The Latest

Next week, more than 150 employees from Bethesda, Md.-based Reznick Group will pile into buses and emerge on four area elementary schools – all in the name of financial literacy.

Sales and use taxes are key issues for many states that have been hit with dwindling revenue due to the economic downturn. And there’s a case now on appeal in a New York court that is being closely watched by other states suffering a loss of tax revenue from Internet sales.

The San Francisco 49ers have been doing a bit of accounting legerdemain to get around the salary caps and extend the contract of one of their best players, Patrick Willis.

CaseWare IDEA has inked a deal with SymSure Limited to acquire SymSure’s intellectual property and other assets.

A federal district court in Nevada has granted the Securities and Exchange Commission’s motion for a summary judgment and entered a final judgment against another CPA who was accused of stock manipulation and accounting fraud at a company that operated adult Web sites.

The American Institute of CPAs told Internal Revenue Service officials that it supports the IRS’s plan for mandatory preparer tax identification numbers and stricter ethics requirements, but it objects to the education and testing elements of the IRS’s tax preparer regulation proposals.

The Securities and Exchange Commission named Richard Levine as associate general counsel for legal policy in the agency’s Office of the General Counsel.

The Internal Revenue Service is accepting applications for new members of the Internal Revenue Service Advisory Council, which provides a forum for IRS officials to discuss key areas of tax administration with a broad range of tax and other relevant professionals.

Sage North America has added a new accountant advocate team to augment the services of its existing Sage Accountants Network, focusing on working with and providing services and useful insight to accountants, bookkeepers and CPAs in the network.

CPA2Biz, the marketing arm of the American Institute of CPAs’ products and services, added Web-based accounting workflow management solution provider XCM Solutions to its Trusted Business Advisor Solutions program, which also includes Bill.com, Copanion, Intacct and Paychex.