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Union of Pa.-based Top 100 Firms will create a Northeast mega-firm

The American Institute of CPAs has written to the IRS asking the service to rely on the existing Circular 230 penalty structure for regulating CPA tax preparers rather than impose a new one.

Regional CPA and business advisory firm Weaver and Tidwell has launched a Transaction Advisory Services practice, an arm providing due diligence and business valuations to private equity companies as well as companies in transition.

Cougar Mountain Software has upgraded its accounting, fund and point-of-sale software products with a new financial dashboard and filtering and reporting features.

Intacct has upgraded its Intacct Max for Salesforce CRM software with new data synchronization and contract features.

The Internal Revenue Service plans to reassign many of the auditors from its corporate division to a newly created office that will deal with wealthy tax evaders, including those with UBS bank accounts.

Accounting major Marilu Cruz, a junior at the University of Washington, is a source of inspiration.

Workflow software developer XCM Solutions visited the offices today to show off the upcoming version of the company’s software for helping accounting firms route documents to employees and partners.

IRS managers may start supervising tax audits more closely to help resolve disputes between taxpayers and tax examiners.

CCH has introduced Worldwide Tax Rates and Answers: Calculators, a set of software calculators that help accountants calculate corporate income tax and withholding tax liabilities in 90 countries around the world.