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Martha Stewart's daughter Alexis has sued her taxpreparer over errors she claims the accountant made on her return.

Amended returns are available for taxpayers who forget toclaim extra tax benefits and can bring in extra money later, CCH noted.

New Jersey-based accounting and consulting firm Wiss& Co. merged in New York City-based Freeman & Davis at the beginning ofthe month.

Blum Shapiro Consulting, a unit of CPA and businessadvisory firm Blum Shapiro, has become a reseller for business intelligence andforecasting applications provider Prophix Software.

Consumer advocate Ralph Nader has written an article for his Web site chastising the CPA profession for standing by while Wall Street firms "used the latest tricks to cook the books."

According to a 2008 study by Aon Corp., a 25-year-old earning $30,000 who has not started saving for retirement will need to save at least 4.2 percent of his annual salary until age 65 to have a chance of retiring with an appropriate amount of savings. If that worker were age 35 making $60,000, the number jumps to 7.5 percent.

Technology is supposed to make our lives easier – that is if we know what we’re using. With a variety of free tools on the market, it’s hard to decipher or find the time to investigate the best of the best. Nicholas Gaffney, a partner at Infinite Public Relations in San Francisco, offers a list of his firm’s top choices of collaboration and productivity tools for all generations.

The Public Company Accounting Oversight Board isconsidering making changes in the standards for audit confirmations after arecent wave of auditing scandals.

As the profession prepares for the transition to adoptingInternational Financial Reporting Standards, the Center for Audit Quality hasfired off a letter to the Securities and Exchange Commission offering a seriesof recommendations to improve the regulator's proposed IFRS roadmap.

California's annual list of the top tax evaders in theGolden State includes the names of at least three celebrities.