AccountingWEB Weekly News Wrap-up - Issue 9

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The AccountingWEB Newswire - Issue 9
September 16, 1999

In the headlines this week:

1. 50% of 401k Plan Participants Cash In Prematurely
2. Workplace Training Tools To Reduce HR Suits
3. WGL Develops On-Line Corporate Finance Network
4. Republican Tax Bill To Be Vetoed
5. Ascension of Women into Partner Ranks is Slow But Steady
6. Marketing Plan Guidelines You Can Use
7. Internet Tip: Help Your Site Get Noticed at

First of all, for all of you who are not keeping track, let me be the first to wish you a very happy National Payroll Week, September 13-17, sponsored by the American Payroll Association! Now you better hurry down to the local Hallmark card store . . .

We are continuing to get good feedback on our request for nominations for the top accounting events of the century. Be sure to get your nomination in by the end of the month. Send me an email at [email protected] with your suggestions.

Would you like other's on your staff to receive this newswire? It's free and we would be happy to send it to them directly. Just send me an email with their name and email address and they'll receive all future editions.

Michael T. Platt
[email protected]

1. 50% of 401(k) Plan Participants Cash In Early

Here's an alarming statistic and a practice development opportunity for you: A recent study shows that more than 50% of 401(k) plan participants cash out their account upon leaving their employer. If you don't offer 401(k) education programs for your clients, you are not only doing them a disservice, but you're missing an opportunity to bring a significant benefit to future clients (a.k.a. employees of your current clients!)

2. Workplace Training Tools To Reduce HR Lawsuits

Looking for some useful workplace legal training products for your organization? Human Resources Executive Magazine has selected the Civil Treatment Series(R) from Employment Learning Innovations, Inc.(ELI) as one of the top ten training products for 1999. Developed in response to recent decisions by the US Supreme Court, the Civil Treatment(R) video series - including Civil Treatment(R) for Managers, Civil Treatment(R) for Employees and the Civil Treatment(R) Toolkit(TM) - provides organizations with clear, concise tools to inform employees about complex workplace legal issues.

Reduced litigation expenses, reduced external complaints, positive changes in corporate culture, and a stricter adherence to company policies may result after utilizing these tapes. Try 'em out. Tell us what you think.

3. WGL Develops On-Line Corporate Finance Network

For accounting professionals working as a company's Chief Financial Officer, the offering of services provided in the new and improved Thomson Corporate Finance's WG&L Corporate Finance Network may prove to be a powerful resource tool. The new web network offers interactive checklists that guide professionals through key activities such as SEC filings, merger and acquisition investigations, forecasting cash flow, and maximizing collections. In addition, pop up windows offer guidance for the user as the checklists automatically fill in the appropriate forms and calculate the needed data.

Did you know that you can add your own comments to any of the daily news stories on Simply click on the full text of the story, and go to User Comments at the bottom. Your input will add depth to our stories and everyone in the AccountingWEB community will benefit!

4. Republican Tax Bill To Be Vetoed

I know, I know. We've talked about this for weeks now, and yes, the President is finally going to get his chance to sit down and veto the $792 Billion Republican tax cut bill. Chests will be pounded, politicians will jockey for position, and nothing much will change in Washington. "Obviously we're going to reject this partisan fictional budget, which would devastate our country, but in the aftermath of its rejection, we want them to come back and work out a reasonable solution so that we can avoid the kind of train wreck that they have headed us toward," Al Gore said. Gee, do you think he's running for President?

5. Ascension of Women into Partner Ranks is Slow But Steady

CPA Personnel Report's exclusive Annual Survey of Women in Public Accounting - 1999 reveals that the percentage of women partners in the top 25 CPA firms are up 1-2% over last year. Among Big 5 firms, women make up 9-12% of the partnership ranks, despite the fact that they make up clearly 50% of the professional workforce in today's CPA firms. Who has the best performance? Among the Top 25, Michigan's Plante and Moran states that 15% of their partnership is female. For a copy of the survey, contact CPA Personnel Report:

6. Marketing Plan Guidelines You Can Use

AccountingWEB is pleased to announce a multi-part practice management feature series on marketing and selling for professionals. How do you define what a marketing plan is, and what it is not? How can you best identify where you are and where you want to go? And how do you get results, not just lip service? Take a look at our series, and add your own comments at the bottom of the article.

7. Internet Tip: Help Your Site Get Noticed at

Technology consultant Roman Kepczyk ( offers this tip on a free and easy way to boost visibility for your website and get a technical evaluation of it in the process. Go to the free trial for and submit your web site address. Not only will you get assistance with listing your site on the most popular search engines, but you will also receive tips on how to speed up the loading of your pages, as well as a list of any problems with the coding of your pages.

Have a technology or Internet tip that others can benefit from? Please send it in to [email protected] so we can share it with others.

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