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Promoters have been marketing on the Internet the use of 401(k) funds to purchase franchises or startup businesses, which normally require up-front material sums of monies to launch.

New York - A bill signed into law by New York StateGovernor David Paterson provides an exemption from the state's new tax preparerregistration requirements for CPAs, including those who hail from outside thestate.

New York -Though merger and acquisition volume during the second half of 2009remained sluggish, there are some subtle signs of a pick-up, according to Ernst& Young's Transaction Advisory Services's "Why Capital Matters"survey.

Washington, D.C. - IRS Commissioner Douglas Shulman saidthe agency would focus more of its efforts on closely scrutinizing transferpricing arrangements that allow U.S. companies to avoid taxes on income earnedabroad, as well as conduct joint audits with tax authorities in othercountries.

Washington, D.C. - The Public Company AccountingOversight Board has scheduled an open meeting for Thursday in order to considerreproposing certain auditing standards and related amendments.

David Evans, a graduate from the University of Tennessee and managing member of Dixon Hughes’ Atlanta office, was presented with the Outstanding Young Alum award at the university’s first Annual Alumni Awards Gala.

You'll be seeing a few changes on Accounting Tomorrow in the coming months. We'll still have our own URL, www.accountingtomorrow.com, but we'll be amping up our blog to engage and promote reader discussion. We'll also be unveiling a new logo that will mesh better with Accounting Today's brand.

In this edition of Generational Viewpoints, we posed thesame question to Baby Boomer and managing partner Deborah Lambert, born in1956, and Gen X Principle Jason Sandner, born in 1977. Both hail from the Raleigh, N.C., office of Johnson Lambert & Co. LLP (www.jlco.com), a multi-office firm headquartered in Northern Virginia. We asked Debbie and Jason the following:

The Private Company Financial Reporting Committee met recently to discuss the impact of recent changes in accounting standards on private companies, including some confusion in the Financial Accounting Standards Board's new Codification updates.

AICPA, FEI OBJECT TO FEDERAL ACCOUNTING OVERSIGHT BOARD