The Latest

The tax prep season is just upon us, and it has some very interesting wrinkles already. To begin with, Congress once again enacted legislation just before it left for the Holiday recess that directly impacted tax return preparation. Then there is the concern over severe implications of the tax preparer penalty changes.

Catapult Communications has decided to replace Deloitte & Touche as its outside accounting firm to reduce accounting expenses.

Financial Executives International has released two research studies on fraud prevention and financial reporting.

Payroll processor Paychex has introduced a debit card that offers a way for a business client's employees to access their flexible spending account funds.

KPMG plans to host a webcast on Section 904 regulations and their potential implications on the foreign tax credit positions of U.S. multinationals.

This free, new webinar details how practitioners are implementing the new audit standards that change how non-public company, not-for-profit and governmental audits are performed.

Thomson Tax & Accounting's PPC brand has issued a guide to help auditors cope with Statement on Auditing Standards No. 112, "Communicating Internal Control Related Matters Identified in an Audit."

Tax practitioners who take the plunge into financial planning find that it's a natural step to go from preparing a tax return and answering a client's questions, to tax planning and full-scale financial services."Financial planning has been a nice blend of what I'm already doing for my clients," explained Matawan, N.J.-based CPA Salim Omar.

Want to know how to encourage younger people to stay at your firm?Re-assess their supervisory relationships.

In gearing up for a new season of continuing professional education, providers are offering more of the same popular courses - updates in ethics, risk assessment standards and internal control - but are also responding to growing demand for diversity in delivery formats."We found that many of our members are favoring four-hour programs, contrasted with eight-hour programs," said Alan Schmelkin, managing director of operations for the New York State Society of CPAs, adding that he plans to offer upwards of 15 new titles at the shorter length. "Some people aren't able to commit for a full day. It's a much more acceptable kind of education timing for some of our audience."