WebCPA Staff

Thomson Reuters’ Tax & Accounting business plans to acquire Deloitte LLP’s Abacus Enterprise suite of tax software products.

CCH and Global Tax Management are partnering on a sales and use tax system that can work with a corporation’s Oracle software.

Linda Stiff, the former acting commissioner of the IRS, plans to retire this fall.

Eighty-nine percent of financial executives view mandatory conversion to International Financial Reporting Standards to be either highly likely or somewhat likely in the U.S., according to a new survey by Deloitte.

The Accreditation Council for Accountancy and Taxation elected several new officers and directors in August 2009. New ACAT officers include:

A Howard University professor argues there should be an increased commitment to diversity in the accounting profession.

Nearly 70 percent of nonprofit organizations in the mid-south plan no salary raises this year, according to a survey by accounting firm Watkins Uiberall.

Blackbaud has created a more affordable version of its nonprofit accounting software for small organizations that only require one to three users.

Timothy Burley has joined as tax partner at Weiser LLP.

IMGCAP(1)]Gordon Krater took the reins as managing partner of Plante & Moran in July, only the sixth managing partner since the firm was founded in 1924. He was first elected by the firm’s partners last October, and succeeded Bill Hermann, who had served as managing partner at the Southfield, Mich.-based firm since July 2001.

The Internal Revenue Service has opened a new section of its Web site dedicated to various back-to-school tax breaks for college savings and tuition credits.

The IRS’s use of computer formulas is paying off for the agency, improving productivity and picking out returns that taxpayers agree to settle for the recommended additional amounts.

CEOs of financial institutions received an average 1 percent increase in total cash compensation in the past year, the lowest level in three years, according to a survey by accounting firm Crowe Horwath.

The American Bankers Association has written to Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke asking them to raise accounting issues at the upcoming G-20 meeting in Pittsburgh in order to curb efforts by standard-setters to expand mark-to-market accounting to loans and debt instruments.

Tax document automation provider Copanion, parent to the GruntWorx Organize and Pro solutions, has released GruntWorx Trades, a new offering that automatically transforms trade details on scanned 1099 brokerage statements into a standard Microsoft Excel spreadsheet.

Small business owners appear to be “skeptically optimistic” about the state of the economy, according to a new survey.

The Treasury Department has proposed several improvements in Section 529 college savings plans, including the use of age-based index funds and the elimination of home-state biases.

The American Institute of CPAs has released a new book to help businesses conduct fraud inquiries.

PDI Global has introduced a Social Media Starter Package to help more accounting firms incorporate social media into their marketing programs.

Claims that a world economic recovery is underway are based on fragile evidence and recovery could be a year away, according to a survey by the Association of Chartered Certified Accountants.