The Latest

Technology has clearly permeated the accounting firm (and the rest of the world, for that matter), with tools ranging from the basic to the arcane.

While no new formal proposals are in the books, the prospect of implementing a value-added tax has elicited both support and opposition across the political spectrum.

IMGCAP(1)] Networking is a critical part of a CPA firm’s overall strategy. Aligning with other full-service or niche firms can lead to information sharing, referrals, and a sound support system. CPA’s can’t go it alone…we all need to reach out at some point to ensure we are moving our firms in the right direction.

Despite my well-documented revulsion at reality shows andmindless celebrity mania in general, in full disclosure, I will tell you at thesupermarket checkout, I routinely flip through the latest issues of such augustliterary stalwarts as The National Enquirer, US, OK and, of course, People.

Grant Thornton has become the first accounting firm recognized by Thomson Reuters Tax & Accounting as a “Certified Implementer” of its software, but it probably won’t be the last.

The State of California, struggling with a $19 billion budget deficit, is considering legalizing and taxing marijuana in a referendum on the November ballot.

The Group of North American Insurance Enterprises, an association representing the CFOs of major life insurance companies in Bermuda, Canada, and the United States, has joined with four other insurance industry trade associations based in North and South America, to urge the International Accounting Standards Board to reconsider its decision to apply a single measurement model to both life and non-life insurance contracts.

CPAs are increasingly being asked to solve the information technology problems of their clients and prospective clients, according to a new survey by the American Institute of CPAs.

The Swiss Parliament’s upper house voted Thursday in favor of Switzerland’s deal with the U.S. government to share the identities of 4,450 U.S. clients of UBS with numbered bank accounts.

Total nonfarm payroll employment grew by 431,000 in May, largely reflecting the hiring of 411,000 temporary employees to work on the 2010 census, according to the U.S. Bureau of Labor Statistics.