June 1997 - Journal of Accountancy

EXECUTIVE SUMMARY LEGISLATION INTRODUCED IN THE 105TH congress by Senator Christopher S. Bond (R-Mo.) and Congressman James Talent (R-Mo.)—as well as a Treasury Department proposal—has brought renewed hope for progress on the perennial problem of worker classification. THE BOND-TALENT BILL WOULD establish objective criteria for determining when a worker is

EXECUTIVE SUMMARY THE SMALL BUSINESS JOB PROTECTION Act of 1996 made a number of changes in S corporation rules that have made them more flexible and easier to operate. THE ACT CHANGED THE RULES about who can and cannot have an ownership interest in an S corporation. The maximum number

EXECUTIVE SUMMARY AFTER 28 YEARS AT A BIG SIX FIRM, Howard Dalton left to work for a multinational property and casualty insurance company. In this position, he has been at the forefront of the business’ efforts to diversify internationally and to use technology to simplify procedures. INTERNATIONAL EXPANSION IS THE

EXECUTIVE SUMMARY ONE HOUSTON PRACTITIONER devotes most of his practice to foreign clients, typically engineering, construction or oil companies with employees in the United States. John Allis’ firm prepares the foreign-national employees’ tax returns and may also help companies with tax and business planning for their U.S. operations. THE FIRM

EXECUTIVE SUMMARY SMALL FIRMS MAY HAVE DIFFICULTY complying with American Institute of CPAs practice monitoring requirements because in some very small firms an individual may have to review his or her own performance. STATEMENT ON QUALITY CONTROL Standards no. 3, Monitoring a CPA Firm’s Accounting and Auditing Practice , which

True or false: (1) The Internet is an incredible research resource overflowing with valuable information. (2) The Internet has become a labyrinth of hard-to-find data and dead-end home pages replete with redundant, often useless information. The Transient Internet The good and bad news about the Internet is that it’s easy

Office suites are the hot new computer software application products. If you don’t already use a suite, this article tells you why you should. If you do use or plan to buy one, this article will help you decide which is best for your needs. What’s all the fuss about

EXECUTIVE SUMMARY THE INTRODUCTION OF NEW ASSURANCE services could double or even triple the CPA profession’s $7 billion accounting and auditing income. But the new opportunities will not come easily. New services must be identified, new competencies developed and barriers will have to be overcome. THE REPORT OF THE AICPA