CCH has integrated its ProSystem fx Tax software with TaxScripts Inc.’s TaxScripts Pro to automate IRS transcript requests and disclosure authorization submissions.

Thomson Reuters’ Tax & Accounting business has upgraded its TaxStream Provision software to help corporate tax departments with the transition to International Financial Reporting Standards.

The Tax & Accounting business of Thomson Reuters has donated its entire stock holdings in the American Institute of CPAs’ CPA2Biz subsidiary to the AICPA Foundation.

New America Software has formally released its MultiTax software for download after about a year of beta testing with various tax preparation businesses.

Oversight Systems has released Oversight 5.0, the latest version of its software that analyzes data from financial systems and looks for instances of transaction fraud, misuse and errors.

Technology integrator Net@Work has agreed to take over Solution Strategists’ Sage software practice, including all Sage accounting, enterprise resource planning and customer relationship management products.

XBRL US, the organization responsible for standardizing data-tagged financial reporting in the United States, is launching the XBRL US Labs, which will perform commissioned research for partners in the private and public sectors.

CCH and Global Tax Management are partnering on a sales and use tax system that can work with a corporation’s Oracle software.

Blackbaud has created a more affordable version of its nonprofit accounting software for small organizations that only require one to three users.

Tax document automation provider Copanion, parent to the GruntWorx Organize and Pro solutions, has released GruntWorx Trades, a new offering that automatically transforms trade details on scanned 1099 brokerage statements into a standard Microsoft Excel spreadsheet.

CCH has expanded its lineup of global tax products with Worldwide Tax Rates and Answers: Individuals, an online tax compliance and research service that covers the European Union.

Universal Business Computing Co. has released the latest versions of its general ledger and payroll software with new productivity enhancements.

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XBRL TAGS ALIGNED TO FASB CODIFICATION

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The economy has offered a boon to the accounting industry in recent years, but a time of reckoning has come and firms are faced with new realities. They must discover new ways to do more with less while increasing profitability.