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Newswire

• Treeno Integrates with QuickBooks

  November 20, 2009

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

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.

• XBRL US Issues Call for Research Partners, Names Fellows

  November 19, 2009

  XBRL US Labs has issued a call for research partners to expand the research and development projects it already has underway and named its first three research fellows.

• 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.

• 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.

• 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.

• UBCC Adds ACH Automatic Payments to Payroll

  November 18, 2009

  Universal Business Computing Company has added an automated clearing house tax payments feature to its payroll service bureau program.

• IASB’s Jones to Helm Pace’s Accounting Standards Center

  November 18, 2009

  Former International Accounting Standards Board Vice Chairman Tom Jones has been appointed director of Pace University’s Center for the Study of International Accounting Standards.

• Intuit Receives SMB Excellence Award from IDC

  November 18, 2009

  Market research firm IDC has recognized Intuit’s work with IBM on the Smart Business Platform as part of its first SMB Excellence Awards.

• Singer Aaron Carter Owes IRS Over $1 Million

  November 18, 2009

  Former teen idol Aaron Carter reportedly owes the Internal Revenue Service more than $1 million in back taxes.

• IMA Offers Advice to Small Businesses on Budgeting

  November 18, 2009

  The Institute of Management Accountants has released a set of tips to help small business managers with their planning and budgeting.

• AccountingMatch Expands to New Markets

  November 18, 2009

  A Web service that matches small businesses with accountants is expanding into nine new markets.

• Overstock CEO Objects to Grant Thornton Audit

  November 18, 2009

  Internet retailer Overstock.com has dismissed Grant Thornton as its auditor and opted to file an unaudited version of its third-quarter financials.

• Goldman Sachs, Warren Buffett Team in Small-Biz Program

  November 18, 2009

  Financial services conglomerate Goldman Sachs said it will launch a program that will earmark $500 million to assist the small-business community.

• SBA to Use More TARP Funds for Small Business

  November 18, 2009

  The Treasury Department and the Small Business Administration convened a Small Business Financing Forum in which they discussed ways to expand credit to small business.

• WorkingPoint Adds Tax Prep for Small Business

  November 17, 2009

  WorkingPoint, a company that develops online software for small businesses, has added new features to make it easier for its customers prepare their 2009 tax returns.

• SEC Charges Promoters of ‘Green’ Ponzi Scheme

  November 17, 2009

  The Securities and Exchange Commission has charged four individuals and two companies who persuaded more than 300 investors nationwide to participate in purported environmentally friendly investment opportunities that the SEC says were actually part of a $30 million Ponzi scheme.

• 14,700 Taxpayers Voluntarily Disclosed Foreign Accounts to IRS

  November 17, 2009

  Over 14,700 holders of foreign bank accounts told the Internal Revenue Service about the existence of the accounts under a voluntary disclosure program.

• Capco Starts Wealth Management Group

  November 17, 2009

  Consulting firm Capco has introduced a North American Wealth and Investment Management Group to help build the wealth and investment management capabilities of various types of financial firms.

• Crowe’s Hildebrand Joins AICPA Board

  November 17, 2009

  Crowe Horwath partner Mark Hildebrand has been named to the board of directors of the American Institute of CPAs.

• Obama Sets Up Financial Fraud Task Force

  November 17, 2009

  President Obama has established an interagency Financial Fraud Enforcement Task Force that will work with state and local authorities to investigate and prosecute significant financial crimes.