AT Think

IMGCAP(1)] Networking is a critical part of a CPA firm’s overall strategy. Aligning with other full-service or niche firms can lead to information sharing, referrals, and a sound support system. CPA’s can’t go it alone…we all need to reach out at some point to ensure we are moving our firms in the right direction.

Grant Thornton has become the first accounting firm recognized by Thomson Reuters Tax & Accounting as a “Certified Implementer” of its software, but it probably won’t be the last.

A partner at New York-based Citrin Cooperman will be rubbing elbows with the likes of Nathan Lane, Sarah Jessica Parker and Matthew Broderick, as he joins the board of trustees of Flexitoon Puppet Theatre as treasurer.

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.