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Nearly all states that are experiencing recession-generated revenue shortfalls are looking to sales and use taxes to help close the gap.
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National Harbor, Md. —During his first keynote address since being named chief executive of Sage North America, Pascal Houillon said that next year, Sage would launch marketing and rebranding initiatives that involve replacing established product brand names such as Accpac, Peachtree and MAS by 2013. The effort is designed to boost Sage's brand awareness domestically, much the way it has become well-known across Europe.
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The advent of the computer-based Uniform CPA Exam in 2004 threw CPA firms and their young staff for a loop, as the regimented accountability of a bi-annual pencil-and-paper sitting was replaced with a more continuous completion timeline.
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Washington, D.C. - The Internal Revenue Service said in mid-July that it would stop its examinations of donors to tax-exempt 501(c)(4) political organizations asking whether they had paid gift taxes, after the agency came under pressure from Republican lawmakers.
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The Internal Revenue Service paidfewer than 100 whistleblowers last year, about half the number it paid two years ago, even though it received more than twice the number of whistleblower cases.
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The American Institute of CPAshas written a letter to the Internal Revenue Service offering to help develop the IRS exam for registered tax return preparers by leveraging the AICPA's own experience with the Uniform CPA Exam.
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It looks as though the time has come for comprehensive patent reform, including the banning of tax strategy patents, if the groundswell of opposition is any type of barometer.
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More firm spending continues to roll into IT, and recent Accounting Today research showed that as of late last year, most accountants were spending anywhere from 5 percent to 10 percent of their annual budgets on IT, and it's expected for that to remain the same or increase over the next year.
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