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The Financial Accounting Standards Board and the International Accounting Standards Board said Wednesday they have agreed on an approach for accounting for lease expenses.

Cloud-based accounts payable and receivable service Bill.com has rolled out an accountant certification program, enabling accounting firms using Bill.com to gain a deeper understanding of the product and expand their service offerings.

The three service lines of the Rainmaker accounting firm consultancy are being reunified under the single name of The Rainmaker Companies LLC.

A new study has found that while women are more conservative with their finances than men, 63 percent still believe their financial planning needs improvement.

Investment fraud and financial exploitation of senior citizens are getting worse, according to a new survey.

Payroll and benefits outsourcing provider Paychex Inc. has released the Paychex Mobile smartphone application for iPhone, Android and BlackBerry devices.

Online insurance company Insureon said it now offers business insurance coverage to help small accounting firms with succession plans, online filing risks, and other forms of liability insurance.

A new report from the Federal Reserve indicates that the median net worth of American families plummeted by 38.8 percent in the aftermath of the recession.

AICPA’s president and CEO Barry Melancon and chair Greg Anton offer an update on professional issues at annual conference

The Senate Finance Committee held a hearing Tuesday to examine the impact of tax reform on U.S. energy policy.

The Internal Revenue Service warned employers that they only have until June 19 to qualify for an expanded tax credit of up to $9,600 for hiring veterans.

Advising entrepreneurial clients is rarely easy work for planners, especially when it comes to dealing with warring members of a family owned business.

Grassi & Co. 488 Madison Avenue, 21st Floor New York City, NY 10022 t. 212.661.6166 f. 212.755.6748 E-mail: marketing@grassicpas.com PRESS RELEASE CONTACT: Teresa Hansen, (516) 918-5906 thansen@grassicpas.com DATE: June 12th, 2012 Grassi & Co. To Host First Annual Construction Executive Forum Hear From Experts in the Industry New York, NY – June 12th, 2012 – Grassi and Co. will be hosting their first annual Construction Executive Forum. The Grassi & Co. Construction Executive Forum is an industry-specific forum for owners and senior executives within the New York metropolitan region. The forum offers the opportunity to join with other industry executives and thought leaders to share and explore knowledge and experience of the industry. Topics to be covered include: Financial Management, Public-Private Partnerships (P3s), Risk Management and Tax Issues Impacting the Industry, among others. Registration is required for the event. Please see below for registration details. The three-day event will take place from Wednesday, June 20 through Friday, June 22, 2012 at the Westchester Country Club in Rye, NY. Speakers will include: •Richard T. Anderson, New York Building Congress, President •Milo E. Riverso, Ph.D., P.E., STV Group, Inc., President and CEO •Thomas D. Barr, Barr & Barr Inc., Chairman of the Board •Kenneth A. Durr, Durr Mechanical Construction, Inc., President •Hank M. Harris, FMI, President and CEO •Louis C. Grassi, CPA, CFE, Grassi & Co., Managing Partner and CEO •Geri A. Gregor, CPA, Grassi & Co., Business Advisory Practice Partner in Charge •Stephen J. Mannhaupt, CPA, Grassi & Co., Partner, Construction Practice •Richard E. Gavin, CPA, CCIFP, Grassi & Co., Partner, Chief Financial Officer •Paul Monte, Pecker & Abramson, P.C., Partner •Thomas Curran, Pecker & Abramson, P.C., Partner •David Marino, Aon Risk Solutions, Executive Vice President Construction Services Group •Bob Stuono, McGraw-Hill Construction, Senior Vice President and General Manager •David DiNitto, McGraw-Hill Construction, Sales Director, Research Analytics •Gregory A. Pulitano, CPA, Grassi & Co., Director, Business Advisory Practice The small group setting will provide construction executives with the opportunity to not only gain valuable knowledge and updates from top industry specialists, but also to interact and network with their peers in a relaxed environment. For more details, to register for the forum and to view the program, go to http://www.grassicpas.com/media/events/cef2012/. Sponsors of the forum include: Morgan Stanley/Smith Barney SHG Financial Group AON Bank of American Merrill Lynch Pecker & Abramson, P.C. Maxwell Systems ENR New York To register for the forum please contact the Grassi & Co. marketing team at marketing@grassicpas.com or via phone at 516-256-3500. ### About Grassi & Co.: Grassi & Co. is a premier professional service organization specializing in accounting, auditing, tax, technology, and business consulting. Based in Manhattan, NY the firm has been ranked as the 23rd largest firm in the New York Metropolitan area by Crain’s New York Business and is among the top 10 largest firms on Long Island by Long Island Business News. The firm has offices in Long Island and North Carolina, and includes 26 partners and a staff of nearly 200. Teresa L.Hansen Marketing & Communications Coordinator GRASSI & CO. t: (516) 918-5906 www.grassicpas.com e: thansen@grassicpas.com Join my LinkedIn network: linkedin.com/in/teresalh 488 Madison Avenue, 21st Floor, New York, NY 10022 t: (212) 661-6166 | f: (212) 755-6748 50 Jericho Quadrangle, Suite 200, Jericho, NY 11753 t: (516) 256-3500 | f: (516) 256-3510 Grassi & Co. has been ranked as #17 on the Top 50 Best Places to Work in New York City list by Crain’s New York Business for 2011. DISCLAIMER In accordance with requirements imposed by the IRS, we inform you that, unless expressly stated otherwise, any tax advice contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of 1) avoiding penalties under the Internal Revenue Code or 2) promoting, marketing or recommending to another party any transaction or matter addressed herein. The information contained in this transmission, and any accompanying attachments, is confidential information intended only for the use of the individual or entity named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by telephone.

Mergers and acquisitions are expected to increase this year among mid-market businesses, according to a new survey.

In the opening keynote address to the annual American Institute of CPAs’ Practitioners Symposium and TECH+ Conference and the 2012 Association for Accounting Marketing Summit, author and marketing expert Sally Hogshead urged attendees to focus their marketing efforts on what sets them apart, and to understand themselves better in order to fascinate their clients and prospects.

I bet the whole world that we could find exciting, interesting accountants

With the hurricane season starting early this year, the Internal Revenue Service is encouraging individuals and businesses to follow a few steps to protect themselves against natural disasters.

A small city in the Chicago area has filed suit against an accounting firm that overlooked the embezzlement of over $50 million by the town’s former treasurer and controller.

A federal appeals court has upheld a lower court ruling dismissing the complaint of a tax preparer who argued that the Treasury Department and the Internal Revenue Service did not have the right to charge an annual fee for a Preparer Tax Identification Number.

Sage North America has released a mobile application to help members of the Sage Accountants Network keep up to date on Sage and industry issues.