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Nearly all Ohio CPAs favor spending cuts to reduce the U.S. deficit, though they split fairly evenly between those who favor target cuts in spending (48 percent) and those who want a combination of spending cuts and tax increases (47 percent), according to the Ohio Society of CPAs’ 2012 Ohio Business Poll.

A new report from the Institute of Chartered Accountants in England and Wales urges the International Accounting Standards Board to “end the era of convergence,” and give all listed companies around the world the option of applying International Financial Reporting Standards.

Tax preparation solution vendor Drake Software is offering a new online tax prep solution, Drake Zero.

Pannell Kerr Forster of Texas PC will now provide consulting services to businesses looking to file economic loss claims as part of a class action suit, such as the Deepwater Horizon oil spill.

ZenPayroll Inc. has closed on a $6.1 million round of corporate and individual financing, enabling it to launch its new cloud-based payroll service.

Nonprofit-focused financial reporting and accounting software maker AccuFund Inc. has released version 4.04 of its flagship accounting suite, which includes a new task scheduler module and payroll enhancements that feature Internet-based time clocks.

IMGCAP(1)] Diane Paoletta has been named the first chief marketing officer at Friedman LLP Accountants and Advisors.

A recent Gallup survey found eight in 10 Americans consider it extremely or very important that Congress and President Obama agree on a plan to avoid the so-called fiscal cliff — automatic budget cuts and the expiration of Bush-era tax increases set for Jan. 1.

After a Sunday meeting between President Obama and Speaker of the House John Boehner, R-Ohio, their staff members reportedly continued negotiations Monday on how to avoid the fiscal cliff.

The Internal Revenue Service has issued a revenue procedure that said certain losses do not need to be taken into account in determining whether a transaction is considered a “reportable transaction.”

The Supreme Court has agreed to hear a pair of cases challenging the constitutionality of the federal Defense of Marriage Act and of California’s Proposition 8, which banned same-sex marriage, and the cases could have tax ramifications.

Document and imaging product maker Accusoft has released Prizm Capture, a cloud-based tool designed to capture invoice information and import it directly into a QuickBooks Online account.

The New York State Society of CPAs has introduced a new CPE discount program that provides more continuing education options to small and midsize CPA firms.

Google Inc. avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show.

The majority of chief audit executives anticipate that the resources and budgets for their internal audit departments will either increase or stabilize next year, according to a new survey.

Walthall, Drake & Wallace LLP added Frank, Seringer & Chaney Inc., of Amherst and Wooster, Ohio, to its practice.

The Public Company Accounting Oversight Board released a report Monday in which it identified widespread problems at eight major accounting firms with their audits of internal control over financial reporting.

Online accounting software maker has added a set of new features including 1099 and GAAP compliance additions for the U.S. market, as well as an integration to the Track1099 e-filing and preparation tool.

Microsoft Dynamics Master VAR SBS Group has added technology consultant and Dynamics GP, AX, and CRM reseller Enterprise Resources Technology (ERT Group) to its Partner Network.

XCM Solutions has released version 10 of its flagship workflow automation product and unveiled a new mobile application to access key XCM product functions from any tablet or smartphone.