AT Think

Uhoh. Is this a party you’d want to crash? We’re not sure, but there’s a new consultingfirm that is aiming to jumpstart the relationships between senior levelaccountants and attorneys.

The Federal Trade Commission has posted a staff discussion draft paper on how to preserve newspapers and traditional journalism outlets in the Internet age, including some eye-opening suggestions on taxing consumer electronics and wireless spectrum.

Financial Accounting Standards Board Chairman Robert Herz is now saying that FASB and the International Accounting Standards Board will probably miss their goal of converging U.S. and international standards by June 30, 2011.

“Accountants on steroids.”

The Internal Revenue Service is going to be able to get a better look at eBay transactions starting next year, and that’s going to mean many online sellers will probably have to start paying taxes on their sales.

Are you an accountant that is pulling out your hair from over demanding deadlines, ineffective processes, an over-reliance on spreadsheets and inaccurate reporting? Well, you’re not alone. Fifty-three percent of accountants reportedly clock in overtime hours during a period close, according to a new survey by financial software provider UNIT4 CODA.

Five stellar young professionals were recognized by the Virginia Society of Certified Public Accountants at the VSCPA’s annual meeting on May 14 through their new award Top 5 Under 35.

Even though they’re supposed to be tax-exempt organizations, synagogues and other religious organizations still have some tax issues to deal with, especially in these days of heightened IRS scrutiny of nonprofits.

Contest alert – Aurora, Ill.-based Sikich has launched something cool and innovative – follow the firm on Twitter between now and June 30 and be entered to win an Apple iPad.

The Securities and Exchange Commission has proposed a new rule that would require self-regulatory organizations such as the stock exchanges and the Financial Industry Regulatory Authority to establish a consolidated audit trail system for tracking all the trading orders that are received and executed across the securities markets.