AccountingWEB Weekly News Wrap-Up - Issue 88

AccountingWEB Weekly News Wrap-Up - Issue 88
March 30, 2001

This Newswire Sponsored by: Andersen

This Week's News From AccountingWEB

1. Wells Fargo Buys H.D. Vest for $127 Million
2. Accenture Considering IPO
3. Partners - A Little Disagreement Can Improve Revenues
4. Pro2Net Calls it Quits
5. IRS Finds New Way to Track Tax Miscreants
6. Outsourcing the Practice Development Function – Workshop
7. Busy Season in the Internet Age Equals Business as Usual
8. 'Mr. CPA' Designation Denied.....For Now
9. Is High-Tech Your Niche? Survey Says It Should Be
10. Tax Tip: Where To File Your Tax Return


Financial Reporting Professionals – Looking for up-to-date electronic research, web-based SEC training and in-depth publications? Get the most comprehensive and interpretive sources for accounting and SEC matters. FREE 30-day trial of Accounting Research ManagerTM.


This week saw the confirmation from Internet pioneer Pro2Net (formerly AccountingNet) that they would be closing their doors after six years of serving the accounting profession. Although we were strong competitors, AccountingWEB salutes the founders of Pro2Net for implementing a vision for how the Internet can help raise the waters for the accounting profession. We wish the founders and former staff well in their future endeavors.

Michael Platt, CEO


1. Wells Fargo Buys H.D. Vest for $127 Million

In a first-of-its-kind transaction, banking giant Wells Fargo announces that it will complete the acquisition of financial services company H.D.Vest in the next 90 days.

2. Accenture Considering IPO

Industry analysts indicate that former Andersen Consulting Group, Accenture, is testing the waters for their own IPO offering. The question seems to be not "if?" but "when?"

3. Partners - A Little Disagreement Can Improve Revenues

Attention partners: Whether you are operating in a CPA firm or in a corporate environment, take the time to read this article. It will show you how too much consensus can be detrimental to your company's fiscal health.


AccountingWEB, in cooperation with the Association of Merger & Acquisition Advisors, is pleased to bring you access to the OneSource Business Browser, the competitive intelligence database used by many of the Fortune 500, at a very special rate. This group member discount represents savings of up to 90% off what you would pay if you were to buy it on your own!

4. Pro2Net Calls it Quits

After a six year run as a premier accounting industry Internet portal, Pro2Net (formerly AccountingNet) has decided to close its doors for good.

5. IRS Finds New Way to Track Tax Miscreants

If your local IRS agent is sitting at a desk reading the paper, watch out. The agent may just be scanning the headlines to find taxpayers who may have forgotten about good old Uncle Sam.

6. Outsourcing the Practice Development Function – Workshop

Any company that is considering outsourcing the practice development function is encouraged to review the transcripts of this week’s AccountingWEB workshop, presented by Jeff Pawlow, CEO of the Growth Partnership.

7. Busy Season in the Internet Age Equals Business as Usual

Online tax preparation usage is way up this year, but 38% of those who use the Internet for filing taxes insist that they will still utilize the services of a professional tax preparer.

8. 'Mr. CPA' Designation Denied.....For Now

Thanks to the wisdom of an Illinois County Judge, State Senator Christopher J. Lauzen will NOT be formally changing his name to "Christopher J. Lauzen CPA" anytime soon. But that request by Mr. Lauzen is not the most disturbing part of this bizarre story.


Financial Reporting Professionals – Experience high-quality, up-to-date, on-demand training in the SEC registration and reporting process. Earn CPE and a $100 reward with the SEC Financial Training Series.

9. Is High-Tech Your Niche? Survey Says It Should Be

If you practice outside of Silicon Valley or Boston or Northern Virginia, get prepared for what practitioners in those high-tech hotbeds have known for several years - high tech businesses are coming to a town near you, and they need financial assistance just like everyone else.

10. Tax Tip: Where To File Your Tax Return

Double-check the address on that envelope! The IRS has changed the mailing address for individual returns in twelve states this year. "The check is in the mail" just won't cut it.


Find out what it takes to get closer to your clients with the results of a groundbreaking survey by Expertise Marketing that explored what more than 500 professional service firms are trying to do to become more sensitive to the marketplace. Purchase the results online and start getting closer to your clients today.


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 or to see what others recommend:

1. What is a fair hourly rate for a Marketing Director?

2. Is an employer-provided health club membership taxable to employees?

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.


To subscribe to this Newswire, send a message to
and in the BODY of the message type:

To remove yourself from this mailing list, send a message to
and in the body of the message type:

Copyright (C) 2001 AccountingWEB, Inc. All rights reserved.

AccountingWEB Inc,
P.O. Box 68748, Indianapolis, IN 46268-0748
Phone 317-876-7525

"To inform, to enrich, to enlighten, to entertain."

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.