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The recent IFAC Global SMP Survey from the International Federation of Accountants showed that attracting new clients is a top concern for accountants in small and medium practices, with 58 percent of respondents rating it as a high or very high challenge.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Marc Rosenberg of Rosenberg Associates discusses how accounting firms can better recruit and retain the Millennial generation, in an interview with Accounting Today editor-in-chief Dan Hood.

Tax issues surrounding marijuana

House Speaker John Boehner said a long-sought overhaul of U.S. corporate tax law has barely an even chance of being enacted by Congress this year, though both chambers are under Republican control.

A three-step plan to build a specialty focus

The Clinton Foundation is reportedly planning to re-file five years’ worth of tax returns after questions arose over donations by foreign governments to the charitable foundation run by Bill, Hillary and Chelsea Clinton.

Bookkeeping tool Receipt Bank has entered the wearable market with its new app, Practice Platform, available via web browser, iOS, Android and Apple Watch, as the newly released product’s first bookkeeping app.

Chief audit executives in the power and utility industry rank cyber security as the highest risk and biggest concern for their industry, according to a new report from PricewaterhouseCoopers.

One Up launched its mobile accounting app for small businesses, with a suite that also includes automatic inventory, CRM and invoicing.

Fuoco Group has merged with MCG Financial Services, Approved Accounting Associates and NHC Hospitality Consultants.

The Governmental Accounting Standards Board has voted to begin research on improving the disclosures by state and local governments about going concern and debt.

Bankrupt ex-billionaire Samuel Wyly told a judge it’s too soon for regulators to fret over what he’ll do with as much as $50 million from the planned sale of his family’s Colorado ranch, the site of six custom-built mansions.

Ontario’s government is ending tax breaks to film producers and other businesses as it looks to double savings to meet its target for a balanced budget in two years.

August Aquila and Angie Grissom argue the pros and cons of social media

Retaining qualified employees continues to be a problem for accounting firms

New hires, promotions and more…

NetSuite has entered an agreement to acquire Bronto Software in a cash and equity transaction valued at $200 million.

Sam’s Club, the membership warehouse club owned by Wal-Mart, is teaming up with a New York City-based accounting firm known as 1-800Accountant to offer accounting and tax services that can be accessed via mobile devices such as smartphones and tablets.

Rep. Bonnie Watson Coleman, D-N.J., has introduced legislation that would provide relief to low-income and economically vulnerable Americans who would otherwise be subject to wage garnishments by the Internal Revenue Service.