AccountingWEB Weekly News Wrap-Up - Issue 99

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AccountingWEB Weekly News Wrap-Up - Issue 99

June 15, 2001

This Newswire is Sponsored by:

MoneySoft's Fixed Asset Pro


1. Official Word From the IRS on Tax Rebates
2. Special Offer on Tax Legislation Client Seminar Tools
3. Accenture Announces Plans for IPO
4. Employers - New Withholding Tables Available For 2001
5. What Do You Think of the 'XYZ' Credential?
6. Attorneys Beware: The IRS is Looking For You
7. When Economy Slows, IT Training Increases
8. U.S. Poised to Lose Internet Dominance
9. Accenture to Cut 1,400 Jobs
10. How Has AccountingWEB Helped You - Contest Winners


The big news stories this week still revolve around the new tax legislation, and accountants need to have answers to the questions people are asking about this act. Whether you plan to print material to send to clients, or offer a seminar where clients can come together and have their questions answered in person, AccountingWEB has the material you need.

AccountingWEB members can purchase a turnkey client seminar on the new legislation, developed by Garverick-McCoy Seminars, at a special discount. (Orders received by June 22 can save an extra 20%!)

In addition, AccountingWEB has assembled a comprehensive package of material summarizing the major provisions of the new tax act that can be reprinted and disseminated to clients or used on your Web site.

You will find links to the actual legislation, conference report, joint committee summary, and more on the home page of AccountingWEB.

Gail Perry, Managing Editor
AccountingWEB, Inc.


1. Official Word From the IRS on Tax Rebates

Who qualifies? How much is the rebate? When will it be mailed? What happens if you don't receive a check? What if you've moved? These questions and many more are answered by the IRS.

2. Special Offers on Tax Legislation Client Development Tools

AccountingWEB is pleased to offer a turnkey client seminar on the new tax legislation. Garverick-McCoy Seminars, leaders in preparation of tax seminar materials, developed the package. A limited special offer will place this material in your hands at a special discounted price.

Save even more valuable billable hours by also ordering the AccountingWEB Tax Legislation Summary that you can cut and paste into client newsletters, e-mails, firm letters, or for use on your Web site.

3. Accenture Announces Plans for IPO

It's official. The firm that will never again be known as Andersen Consulting has filed plans with the SEC to float an initial public offering.


Fixed Asset depreciation and management is easier with MoneySoft's Fixed Asset Pro(tm). Download a FREE working version for a 30-day trial.

4. Employers - New Withholding Tables Available For 2001

The IRS has released the revised withholding tables. These tables incorporate the tax rate reductions created by the new tax act. The rate reductions will take effect on July 1, 2001.

5. What Do You Think of the 'XYZ' Credential?

The AICPA is soliciting opinions on its proposed global credential. Speak now or forever hold your peace.

6. Attorneys Beware: The IRS is Looking for You

The IRS has just published new Specialized Guidelines for Attorneys, the purpose of which is to help IRS examiners track down attorneys who don't file tax returns or who don't report all of their income correctly.

7. When Economy Slows, IT Training Increases

While many companies are cutting back on expenses as they work through tough economic conditions, here's one area where companies are expanding their budget. Find out why.

8. U.S. Poised to Lose Internet Dominance

The U.S. and Canada are worldwide leaders in Internet usage at the moment, but that situation is about to change. Who is closing in on North American Internet dominance?


AccountingWEB's new Entrepreneur to Accountant Referral Network (E.A.R.N.) program is in full swing, matching the accounting and financial needs of thousands of small businesses with the talent of the AccountingWEB community. Find out how your firm can participate and get business leads through this new referral service.

9. Accenture to Cut 1,400 Jobs

Six hundred employees will get pink slips, another 800 will be asked to take a sabbatical. A new FlexLeave program will enable the firm to balance the skills and geographic mix of the workers on the sabbatical program.

10. 'How Has AccountingWEB Helped You?' Contest Winners

We want to thank the dozens of people who submitted an entry into our recent "How Has AccountingWEB Helped You?" contest. From firm administrators to partners in Big 5 firms, from students to professors, from entry level staff to seasoned professionals, we heard about all the ways that AccountingWEB is helping you become more successful. Were you one of our prize winners?


Tuesday, June 19, 4:00-5:00 EDT
Topic: "Business Solutions for Rent: Application Service Providers"
Presenter: James Subach, Ph.D., Managing Member/Co-Founder, Bridge Alliance, LLC
Sponsor: Elite Information Systems

Thursday, June 21, 4:00-5:00 EDT
Topic: "Satisfied, Loyal Clients - A Key Strategy to Grow Your Practice"
Presenter: Larry Bildstein, CPA, President and CEO of The Whetstone Group

Have you read the transcripts of last week's workshops?

Secrets to Successful Project Management

Business Valuations Basics

Check out the Workshop Schedule for the upcoming sessions in our ongoing workshop series.

Sponsor an upcoming AccountingWEB Workshop and get repeated exposure to AccountingWEB's 30,000+ members.


Click on the link(s) below to offer your insight and feedback or to see what others recommend:

1. If someone has an agricultural farm and they donate the balance of the produce to a church, what is the fair market value or the amount they can claim as the donation?

2. A member is looking for an engagement letter and due diligence checklist for merger and acquisition engagements.

3. Help is requested in finding a CPA or an accounting firm that can aid in developing a formula for substantiating and reimbursing for the cost of employee tools used on a job, based on a number of criteria.

Visit the Q&A Forum to post your questions and share your ideas! Simply click on the Add Comments option at the bottom of any question to add your response and comments.


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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."

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