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IRS TO CHECK MORE FOR ACCURACY-RELATED PENALTIES

The reality of the recession has affected the tax policies of nearly every state, as dwindling receipts coupled with constant or increased expenses have left most states in a budgetary crisis mode.

The District of Columbia planned to launch a tax amnesty program in early August, in an effort to collect $170 million in known receivables from more than 42,000 individuals and businesses. D.C. is not the only place offering an amnesty this year - Pennsylvania offered a program until June 18. Florida, Nevada and New Mexico are also offering amnesty programs until Sept. 30. The district reportedly expects to earn an estimated $20 million in revenue from the amnesty and has already included the money in its fiscal 2010 budget.

SAGE RELEASES MOBILE PAYMENT TOOL FOR SMALL BIZ

Cloud-based accounting andfinancial management software provider Intacct has introduced over 100 enhancements, a new project accounting application, and a partnership with work management solutions provider Clarizen Inc.

From a compliance perspective, the new U.S. health care law raises a number of issues for corporate America.

[IMGCAP(1)] I’m in the process of rebranding my firm—transitioning from James J. Matousek, CPA, Ltd to New Vision CPA Group. Matousek is hard to say and even harder to spell, so it’s never been marketing friendly. It was time for a change. And even though Matousek is my maiden name and still represents our family firm, I had to separate my long-time, nostalgic connection to the name and realize that re-branding was a necessity. After all, a brand is so much more than just a name. A firm’s brand is created based on its broad culture…good or bad.

Once during the summer just prior to my senior year inhigh school, I answered the door to find myself face to face with a man in anill-fitting suit holding a clipboard.

In a move to help educate the accounting community aboutthe benefits of cloud computing, financial and ERP suite provider NetSuite haspartnered with the Institute of Management Accountants.

- Big Four Firm KPMG has unveiled a new Web site, whichfeatures professional golfer Phil Mickelson discussing key career moments, andhow his success stemmed from adopting key attributes of leadership.