News

The American Institute of CPAs has chosen control and use of mobile devices as the No. 1 issue for its Top Technology Initiatives for 2011. It's the second year for the ranking of initiatives, which last year replaced the previous Top Ten Technologies. The selection combines a variety of technologies and business processes impacted by technology.

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Republic Bancorp, which is providing the bulk of refund loans during the current tax season, is seeking a hearing on an opinion from the Federal Deposit Insurance Corp., that its providing refund anticipations without the availability of the debt indicator is unsafe and unsound. Republic said it has already issued about 75 percent of its projected RAL volume. The FDIC move apparently could not halt the program until a hearing is held, which is described as being 60 days from the time the bank received the notice. However, if upheld, it would end RALs for 2012. Read more ...

Thomson Reuters’ Tax & Accounting business continued to perform well in the year ended December 31 as the overall company returned to growth. Tax & Accounting outpaced the rest of the company with revenue was up seven percent for the year, as the Workflow & Service Solution Segment, which includes the tax software business showed double-digit growth. Business Compliance & Knowledge Solutions was held down by a decline in print, although the Checkpoint research platform had a 9 percent increase in revenue.

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CPA2Biz, the forprofit arm of the American Institute of CPAs, has named David A. Pollak to the position of vice president of sales. Pollak was vice president of sales for 17 years with Creative Solutions and then with Thomas Tax & Accounting after it acquired that operation. Pollak was most recently VP of CPA Sales Solutions of Dexter, Mich.