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Intuit has been closely monitoring congressional and IRS activity on the tax extension legislation passed by Congress late Thursday night and said it has completed various scenario plans and programmed its professional tax software applications to be prepared for all the latest tax law changes.

BlumShapiro has named CPAs Rick C. Parmelee and Anthony J. Switajewski as new partners in the firm, effective Jan. 1, 2011.

Eighty percent of CPA firms reported either a decline in revenue, no growth, or modest growth between May 2008 and June 2010, according to a new survey by the American Institute of CPAs and the Texas Society of CPAs.

The Governmental Accounting Standards Board has issued revisions to its financial reporting entity standards to better account for business-type activities at government-run institutions such as state universities.

With just weeks to go before the end of the year, Congress has cleared tax relief legislation extending the Bush-era individual and capital gains and dividend tax cuts for all taxpayers for two years, as well as a 13-month extension of unemployment benefits.

The Internal Revenue Service released instructions Friday to help employers implement the 2011 cut in payroll taxes that were included as part of the tax cut legislation passed by Congress late Thursday night, along with new income-tax withholding tables that employers will use during 2011 (see House Passes Extension of Bush Tax Cuts and Unemployment Benefits).

In case you haven’t gotten the memo yet, here it is one more time: Poor posture will cost you productivity.

Midrange enterprise software developer Epicor has created Epicor Carbon Connect, a Software as a Service-based carbon accounting product with the ability to identify, analyze, audit, track, manage, benchmark and report on carbon emissions and energy consumption.

Ohio firm garners nearly 118,000 lbs, of food for pantries.

Congress’s passage this week of an extension of the current income tax rates could be a blessing for many payroll departments, outside payroll processors, and accountants, but the new payroll tax cut is bound to cause a period of readjustment.