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Cloud accounting and financial applications provider FinancialForce.com has released Accounting Summer ’12, which includes several multicurrency enhancements, deeper CRM and accounting collaboration, and a community site feature.

After achieving some success with the release of SAP’s cloud-based offerings including SAP Business ByDesign and, more recently, Business One OnDemand, the business process software giant is planning the release of a cloud-based financial management product later this year with accounting firms as key partners in the effort.

This year’s Top 100 Most Influential People report includes profiles of the regulators, firm leaders, consultants, technology vendors and practitioners who are leading the profession.

A federal judge in Worcester, Mass., has sentenced William Scott Dion of Sanbornville, N.H., to 84 months in prison for conspiring to defraud the United States and for obstructing the IRS.

The Facebook farewell message of departing IRS Return Preparer Office director David Williams has prompted a number of good wishes and gratitude for his work.

Nearly half of CFOs don’t anticipate the one-time costs of going public, according to a new survey by PricewaterhouseCoopers.

Financial Executives International has begun scoring members of Congress on how well their votes match FEI’s legislative priorities.

The Internal Revenue Service does not yet have enough information to determine whether its self-assistance and virtual services are providing efficient and effective customer service to taxpayers.

Cloud-based financial planning and reporting technology provider Adaptive Planning has purchased SaaS data visualization tool maker myDials, effectively enhancing the company’s business intelligence capabilities.

Kreinik & Co. and Fiorita Kornhaas & Co. becomes one.

Intuit released new editions Monday of QuickBooks 2013, including Accountant, Pro, and Premier, with numerous key enhancements including an entirely new interface.

Republican presidential nominee Mitt Romney cited a group of economic studies to show that his tax-cut plan won’t increase the U.S. budget deficit or shift the tax burden to middle-income taxpayers.

Robert James joins the firm’s financial services practice as senior advisor.

Having a carefully designed social media policy in place isn’t only a matter of establishing standards for politeness; it’s necessary to legally protect your firm and its actions.

CBIZ reported a rebound in small business employment in August among its payroll clients following a decrease in July.

Tax departments are being excluded from discussions about whether it’s a good idea for their companies to move into cloud computing, despite security concerns.

We asked our Top 100 People candidates if they think we are likely to see large-scale tax reform in the next year. Their prognostications varied wildly.

A California woman has been sentenced to prison for claiming and receiving unemployment benefits while working full-time for the Internal Revenue Service.

Check out the digital edition of the September 2012 issue of Accounting Today.

Yeo & Yeo has merged in Hauswirth+Moncrief, expanding the Michigan firm’s footprint in the Detroit area.