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The Tax and Accounting Business of Thomson Reuters has enacted a series of enhancements to the platform supporting its NetClient CS client portals, SaaS for the CS Professional Suite, and Virtual Office CS.

Vice President Joe Biden said the administration would be better prepared to oppose the extension of tax cuts for the wealthiest Americans when they expire in 2012.

The high-level shakeups at Sage North America continue to mount as the company confirmed executive vice president of sales Paul Johnson is leaving, effective immediately.

Big Four firm Ernst & Young could be hit with fraud charges stemming from its alleged role in the collapse of banker Lehman Brothers, the Wall Street Journal reported.

Irving Picard, the trustee overseeing the liquidation of Bernard Madoff’s old investment firm, scored his biggest coup yet with the announcement that the widow of Jeffry Picower has agreed to forfeit $7.2 billion in profits from the Madoff Ponzi scheme to its victims.

I have spent the last decade working within small and midsized accounting firms.

IMGCAP(1)]Years ago when I was struggling to master the game of tennis, a pursuit my father assured me would serve me well throughout my working years (this before every corporate outing centered on golf), he also advised me, if nothing else, to at least dress the part, regardless of ability.

Tommaso Padoa-Schioppa, who was appointed only six months ago to oversee the board that sets international accounting standards, died of a heart attack on Saturday night.

Vice President Joe Biden indicated the Obama administration intends to limit the newly extended tax cuts when they come up again for renewal in 2012.

The Tax & Accounting business of Thomson Reuters has added global financial data from Reuters and expanded report-writing features to its transfer pricing software for multinational companies.