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IMGCAP(1)]Generally regarded as recession-proof, the accounting industry has been less affected than others by the recent economic turmoil hitting the U.S. economy.

As states raise their taxes to make up for their budget shortfalls, they are now finding that their citizens are moving across state lines, and even across the country, to avoid the heavier tolls.

Individual investors’ confidence in the U.S. capital markets is stabilizing this year after dropping precipitously between 2007 and 2008, according to a survey by the Center for Audit Quality.

Intuit has upgraded its QuickBooks small business accounting package for the Mac, with streamlined company set-up features and customized at-a-glance reporting tools.

Coda’s Web-based accounting application Coda 2go has been spun off into a separate company, known as FinancialForce.com, headed by Coda CEO Jeremy Roche.

CFOs indicated a heightened sense of confidence in the U.S. economy and their own companies in the third quarter, according to a new survey.

Two accounting firms in New Jersey, Rotenberg Meril Solomon Bertiger & Guttila and Torchia Foster, plan to merge Thursday to create one of the largest independent firms in the Garden State.

Falls Church, Va.-based Murray, Jonson, White & Associates has given $50,000 to the Virginia Society of Certified Public Accountants Educational Foundation to establish a student scholarship. The scholarship and funds were allotted to be in conjunction with the firm’s 50th anniversary in 2009.

The Internal Revenue Service has provided guidance for retirement plan administrators, plan participants and retirees on some recent changes from legislation affecting required minimum distributions.

The Financial Accounting Standards Board and its global counterpart, the International Accounting Standards Board, hope to stay in lockstep on standards, but oftentimes it’s not so easy.