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The Tax & Accounting business of Thomson Reuters has introduced Interactive Decision Tools for its Checkpoint research service to help tax, accounting and audit professionals solve challenging issues.

State tax revenues increased 10.8 percent in the second quarter of 2011, but revenues for local governments headed in the opposite direction.

IMGCAP(1)]There are close to 2 million tax-exempt organizations operating in the United States.

The free trade agreements with Colombia, South Korea and Panama signed into law by President Obama earlier this month included little-publicized provisions that would increase tax preparer penalties and crack down on prisoner tax fraud.

The Accreditation Council for Accountancy and Taxation has begun accepting exam applications for the Nov. 28 – Dec. 19, 2011 testing period.

CCH Small Firm Services is partnering with Versicom Communications on communication services that tax professionals can offer to their clients.

Some may question whether or not a large designer handbag purchase is a solid investment of one’s hard-earned cash.

Notable tax and accounting-related blogs

The American Institute of CPAs is honing its vision for the CPA profession over the next 14 years, including the growing use of technologies such as social media.

The head of a British accounting group is warning the U.S. Securities and Exchange Commission and the Financial Accounting Standards Board against pursuing a so-called “condorsement” approach to International Financial Reporting Standards.