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Sage launches accounting software
Sage Software recently publicized the launch of Peachtree by Sage 2008 product line for small businesses. The programs—Peachtree First Accounting 2008, Peachtree Pro Accounting 2008, Peachtree Premium Accounting 2008, and Peachtree Complete Accounting 2008—will be available from next month at almost all office supply stores and computer dealers. Laurie McCabe, vice president for SMB Insights and Business Solutions at Access Markets International (AMI) Partners, Inc., said that "Peachtree by Sage has a long history in the small business accounting space, and it will continue that legacy by sticking with its bread and butter: offering small businesses a solid accounting solution."
Two days' extension for filing FBAR
The Internal Revenue Service (IRS) has extended the last date for filing the report of Foreign Bank and Financial Accounts (FBAR), Form TD F 90-22.1., by two days. Taxpayers can now file their reports till July 2nd. Every U.S. citizen with authority over any financial accounts, including banking and securities in a foreign country, financial interest, or the cumulative value of these financial statements surpassing $10,000, must file the FBAR form. The FBAR forms and guidelines can be accessed from the IRS website or the FinCEN website.
IFAC invites participants to complete a survey
The International Federation of Accountants (IFAC) is conducting an international survey with the purpose of acquiring knowledge on how to reinforce the financial reporting procedure. Participants belonging to the financial reporting supply chain are being invited to complete the survey. Academics, regulators, standard setters, preparers, auditors, investors and other users of financial reports are all invited as participants. The survey is likely to be concluded by July 6th. The survey can be accessed online through the IFAC website (http://www.ifac.org/financialreportingsurvey). The final results will be posted on the IFAC website by the end of the year.
McGladrey fortifies its base in Florida with Orlando accounting firm
RSM McGladrey, Inc., and McGladrey & Pullen, LLP, have acquired Tedder, James, Worden & Associates, P.A., the fifth-largest accounting firm in central Florida. With this acquisition, the total number of its offices across the nation has risen to 120. The sole partner McGladrey & Pullen, LLP along with RSM McGladrey form the fifth-largest accounting and consulting firms in the U.S. With 8,000 employees, the firms provide accounting, tax, and business consulting services to their clients. According to the terms of acquirement, McGladrey & Pullen will manage the audit and attest assets of Tedder, James, Worden & Associates, while RSM McGladrey will hold the accounting, tax, and business consulting assets.
Salem Communications swaps accounting companies
Radio broadcaster Salem Communications Corp. recently announced Singer Lewak Greenbaum & Goldstein, LLP, as its new auditor. The new accounting firm replaces Ernst & Young, LLP. In its submission filed with the Securities and Exchange Commission (SEC), the firm stated that the decision is not due to poor quality or delivery of Ernst & Young's services. Salem's 2005 and 2006 fiscal reports produced by Ernst & Young also did not contain any disclaimers regarding the firm. The radio broadcaster has urged Ernst & Young to send a letter to the SEC which mentions that the former accounting firm consents with the version of events presented by Salem.
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