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The profession's confidence in the U.S. economy moderated somewhat last month, according to the April edition of Accounting Today’s monthly Accountants Confidence Index.

There's a lot to try to make sense of this week, however I feel I'm better suited to offer insight into the moves companies and consultants in our space have made, rather than those of individuals in a certain Northeastern city.

Coffee chain Starbucks ranked at the top of restaurant vendors listed by employees on expense reports, with Marriott dominating in the hotel category, Delta in airline category, and Avis for car rentals.

The U.S. Commodity Futures Trading Commission has filed a complaint against Tunney & Associates, an accounting firm with offices in Hammond, Ind. and Orland Park, Ill., and Michael Tunney, its sole owner and a CPA licensed in Illinois and Indiana, claiming he failed to properly audit a client registered with the CFTC.

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International Accounting Firm News:

It might be tempting for small business owners, and their advisors, to contemplate the higher tax rates on individuals spawned by the American Tax Relief Act, and conclude that switching their S corporation to a C corporation makes sense.

The Internal Revenue Service is offering an updated way to handle problems with the Form 8949, which has been having issues this past tax season.

Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

The Internal Revenue Service improperly screens many reports of possible tax fraud submitted by taxpayers and routes them to the wrong place, according to a new government report.

Federal prosecutors in Memphis have charged 24 current and former Internal Revenue Service employees with crimes stemming from fraudulently obtaining more than $250,000 in government benefits.

Cloud-based travel and expense management service Concur officially unveiled the Concur App Center, a new marketplace that provides Concur clients and their employees with access to Web and mobile applications that are integrated with Concur.

American Express OPEN, the small business payment card issuer division of Amex, has launched ReceiptMatch, a new feature that matches images of Business Card receipts to transactions on online credit card statements.

Online accounting software maker Xero has partnered with online payroll product ZenPayroll, aiming at small businesses to integrate ZenPayroll data directly with Xero.

A pair of senators have introduced bipartisan legislation aimed at expanding the use of S corporation employee stock ownership plans, or S ESOPs, to encourage more Americans to save for retirement.

Former Financial Accounting Standards Board chairman Robert Herz has written a new book on his experiences chairing the Financial Accounting Standards Board and the challenges he faced during the financial crisis.

A proposed Integrated Reporting Framework unveiled by the International Integrated Reporting Council this week is attracting some early support.

The Internal Revenue Service needs a long-term strategy to improve the interactive services it offers online, according to a new government report.

Wastvedt & Co. has acquired the San Diego-based accounting firm, Advantage Tax and Accounting Services. Deal terms were undisclosed.

Sage North America today released Sage 50 Accounting 2014–U.S. Edition, which boasts enhancements to accounts receivable, streamlined accounts payable processes, and the addition of a business intelligence tool.