News

NEW YORK  — The American Institute of CPAs has donated $40,000 to Habitat for Humanity International to assist in efforts to help Haiti recover from its terrible earthquake. The donation was made possible by member contributions to the CPAs in Support of America Fund, a relief fund that was formed after the Sept. 11, 2001 terrorist attacks and was also used to help victims of Hurricane Katrina.

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GRAND RAPIDS, Mich. - Nelco has launched a new Wage and Information Reporting Engine, an updated version of a tool for developers of software products that offer accounting or payroll functions. Nelco said by using Wire, developers can take raw data from their applications and merge that with a library of government-approved federal and state wage and information reporting forms. The tool enables users to see forms on screen, edit data, print forms and save archive copies. Read more ...

About 50 percent of taxpayers will file federal taxes online, up from 34 percent just five years ago, according to a survey by The Conference Board and TNS. The conclusion is based on a survey of 10,000 households which found that convenience and speed are drawing consumers to Web-based preparation. But despite that trend, there is more concern about the security of online transactions.

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Paychex will not appeal a judge's decision that upheld a two-year-old jury verdict involving its 2001 decision to stop supporting the payroll processing software of Rapid Payroll, a company that Paychex had acquired in 1996. In a suit brought by a Rapid Payroll licensee, the company will pay $15 million in compensatory damages and $11 million in punitive damages awarded by the jury.

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