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Latest News
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H&R Block to Sell 150 More Tax Offices
H&R Block is cutting costs and will be closing more offices before next tax season, allowing the company to reduce its continuing losses. Read more
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PCAOB Drafts Bill to Make Disciplinary Proceedings Public
The Public Company Accounting Oversight Board has written to Congress with a draft bill that would amend the Sarbanes-Oxley Act to allow it to make its disciplinary hearings of accounting firms and auditors public. Read more
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Employer Expectations of Accountants Change
The International Federation of Accountants’ Professional Accountants in Business Committee has released a paper highlighting how employer expectations of professional accountants in business are expected to change in light of global trends and evolving organization needs. Read more
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IRS Issues Guidance on Buying Non-Prescription Drugs in Health Accounts
The Internal Revenue Service has issued guidance on the purchases of over-the-counter medicines and drugs with flexible spending arrangements and health savings accounts next year in light of the changes in the health care reform bill. Read more
Departments
Today's Inside Views
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President’s Tax Reform Panel Report Has Déjà Vu Moments
It’s been five years since former Senator Connie Mack, then chairman of the President’s Advisory Panel on Federal Tax Reform, said the panel would “take a fresh look at the existing Tax Code and will formulate options for making the tax system simple, fair and productive.” Read more
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Dog day afternoon?
Does your energy wane in the late afternoon? Do you make a mad dash for coffee just to get an instant energy fix so you don’t nap at your desk? You’re not alone. According to a new Accountemps survey, the time period between 4 p.m. and 6 p.m. is the least productive time of day for employees. Read more
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Wiss & Company host first women’s golf classic
Livingston, N.J.-based Wiss & Company is gearing up for their first Wiss Women’s Leadership Golf Classic to raise money for the firm’s Wiss Philanthropic Foundation, which funds accounting scholarships as well as provides donations for various charitable organizations. Read more
Washington This Week
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Obama Tells GOP to ‘Drop the Blockade’ on Small Business Tax Cut Bill
President Barack Obama blasted Senate Republicans for obstructing his administration’s top legislative priority: a bill providing tax cuts and a $32 billion lending fund for small businesses to spur job growth. Read more
Industry Leaders – Q&A
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Leslie Seidman
FASB board member Leslie Seidman is about to become the acting chairman now that Robert Herz is planning to retire. She explains the board's recently proposed leasing standards and convergence plans. Read more
Special Reports
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Top 100 VARs
This comprehensive feature ranks the top resellers of accounting software in terms of revenue. See which companies have forged a presence in the VAR marketplace and the product lines they carry. A must-read for any tech-centric CPA firm.
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Editors' Picks
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Five strategies for organic growth
Despite challenging times, firms need to grow
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GAO Sorts the Homebuyer Tax Credit Stats
California, Nevada and Utah homeowners were apparently the biggest beneficiaries of the First-Time Homebuyer Credit, though the rankings differed depending on the three flavors of the tax credit enacted by Congress in the past few years. Let’s see how they stack up.
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Wealth Magnets: The 4th Annual Ranking of CPAs by AUM
Facing volatile markets and uncertain regulation, planners focus on clients
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