The Practical Accountant back issues from December 1994:
Sole practitioners losing ground to larger firms.
Dec 01, 1994; ... The nation's sole practitioner CPAs lost economic ground last year, with the most profitable of the group showing a $5,506 decline in net income and the average practitioner's net income declining by $1,000.Those figures are among the results of the annual Texas Society of CPAs ...
New AICPA chairman off to a running start. (American Institute of Certified Public Accountants; Robert Israeloff)
Dec 01, 1994; ... Promising reforms for which small-firm members of the AICPA have been clamoring, Robert Israeloff began his reign as AICPA chairman by announcing a plan that streamlines committees and makes members of the Institute's staff responsible for literally calling every member just to stay in ...
Rush of legislation keeps California CPAs on their toes.
Dec 01, 1994 ... It's been a busy year in California. While all state CPA societies track local and national legislation that could impact members, the majority of the groups has at most a dozen pieces of legislation to watch and perhaps only two or three with which to be very concerned.In the ...
Justice Department probing Microsoft's purchase of Intuit. (Microsoft Corp.; Intuit Inc.)
Dec 01, 1994; ... The U.S. Justice Department is probing the $1.5 billion acquisition of Intuit by software giant Microsoft as the subject of a possible antitrust case. At the center of the probe is Intuit's "Quicken" personal finance program, which is number one in the marketplace and was outselling ...
Weber Lipshie folds, partners begin landing. (Weber, Lipshie, and Co.)
Dec 01, 1994 ... The problems for Weber Lipshie began when one of its managing partners and chief rainmaker Abe Nowick died last year. They culminated with the firm closing its doors on Oct. 31 after being in business for 75 years.The events between Nowick's untimely death and the firm closing is ...
Remittances to IRS after tax court petition were recoverable.
Dec 01, 1994 ... The IRS determined deficiencies in 1985 against Moran for 1981 and 1982. Moran filed a Tax Court petition in Oct. 1985. In Dec. 1985 and July 1986, Moran sent remittances of nearly $600,000 to the IRS to stop the running of any interest or penalties. On Nov. 15, 1990, the Tax Court entered a ...
Lifestyle changes may burst clients' retirement plans. (Cover Story)
Dec 01, 1994; ... Plans for retirement distributions often need adjustment when there is a lifestyle change.In today's frantic society, lifestyle changes are commonplace. However, some of these changes are triggers which can affect later distributions from retirement plans as well as have adverse ...
Choosing a beneficiary. (retirement distributions)
Dec 01, 1994 ... A primary contingency planning concern for most pensioners is the designation of a valid beneficiary. Depending upon the size of an individual's estate and the size of the retirement benefits, estate planning, gifting strategies, and planning for excess retirement distributions and excess ...
It's not just for supermarkets anymore. (bar coding)(includes related article)
Dec 01, 1994; ... Expanded use and capability of bar coding is changing how your clients and you do business.The Zebras Are Coming! The Zebras Are Coming! Bar coding, once the sole domain of the supermarket, has made its entrance into almost every business.Whether your clients are a candy ...
The rush begins to find tax season temps. (temporary employees)(includes related articles)
Dec 01, 1994; ... Accounting firms are using several sources to find crunch-season tax preparers.The annual tax season rescue of accounting firms by temporary employees is beginning, as thousands of tax specialists parachute into the firms at the busiest time of the year only to complete their ...
IRS attack on electronic filing fraud hits RALs. (refund anticipation loans)
Dec 01, 1994; ... Elimination of the direct deposit indicator may increase the cost of refund anticipation loans.The IRS is cracking down on fraudulent tax refunds. It recently announced numerous steps it is implementing, including the elimination of the direct deposit indicator (DDI), to reduce ...
Bean-counting marketing helps firm sprout new business. (Gaines and Oakley)
Dec 01, 1994; ... The accounting firm of Gaines & Oakley is located on Nashville's Music Row and 25% of its clients are involved in the country music business. But, it probably will never have a Country & Western ballad written about it. The reason is that its been mostly good news since the firm opened three ...
Hard choices - selecting the right accounting package. (1995 Accountant's Buyer's Guide)
Dec 01, 1994 ... Time was, choosing an accounting software package was easy. You bought whatever was available. Today, with literally hundreds of packages available, it's a different story. How do you choose the right software system with the right components when nearly every accounting software package on ...
Fixed assets software. (1995 Accountant's Buyer's Guide)
Dec 01, 1994 ... Fixed Assets: More Than Just DepreciationIf there were a cable TV channel for accountants, there would have to be a prime-time show called CPA Jeopardy that would sound like this. Category: Peak Efficiency. Answer: Software that improves tax compliance, automates calculations, and ...
Tax prep software: same old same old? (tax return preparation) (1995 Accountant's Buyer's Guide)
Dec 01, 1994 ... Preparing Individual and Business tax returns is one of the largest revenue generators for today's accountant. But buying tax software is becoming increasingly more difficult. With a large number of preparers using PC-based tax prep programs already, there are fewer new customers for ...
Electronic filing: new days, new ways. (1995 Accountant's Buyer's Guide)
Dec 01, 1994 ... filing a personal income tax return used to mean putting it in an envelope and mailing it to the IRS processing center--first-class mail, return receipt requested. These days, however, other methods of filing are rapidly gaining popularity.In addition to the traditional pre-printed ...
Software integration in the modern accounting office. (Creative Solutions Inc.'s financial analysis software)
Dec 01, 1994 ... The Crucial Competitive EdgeClients are demanding more services. Competition is getting tougher. The government keeps making changes. Accounting practices need to get more done in less time. To gain a competitive edge, many accountants are searching for truly integrated software. ...
Tune up for tax season.
Dec 01, 1994 ... The middle of tax season is not the time to discover you're out of critical tax forms, or your laser printer requires a major overhaul. Tax season is a rushed and harried time, even when things run smoothly. The best time to refine your procedures and provide for crucial equipment and ...
Picking the right write-up. (write-up accounting services)
Dec 01, 1994 ... Write-up services have been the bread-and-butter of many accounting practices for years. But if you earn your living from write-up today, you're facing new challenges and opportunities. To survive and prosper in the times ahead, you'll have to adapt your write-up practice to a rapidly ...
Do you really need time and billing? (accounting practice management) (1995 Accountant's Buyer's Guide)
Dec 01, 1994 ... It's almost an "in" joke within the profession, but accountants tend to be notoriously poor at running their own businesses. Once upon a time, when the economy was much better than right now, you could afford to be a little careless when monitoring the cash flow and financial state of your ...
You'd better shop around for valuable services. (accounting) (1995 Accountant's Buyer's Guide)
Dec 01, 1994 ... Accountants do a great job helping their clients. But when it comes to managing their own practices, they typically neglect to get the best services and prices. Whether you need malpractice coverage, business insurance, business valuation, tax research, or benefits plan services, it pays to ...
Personal financial planning - new service, big profits! (1995 Accountant's Buyer's Guide)
Dec 01, 1994 ... During the go-go '80s, financial planning became a buzzword for accountants, attorneys, insurance agents, stockbrokers, and investment counselors. However this term was used to describe very different financial services. That's not surprising because financial planning means different things ...
Install your own CD-ROM drive. (1995 Accountant's Buyer's Guide)
Dec 01, 1994 ... It's been happening more frequently of late. You find yourself looking enviously at all the ads for tax services on CD-ROM. Or you come across a review of a CD-ROM-based forms service and think, "Now that's something I could really use!" Maybe it happens when you're installing disk number 23 ...