WebCPA Staff

CCH has improved the exemption management features in thelatest version of its CorpSystem Sales Tax Office software.

Forty-one percent of companies have needed to increasetheir collections efforts and more than half have been contacting theircustomers more frequently to receive payment, according to a new survey.

Over the past year, chief financial officers have becomemore optimistic, but nevertheless remain cautious in their outlook on theoverall health of the economy according to the first quarter 2010 "CFOOutlook Survey" conducted jointly by Financial Executives Internationaland Baruch College's Zicklin School of Business.

The economy grew at a 3.2 percent clip in the first quarter,braking somewhat from its 5.6 percent pace in previous quarter, but indicatingcontinued consumer spending.

Two weeks after Goldman Sachs was charged by theSecurities and Exchange Commission for fraud, federal prosecutors have begun aninvestigation into the banking giant according to sources.

Wolters Kluwer Tax & Accounting has agreed to acquirethe tax compliance software products Tax Integrator, Fringe Benefits TaxOrganiser and Global Integrator from Ernst & Young Australia.

Small businesses added 66,000 new hires in April androughly 300,000 new jobs since June 2009, according to the latest Intuit SmallBusiness Employment Index.

New York - The International Auditing and AssuranceStandards Board has proposed a new assurance standard to address the process ofcompiling pro forma financial information included in prospectuses.

The economic realities of budget shortfalls faced bygovernments worldwide will accelerate a shift toward indirect taxes such asvalue-added taxes and present new risks, challenges and opportunities for U.S.businesses operating globally, predicts a new report from KPMG LLP.

President Obama has nominated two economists and anattorney to the Federal Reserve Board, bringing the board to its fullseven-member strength for the first time in four years.

Small business owners are giving higher ratings to the economy this month, according to a new survey.

JPMorgan Chase has begun sending out notices to approximately 13,000 independent tax preparers that it is exiting the refund anticipation loan business.

Cougar Mountain Software has released Version 2.9 of its Denali accounting software, which includes, among other things, the ability to import any payroll service provider and view an at-a-glance financial dashboard.

Retirement and uninsured medical expenses are the most pressing financial concerns for Americans, according to a survey conducted for the American Institute of CPAs by Harris Interactive.

The National Association of State Boards of Accountancy has promoted Ken Bishop to the job of chief operating officer.

A district court has granted a delay in the enforcement of the Federal Trade Commission’s Red Flags Rule governing identity theft prevention for members of the American Institute of CPAs in public practice.

Cloud accounting software vendor FinancialForce.com has extended its functionality by adding electronic processing of bank payments to its online accounting offering.

Americans now feel more optimistic about nearly all aspects of their financial security, according to a new survey.

Executives from Goldman Sachs faced intense questioning before a Senate subcommittee over the investment bank’s sales of securities that an employee described as “sh***y.”

The initial meeting of the White House deficit commission kicked off as a bipartisan panel considered ways to curb the growing federal budget deficit and the national debt.