AICPA Gets Green Light for Internet Portal

AICPA Council Members voted at the Spring Council meeting to proceed with the new Internet portal project, called 'cpa2biz.com.' The portal will be set up as a separate, publicly traded business, and already has received $107 million in start-up venture capital funding.

Plans for the portal include offering business services for the profession, including CPE training, a national directory of firms, and information on technical topics. Long-range efforts are planned in the e-Commerce arena for the site - those in which CPAs might want to pass on to their clients.

A 1.6% equity ownership will be set aside for Barry Melancon and key AICPA personnel instrumental in the development of the portal.

Initial investors include Microsoft, Intelisys; Thomson Corp., ADP and Aon Corp.

AICPA membership that we have talked to have mixed reactions on the Internet portal, so the Institute will still have a big PR effort ahead of it to win over support of the rank and file.

Vote in our poll

What do you think? Vote in our interactive poll now and tell us what you think about the development of the AICPA Internet portal.


Editors note: AccountingWEB applauds this move by the AICPA and congratulates the Council for taking such a bold step. What does this mean for the future of AccountingWEB and the other accounting related portals that exist today? Speaking for AccountingWEB only, I welcome this move as it will raise the level of awareness about the Internet to all of the profession. There is always room for competition, and always room for cooperation. Colors come in different shades, food comes in different flavors, and professional resources come in different packages. We look forward to continuing to build AccountingWEB into an extremely powerful resource for the profession, and open our arms to the new kids on the block.

Michael Platt
AccountingWEB

You may like these other stories...

Event Date: August 28, 2014, 2 pm ET 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...
When you’re running an accounting office, it's easy to become inundated with paper, forms, and email attachments, especially when tax season rolls around. To prevent your office from becoming completely overwhelmed...
It's not a reality—yet—but accounting software is poised to eliminate accountants. We are at a tipping point for many similar professions: online education replacing professors, legal software replacing...

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
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.