INDUSTRY NEWS
Product and service updates from leading vendors
and suppliers to the accounting profession.

May 7, 2012
TPA Issued on Accountant Considerations When Management Doesn’t Perform Required VIE Assessment
TPA 9150.29 describes effects on compilations and reviews when management does not perform required assessment regarding whether enterprise is primary beneficiary of VIE and instructs accountant to not perform assessment.

Thomson Reuters to Provide Trademark Professionals With Insightful Darts-IP Case Law Information on SERION Platform

Illinois CPA Society: Why and How to Land Your First Job in Public Accounting

Bankrate.com Surveys Prepaid Debit Cards, Finds Fees Galore
Bankrate.com (NYSE: RATE) recently surveyed 18 widely issued prepaid debit cards and found that all 18 incorporate fees of some kind. "For the majority of consumers, a low-cost or free checking account remains the better option," said Greg McBride, CFA, senior financial analyst for Bankrate.com.

US Labor Department Awards Nearly $65.5 million to Fund Re-Employment, Eligibility Assessments for Unemployment Insurance in 40 States, Puerto Rico and DC -- 12-0916-NAT

SAPBringsProcess Modeling to the Masses
SAP AG (NYSE: SAP) today announced the general availability of a collaborative process modeling tool in the SAP® StreamWork® application. The new tool enables groups of people to work together in real time using their Web browsers' modeling processes as easily as if they were in a room together.

Paychex Infographic: Small Businesses Have a Big Impact on Communities, Economies, Philanthropy and Innovation
Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, released today an infographic detailing the big impact that small businesses have on communities, economies, philanthropy, and innovation. As a co-sponsor of National Small Business Week 2012, Paychex is honoring the importance of small businesses and the impact they have on our lives.

Prudential's Tipp: Global Economic Uncertainty Benefits Bonds
Robert Tipp, chief investment strategist at Prudential Fixed Income, says the uncertain global economic picture will draw investors to the bond market. "Treasurys might not look good domestically, but they do in an international context," he said, adding that last week's jobs creation report spurred "nagging doubts" about a U.S. economic recovery.

May 4, 2012
AICPA Survey Finances Causing Rifts for American Couples
Financial matters are the most common source of discord among American couples, prompting an average of three arguments per month, according to a national telephone survey conducted for the American Institute of CPAs (AICPA) by Harris Interactive.

Paychex Number One in Survey of Defined Contribution Recordkeepers
Paychex, Inc. was ranked number one in a recent survey by Pensions & Investments (P&I) magazine on companies that manage defined contribution recordkeeping assets. Paychex earned top billing for the second straight year when ranked by the number of sponsors. Paychex’s number of sponsor-clients increased 11.5 percent, from 52,000 to 58,000.

More Questions Than Answers for 2013 Tax Picture: New CCH Tax Briefing Examines Key End-of-Year Issues

BNA: States Taxing New Technologies, At-Home Work Arrangements, Social Coupon Transactions, As U.S. Economy Continues Shift to the Web-based World

Deloitte Foundation’s 17th Annual Tax Faculty Symposium Connects Thought Leaders from Academia and the Tax Profession

IRS Seeks Applications for the Internal Revenue Service Advisory Council
Applications are being accepted for the Internal Revenue Service Advisory Council, which provides a public forum for IRS officials and representatives of the public to discuss relevant federal tax administration issues.

May 1, 2012
CCH Audit Solutions, ProSystem fx Engagement and Knowledge Coach to Feature Compatibility With SQL Server 2012

Martin Shenkman Honored With 2012 Kess Award for Excellence in Continuing Education
AICPA honored Martin Shenkman, principal at Martin Shenkman P.C., with the 2012 Sidney Kess Award for Excellence in Continuing Education at its Conference on Tax Strategies for the High-Income Individual in Las Vegas.

McGladrey Pullen LLP Becomes McGladrey LLP

April 30, 2012

BNA Software Launches BNA Income Tax Planner Web

BNA Software®, a Bloomberg BNA business, today announced the launch of BNA Income Tax™ Planner Web.

New Sage BusinessWorks 2012 Saves Small Businesses Time, Money, and Resources Through Integrated Functionality

IRS Seeking Applications for Volunteer Tax Assistance Program Grants
The Internal Revenue Service is accepting applications for the TCE and VITA grant programs

April 25, 2012

Bloomberg BNA Announces the 2012 Edition of the ‘Social Security and Medicare Fact Sheet

Bloomberg BNA today announces the publication of the 2012 Edition  of the Social Security and Medicare Fact Sheet, the ideal way to inform employees of changes to their Social Security and Medicare benefits.

PwC US Ranks No. 1 on DiversityInc's Top 50 Companies for Diversity List
PwC US was named No. 1 on DiversityInc's 2012 Top 50 Companies for Diversity list, after a breakthrough year during which huge gains in diversity were seen at the senior-most levels of PwC and among all companies named to the list.

Not Heard Through the Grapevine
Accountemps survey: lack of communication top management mistake.

Growth of Domestic, Offshore Shared Services Outpaces Traditional Outsourcing: KPMG Survey

Sage Survey Shows Majority of Canadian Small Businesses Aren’t Using Accountants to Their Full Potential

April 23, 2012
More Additions to Growing CCH Expert Treatise Library: Estate Planning, Federal Research and Development Tax Incentives Titles Now Available

April 18, 2012
Filed Your Taxes and Forgot Something? You Have a Second Chance: CCH Examines Steps for Completing an Amended Return