Accounting Today

Accounting Newswire

• Firm News -- May 18

  May 18, 2012

  Recent anniversaries, awards, office openings and more.

• People News -- May 18

  May 18, 2012

  Recent hires, promotions, awards and more.

• Skoda Minotti Acquires IT Firm

  May 18, 2012

  Ohio-based accounting firm acquires IT firm PBnJ Solutions.

• BKD Annoints Next CEO

  May 18, 2012

  Regional MP Ted Dickman to take helm in June

• Blackbaud Enhances CRM Product

  May 18, 2012

  Nonprofit software maker Blackbaud Inc. has enhanced its CRM offering with new features.

• eFileCabinet Inks Digital Signature Partnership

  May 18, 2012

  Doc management developer eFileCabinet Inc. has partnered with e-signature provider RightSignature to offer digital signatures across the suite of eFileCabinet products.

• Auditing and Accounting Standards in Transition

  May 18, 2012

  A group of high-ranking officials in accounting and auditing standard-setting organizations discussed the changing standards for mandatory audit firm rotation, private company accounting and other controversial issues at the American Institute of CPAs’ Spring Meeting of Council.

• Man Arrested for Using Dead Preparer’s Identity to File Tax Returns

  May 18, 2012

  An Essex County, N.J., tax return preparer who allegedly filed hundreds of phony federal income tax returns using the identity of a dead return preparer whose business he bought was arrested by federal agents early Thursday morning.

• KPMG Partners with ServiceNow for Professional Services Offerings

  May 17, 2012

  KPMG has signed a partnership with cloud-based enterprise IT operations automation service provider ServiceNow to deliver professional services offerings.

• Peachtree Now Officially Sage 50

  May 17, 2012

  Long-standing accounting software brand Peachtree is now Sage 50 Accounting, as Sage North America officially released the 2013 product line to the U.S. market.

• Wave Accounting Secures $12M in VC Funds, Eyes U.S. Growth

  May 17, 2012

  Cloud accounting software provider Wave Accounting has secured $12 million in venture capital financing.

• AICPA Celebrates 125th Anniversary

  May 17, 2012

  The American Institute of CPAs marked its 125th anniversary during its Spring Meeting of Council, with meetings on Capitol Hill and the White House with lawmakers and policymakers, capped off with a lavish black tie reception.

• Eagle to Step Down as ITA President

  May 16, 2012

  Ron Eagle announced at the organization's spring meeting that he would not be renewing his contract as president in September.

• Sage Unveils Entry-Level SaaS for U.S.

  May 16, 2012

  Sage North America today introduced Sage One U.S., its first pure SaaS-based entry-level accounting and business management product for the U.S. market.

• GASB Releases School District Finance Guide

  May 16, 2012

  The standard-setter publishes a new user guide to help taxpayers understand the financial statements of local school districts.

• HP Loses in Tax Court to IRS

  May 16, 2012

  Hewlett-Packard lost out to the Internal Revenue Service in a case involving over $190 million in tax refunds that HP has claimed from a foreign tax credit generator.

• House Approves Mobile Workforce Tax Relief Bill

  May 15, 2012

  The House passed bipartisan legislation Tuesday to bring tax relief to workers employed in more than one state.

• SEC Recommends Changes in Accounting for Derivatives

  May 15, 2012

  The Securities and Exchange Commission has passed along a request to the Financial Accounting Standards Board that it consider making changes in how to account for derivatives contracts designated as hedging instruments.

• Senate Considers Tax Reform for Indian Tribes and U.S. Territories

  May 15, 2012

  The Senate Finance Committee held a hearing Tuesday to examine the impact of tax reform on Native American tribes and U.S. territories such as Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa and the Northern Mariana Islands.

• NetSuite CEO Announces New Partners, Growth and Features

  May 15, 2012

  NetSuite chief executive Zach Nelson wasted no time during his opening keynote address at the SuiteWorld partner and user conference Tuesday in announcing four large distribution partners—three of which are accounting firms—and added functionality to the cloud-based ERP and eCommerce platform.