The Progressive Accountant

AICPA Wants Optional IFRS Adoption

Barry Melancon The American Institute of CPAs has recommended that publicly held companies in this country be given the option of adopting International Financial Reporting Standards. The organization made its opinion known in a letter to the Securities and Exchange Commission.

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Intuit Kills Billing Manager

IntIntuit logouit is dropping its free online Billing Manager application on September 30. The company is offering users of the cloud-based product its QuickBooks Online Simple Start at no charge for one year as a replacement. Read more...

Jackson Hewitt Exits Chapter 11

Philip SanfordJackson Hewitt Tax Service, which had filed a re-packaged reorganization plan on May 24, has emerged from Chapter 11. CEO Philip Sanford says the now privately held company has a fully funded business plan, a strong balance sheet and the ability to make investments. The plan was confirmed by the U.S. Bankruptcy Court in Wilmington, Delaware on August 9. Read more...

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