News Wrap-Up - Issue 238

This News Wrap-Up Brought To You By:

First Research Industry Profiles

PolicySoft Accounting Department Templates

THIS WEEK'S NEWS
  1. Lea Fastow’s Plea Deal Rejected by Judge
  2. IBM Plans to Buy Call Center Firm in India
  3. KPMG, BearingPoint Pay $34 Million to Settle Travel Suit
  4. Merger Brings Enormous Headaches for Sidley
  5. IRS Warns Businesses, Individuals on Employment Tax Practices
  6. Senate Bill Would End Internet Access Taxes
  7. 41 Nevada Casinos Seek $20 Million Tax Refund
  8. IRS Issues Guidance on S Corporation, Tax Exempt Entity Transaction
  9. While Corporate Profits Soared, Tax Bill Dropped to Zero
  10. The "Top Ten Most Unusual Sales Tax Laws For 2004"

Check out the News Page for this week’s news and more.

*** SPONSOR OFFER ***

Industry Profiles - All New, All Updated! Financial professionals across the nation have discovered the client service benefits of Industry Profiles from First Research. If you have been hesitating or have not yet discovered the benefit of industry profiles, now is the time to act. Click here to find out more.

If you've forgotten your login details, we can send you a reminder.

THIS WEEK'S NEWS
  1. Lea Fastow’s Plea Deal Rejected by Judge

A judge’s decision not to accept a plea agreement with Lea Fastow may jeopardize the government’s agreement with her husband, former Enron Chief Financial Officer Andrew Fastow.

  1. IBM Plans to Buy Call Center Firm in India

Making one of the largest foreign investments in India in many years, International Business Machines Corp. announced its plans to buy call-center company Daksh eServices Ltd.

*** SPONSOR OFFER ***

We are pleased to bring you tools that can help systematize the accounting department of a small company, corporate business or a public accounting firm. Over 200 accounting department policy templates, written in Microsoft Word format by PolicySoft, are available individually or in groups for immediate download.

  1. KPMG, BearingPoint Pay $34 Million to Settle Travel Suit

KPMG and its former consulting unit BearingPoint, Inc., agreed to pay $17 million each for their part in a class-action lawsuit stemming from the practice of overbilling clients for travel expenses.

  1. Merger Brings Enormous Headaches for Sidley

Sidley & Austin, one of the largest and oldest law firms in Chicago, is finding that Brown & Wood, the partner it acquired in a 2001 merger, brought a lot of baggage. Dallas lawyer David Deary told the Chicago Sun-Times he expects to bring more than 20 suits against the combined firm within six months.

  1. IRS Warns Businesses, Individuals on Employment Tax Practices

The IRS issued a consumer alert this week for eight schemes where federal employment taxes are not properly withheld or paid by employers from their employees’ paychecks. The IRS alert to business owners and other taxpayers follows a string of recent convictions and court rulings involving employment tax schemes.

MORE HEADLINES...

  1. Senate Bill Would End Internet Access Taxes
  2. 41 Nevada Casinos Seek $20 Million Tax Refund
  3. IRS Issues Guidance on S Corporation, Tax Exempt Entity Transaction
  4. While Corporate Profits Soared, Tax Bill Dropped to Zero
  5. The "Top Ten Most Unusual Sales Tax Laws For 2004"

$$ PREMIUM SUBSCRIPTION CONTENT $$

See a sampling of this week's featured content below. Subscribe today for only $49/year and gain access to the Premium Content Archives.

If you've forgotten your login details, we can send you a reminder.

  1. How Do I Motivate My Staff?
  2. Ignite Your Mental Pilot Light
  3. Resume Posting vs. Resume Distribution—Do You Know the Difference?

HOT TOPICS ON ACCOUNTINGWEB

If you've forgotten your login details, we can send you a reminder.

  1. Homeowners Could See New Tax Break on PMI
  2. Judge Orders WorldCom to Stop Paying KPMG
  3. FASB Issues Proposed Stock Option Rule
  4. Microsoft Releases Office Solution Accelerator for Sarbanes-Oxley
  5. KPMG Creates 404 Institute to Facilitate Financial Reporting Dialogue

ACCOUNTINGWEB HELP

Are you looking for some information about AccountingWEB and can't find it elsewhere? Do you need to change your password, or update your e-mail address? Take a moment and view our "Help Page" for information on how to utilize the AccountingWEB Service.

WHAT'S ON ACCOUNTINGWEB

ACCOUNTINGWEB MARKETING SOLUTIONS

Let AccountingWEB help your organization customize a marketing campaign for your products and services. Make sure you book your ad campaign in advance! 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.


Your Personal Membership Information

Take a moment today to ensure that we have accurate, up-to-date information in our records. Just go to your Profile Page and login to update your information today! If you've forgotten your AccountingWEB.com login details, we'll send you a reminder.

Premium Subscriber Information

Access to the growing library of the latest insights, ideas and tools is available for only $49 a year. Subscribe today!

Copyright (C) 2004 AccountingWEB, Inc.
All rights reserved.
http://www.accountingweb.com
"To inform, to enrich, to enlighten, to entertain."

Contact AccountingWEB, Inc.
P.O. Box 68748, Indianapolis IN 46268
Contact Us

You may like these other stories...

Which of America’s major cities offer the most favorable tax structures for businesses? According to a study released on Tuesday by KPMG International, the top five in the United States are Cincinnati, Cleveland,...
Contact: Dave Shatkowski, Indiana CPA Society Phone: (317) 726-5022 Email: dshatkowski@incpas.org INDIANAPOLIS - After four years of planning and development, the CPA Center of Excellence® is ready to take CPAs to the...
On any normal day Katie Bailey, audit manager at CPA firm Dauby O'Connor & Zaleski, LLC (DOZ) in Carmel, Indiana, would definitely consider herself an active person. She runs 20-plus miles a week, logs lunch hours in...

Already a member? log in here.

Upcoming CPE Webinars

Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 26
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.