The Latest

The National Society of Accountants is congratulating itself on scoring a win against the AICPA, convincing the IRS not to grant an exemption from its new preparer registration requirements for non-signing preparers at CPA firms.

Cloud-based sales tax automation provider SpeedTax has integrated with NetSuite, allowing users to automate their sales and use tax compliance and management processes.

Senate Republicans blocked a bill on Tuesday that would have denied tax breaks to companies that move jobs offshore and provide companies with a two-year holiday from their share of Social Security payroll tax withholding for each employee they hire to replace a worker at a foreign-based facility.

The Securities and Exchange Commission has obtained an asset freeze order against the assistant controller of a Utah medical technology company, accusing him of transferring funds out of the company’s operating account into an account he controls as a CPA.

The Internal Revenue Service has issued final regulations requiring paid tax return preparers to register with the IRS to obtain a Preparer Tax Identification Number and made available a new online application system for getting a PTIN.

The Institute of Chartered Accountants in England and Wales has told the U.S. Financial Accounting Standards Board that FASB’s proposed rules for financial instruments accounting would make financial statements harder to understand and complicate the convergence process.

CPA and business advisory firm RubinBrown has formed a new client niche, Life Sciences Services Group, and appointed Felicia Malter, CPA, as partner-in-charge.

The Certified Financial Planner Board of Standards has revoked deported Russian spy Cynthia Murphy’s right to use the CFP credential.

The Financial Accounting Standards Board and the International Accounting Standards Board have completed the first phase of a joint project to develop an improved conceptual framework for future accounting standards.

Atlanta-based Porter Keadle Moore has made a contribution to the Center for Forensic Studies in Accounting at Georgia Southern University – to the tune of $6,000.