tax calculators, tax tables, reference material, a tax calendar, and more.

This new resource area is designed with the busy tax practitioner in mind. Our job is to put all the resources you need in one place, so that you can do your job more efficiently. We welcome your suggestions as we continue to expand our site to meet your needs.

Check out the TaxZONE

Gail Perry
Managing Editor
mailto:gperry@accountingweb.com

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1. IBM Pulls Negative Ad on AICPA's Request
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Some people just can't take a joke. The AICPA balked when IBM suggested that CPAs might be unnecessary. An official apology is expected.

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2. 55% of Americans Don't Know Cost of Retirement
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Do you know how much it is going to cost you to retire? Do your clients know the answer? Surprisingly, the closer people get to retirement age, the less likely it is that they understand how much money they are going to need to sustain their current lifestyle.

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3. Tax Tip: What To Do If You Haven't Received a Form 1099
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1099 forms should be filling mailboxes this week. But what are you supposed to do if that expected form doesn't arrive?

FEATURED PAYROLL SERVICE

In a recent study, employees ranked Payroll Direct Deposit equally as important as 401K programs. And Employers said it’s the easiest employee benefit program to administer. Offer your clients Payroll Direct Deposit with your payroll services. Our FREE Custom Proposal gives you the cost per payroll and sets the timeline for implementation. Now you’re armed.

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4. Web Reference Tools - Smart Cursor Downloads
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Turn your cursor into on onboard reference library with these tools for instant thesaurus, dictionary, encyclopedia, and search engine gratification at the click of your mouse.

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5. Free Pizza and Doughnuts for Tax Season!
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AccountingWEB wants to help you keep up your energy level during this tax season. Enter our contest and we'll keep the pizza and doughnuts coming!

AccountingWEB Resource 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.

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6. Plant Seeds in Tax Season for Bountiful Summer Harvest
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AccountingWEB's workshop with David Cottle, author and Certified Management Consultant featured tips for initiating year-round tax planning opportunities when you have your clients' attention this tax season.

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7. Oops! IRS Letter to Taxpayers Contains Misinformation
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Nearly 300,000 taxpayers received correspondence from the IRS that contained erroneous advice.

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8. Free Accounting-Related Downloads on the Internet
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Hundreds of web sites are offering accounting-related programs for free. Are you helping your clients and colleagues take advantage of these resources?

AccountingWEB Special 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?

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9. H.D. Vest Announces Free Tax Return Program for 2001
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For the second consecutive year, H.D. Vest is offering its free on-line tax filing service for individuals.

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10. Tips for Financial Planning in Your Practice
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What are you currently doing to help your clients prepare for their financial future? Joe Tucciarone, founder of the National Network of Accountants, presented a live workshop and shared his tips for offering financial planning services.

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AccountingWEB's Upcoming Online Workshop Schedule
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Be sure to mark your calendar for the following free workshops!
All workshops are from 4:00 - 5:00 Eastern Standard Time

Tuesday, February 6, 2001
"Motivating Partners and Staff to Marketing Action"
Presenter: Allan Boress, trainer, and author of "The I Hate Selling Book"
Add to Outlook calendar

Thursday, February 8, 2001
"Trashing the Timesheet: A Declaration of Independence"
Presenter: Ron Baker, author of "Professional's Guide to Value Pricing"
Add to Outlook calendar

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

AccountingWEB Poll

It appears that the majority of respondents to our recent poll on alternative career paths feel that keeping and promoting skilled workers to do not want to pursue the partnership path is not a serious problem. To date, 38% of poll participants have indicated this issue is not applicable in their firm, 25% address it on a case-by-case basis, and 19% have not addressed the issue at all. Take a look at the results and cast your vote.

Q&A Forum
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Whether you have questions on tax related items, software downloads or need to find an answer to a problem, AccountingWEB's Q&A Forum is the place to go. Here are some of our latest questions. Click on the link(s) below to offer your insight and feedback:

* What criteria are used in determining the need to make a valuation allowance for a deferred tax asset?
http://www.accountingweb.com/item/37487/101

* What route should a Chartered Certified Accountant follow to become a CPA in the United States?
http://www.accountingweb.com/item/37132/101

* What are the IRS notification requirements for converting an S-Corporation to a C-Corporation? And must a cash basis S-Corporation convert to accrual basis when it becomes a C-Corporation?
http://www.accountingweb.com/item/36803/101

* Can an S-Corporation hold its annual meeting outside the United States and deduct the related expenses?
http://www.accountingweb.com/item/37036/101

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 Lavrentiy Mikhaylevsky, Sherillia Massicot Pierre, Charles Kealy, John Kurack, Harry Kafka, Stanton Herzog, and Nicholas Lee for recent comments and answers to questions.

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