The Latest

With nearly every state having either passed laws governing the electronic transfer of personal data or awaiting the passage of pending legislation, CPAs are looking more to data security and storage tools, and even engaging outside experts on how both they and their clients can remain protected.

By most accounts, there have been three great evolutions in accounting software over the past three decades: the introduction of the personal computer, the emergence of software that served small-business accounting needs, and the likely move to Web-based/Software-as-a-Service/cloud-based accounting services that take accounting online. But when it comes to low-cost accounting systems, there are three equally important revolutions taking place.

WOODFALL GROUP MERGES WITH DELPHIA CONSULTING

Gene L. Dodaro was sworn in Thursday as the eighth Comptroller General of the United States and head of the Government Accountability Office.

Pugh & Company, P.C. , one of the Knoxville region’s largest CPA firms, has acquired the Knoxville and Oak Ridge practices of Bacon Howard & Company, CPAs, another local area accounting firm.

Kurt Sturn has joined Reznick Group, a top 20 national CPA firm, as a tax principal, based in the firm’s Baltimore office.

The Central Lakes College Accounting Club in Brainerd, Minn., did a good deed this holiday season, delivering donated goods they collected all semester to two local charities.

The Internal Revenue Service is aiming to provide more Fast Track Settlements to small businesses and self-employed taxpayers and retool its Offer in Compromise mediation and arbitration procedures.

The principal owner of The Kettle Black, a popular sports bar and restaurant in the Bay Ridge section of Brooklyn, has pleaded guilty to stealing more than $1.3 million in city and state sales taxes over a five-year period.

The Internal Revenue Service is continuing its high-profile pursuit of rappers who owe taxes to the federal government, filing tax liens totaling over $157,000 against rapper Trick Daddy.