The Latest

While companies are increasingly making use of cloud computing for their accounting software and other applications, they’re not completely ditching their enterprise resource planning software either.

Lehman Brothers’ former CEO Richard Fuld spent an uncomfortable afternoon on Capitol Hill being accused of various accounting improprieties by lawmakers, regulators, a bankruptcy examiner and a former employee.

The Internal Revenue Service has released a draft schedule and instructions for corporations to report uncertain tax positions on their tax returns.

The American Institute of CPAs is keeping a close watch on financial reform legislation as the Senate is expected to begin debate on the bill within the next week.

Investment research provider Morningstar, Inc. has launched Morningstar Valuation Services, a program that values privately owned firms and securities in areas such as the sale of a business, estate planning or financial reporting.

Microsoft said it plans to officially release Microsoft Dynamics GP 2010 on May 1, adding enhanced business intelligence functions to the latest version of one of its top enterprise resource planning systems.

The Internal Revenue Service has hit Michael Lohan, father of actress Lindsay Lohan, with a $12,429 tax lien.

Net@Work, a major New York-based Sage reseller and document management service provider, has acquired Boston-based MAS 90 and MAS 200 reseller Fitzgerald Group, giving the firm a much larger Northeast presence and over 700 new customers.

Check this out: award-winning author and Harvard Business Review blogger Tammy Erickson will give her spin on generational stereotypes in the accounting profession during a Young CPA Infocast sponsored by the AICPA.

IMGCAP(1)]As small to midsized businesses work to do more with less, it is important for CPAs to offer their clients added value.