The Latest

Alan Walther has moved up the ranks at The Bonadio Group to office managing partner in the firm’s Albany office. He previously served as partner in Bonadio’s Government, Compliance and Labor Division.

AccuFund Inc., a developer of accounting software for nonprofits and governments, has released AccuFund Anywhere, a cloud-based version of its AccuFund Accounting Suite that will allow users to access its core functionality from any Web browser.

The Financial Accounting Standards Board and the International Accounting Standards Board have released for comment a revised exposure draft proposing significant changes to the standards for accounting for leases.

President Obama announced during a press conference late Wednesday afternoon that he had asked for and received the resignation of Acting IRS Commissioner Steven T. Miller, over the recently revealed news that the agency had been targeting for extra scrutiny the applications of Tea Party and similar groups for tax-exempt status.

The Women’s Executive Committee of the Illinois CPA Society is hosting a Women’s Leadership Breakfast Friday, May 17, featuring documentarian and author Dr. Kelly Richmond Pope as speaker.

Chief financial offers have grown significantly more confident in the U.S. economy over the past year, according to the 2013 Spring CFO Survey from Grant Thornton, which found that almost half (45 percent) of respondents believe it will improve during the next six months.

The IRS has revealed additional details about what may be the first round of sequester-related the closures planned for May 24, June 14, July 5, July 22 and August 30 of this year.

Sage North America has added several new features to its Sage One cloud accounting product, including bank integration to work with over 10,000 banks and financial institutions.

The U.S. budget deficit will shrink by the end of fiscal 2013 to $642 billion, the smallest shortfall in five years, according to the nonpartisan Congressional Budget Office.

Victims of severe storms, straight-line winds, and flooding that began on April 16 in parts of Illinois may qualify for tax relief.