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A BUMPY START

If you ask 10 CPAs for their definition of business development, you may get 10 different responses.

The first step for a CPA firm looking to improve its succession plan is to make sure that it actually has one.

SENATE COMMITTEE APPROVES TAX PATENT BAN

While efforts at tax reform seem to crop up at fairly regular intervals in Washington — and just as routinely fail to produce any results — the current effort under President Obama has generated enough optimism that some are already attempting to pick potential winners and losers.

NETSUITE UNVEILS NEW EDITION

Recently, consulting concern Saugatuck Technology released a report that found that through 2014, use of Software-as-a-Service applications will continue to dominate IT spending, including social networking and mobility solutions. It also showed that integration and workflow in the cloud - primarily with on-premise systems - would remain a critical capability for accounting practices.

CLIFTON GUNDERSON BECOMES INTACCT VAR

All accountants, and certainly all CPAs, should be keenly interested in and concerned about the activities of the American Institute of CPAs. As the leading professional society for CPAs, it shapes both policy and perceptions for the entire profession, members and non-members alike.

IMGCAP(1)]Growing up on the Southwest side of Chicago in the 60s, the only artists I knew were guys with the names of Moo, The Chico and Little Big Jimmy. And the canvas they used for their works of art turned out to be a bus, the side of a building, garbage cans and garage doors.