The Latest

A tax manager who left her firm in Hawaii and moved to South Carolina was the subject of a very interesting article in the July 2007 Boomer Bulletin from Boomer Consulting Inc. What was so interesting was that not much changed for the Hawaiian firm, as she continues to work for it remotely from South Carolina.

A federal judge has dropped the charges against 13 defendants in the KPMG tax shelter case.Judge Lewis A. Kaplan of the U.S. District Court in Manhattan blamed prosecutors for forcing the Big Four accounting firm to stop paying the legal fees of the 13 defendants and said their constitutional rights had been violated.

The Internal Revenue Service said it plans to simplify the signature process for electronically filed individual tax returns by allowing tax practitioners to avoid the need to send a paper signature document in support of their clients' e-filed returns.

Talent shortages, global business skills and Generation Y attitudes are just some of the challenges facing the accounting profession in the years ahead, according to a new report.

BDO Seidman has appointed Carl W. Pergola as executive director of the firm's BDO Consulting division.Pergola formerly ran BDO's litigation and fraud investigation practice. A member of BDO's board of directors, he is based in the firm's New York office.

The Public Company Accounting Oversight Board is forging closer ties with Australian regulators.The PCAOB has signed a statement of protocol with the Australian Securities and Investments Commission to improve cooperation in their oversight of auditors and public accounting firms that practice in the United States and Australia.

Despite the fact that Norwalk, Conn., is located roughly 50 miles north of the Accounting Today offices, I was fairly certain I could hear sighs of relief emanating from the Governmental Accounting Standards Board and echoing all the way down to lower Manhattan.

The American Institute of CPAs wants Congress to modify a little-noticed provision in the recently passed Iraq war-funding bill that the institute fears may put tax preparers at odds with their clients.

The Internal Revenue Service said it has begun mailing educational letters this month to more than 650,000 small tax-exempt organizations to let them know they need to start submitting a new annual electronic notice known as an e-Postcard.Form 990-N, the electronic notice they have to send, is intended for tax-exempt organizations with gross receipts of $25,000 or less. Until the passage of the Pension Protection Act of 2006, charities of that size weren't required to submit either the Form 990 or 990-EZ.

CCH has integrated its CertiTax software and Sales Tax Load Utilities with Microsoft Dynamics GP 10.0.The company's CertiTax Plug-in for Dynamics GP 10.0 provides an interface from CertiTax, CCH's hosted sales tax calculation system, to the Dynamics GP 10.0 sales order process module.