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• Intuit Posts Q1 Loss

  November 20, 2009

  Citing drops in its core QuickBooks revenue and typical ³seasonal² losses during the first quarter, Intuit Inc. posted a loss of $68 million versus $52 million for the prior year for the period ended October 31.

• Treeno Integrates with QuickBooks

  November 20, 2009

  Enterprise content manager Treeno Software has launched an integration module for the users of Intuit’s QuickBooks.

• Atkinson Elected NASBA Chair

  November 20, 2009

  The National Association of State Boards of Accountancy has elected Billy M. Atkinson, a Sugarland, Texas-based CPA and PricewaterhouseCoopers audit partner, as its 2009-2010 chairman.

• Study Identifies Most Regressive State Tax Systems

  November 20, 2009

  Most states tax their middle- and low-income families far more heavily than the wealthy, according to a new study by the Institute on Taxation & Economic Policy.

• Baker Tilly Virchow Krause to Merge with Beers + Cutler

  November 20, 2009

  Baker Tilly Virchow Krause plans to merge with Beers + Cutler to create the 13th largest accounting firm in the U.S., with over $250 million in revenue.

• Software Integrates Tax Prep with Corporate Reporting

  November 20, 2009

  Thomson Reuters has introduced software to help corporate tax departments integrate the financial reporting and accounting data they need for preparing the tax footnote in an annual report with their corporate tax return data.

• IDEA Teams with Audimation on Risk Monitoring

  November 20, 2009

  CaseWare IDEA and Houston-based Audimation Services have launched SymSure for IDEA continuous auditing and monitoring risk management software.

• Senate Health Bill Contains Tax on Cosmetic Surgery

  November 19, 2009

  Senate Majority Leader Harry Reid, D-Nev., introduced the Senate’s version of the health care reform bill, which includes a new 5 percent tax on elective cosmetic surgery.

• Accountants Think Companies Aren’t Ready for Recovery

  November 19, 2009

  A new survey of corporate accountants found that 46 percent said their company could do more to prepare for recovery and another 8 percent believe their company is poorly prepared for recovery.

• Over $532M Wrongly Claimed for Education Tax Credits

  November 19, 2009

  Approximately 203,000 taxpayers erroneously claimed a total of over $300 million in Hope Credits for higher education in 2006, and over 169,000 claimed over $232 million in credits, according to a new report by the Treasury Inspector General for Tax Administration.

• Fujitsu and Trintech Partner to Extend XBRL Capabilities

  November 19, 2009

  Trintech Group has embedded the Fujitsu Interstage XWand XBRL processing engine into the Trintech Unity Xtensible Financial Reporting software module.

• Last-Minute Business-Planning Tips

  November 20, 2009

  It’s getting near the end of the year, and ’tis the season to be compiling lists.

• IRS Files $34M Lien Against ‘Girls Gone Wild’ Founder

  November 20, 2009

  Joe Francis, CEO of the company that produces the racy “Girls Gone Wild” video series, is in trouble with the IRS again only weeks after a judge sentenced him to time served for tax evasion charges.

• NetSuite Partners With Aria Systems on Billing

  November 19, 2009

  NetSuite has integrated Media, Pa.-based Aria Systems’ billing functionality, which was developed using NetSuite’s SuiteCloud technology.

• Bagel Company Owner Indicted for Stealing Withholding Taxes

  November 19, 2009

  The owner of New York bagel maker H&H Bagels has been indicted and arrested for stealing withholding taxes and evading unemployment insurance tax in connection with his wholesale and retail bagel business.