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When you heard that the Groupon folks turned down $6 billion from Google, what went through your mind? Here's a company (Groupon) that's so young its carpets probably haven't even needed to be cleaned yet. It struck upon a dynamic concept that has quickly generated enough of a level of adoption in the marketplace to attract the attention and wallet of another company (Google). If you were in Groupon's ownership shoes, what would you have done?

Rob Nance
IRS order to wait puts additional pressure on accounting firms
The Internal Revenue Service has announced that taxpayers affected by three recently reinstated deductions need to wait until mid- to late February to file their individual tax returns, as well as those taxpayers who itemize deductions on Form 1040 Schedule A. Read More >>
IRS provision exempts some non-signing tax preparers from competency exam
The Internal Revenue Service has issued regulations regarding non-signing preparers and PTIN registration. The regulations provide an exemption from competency exam requirements for some non-signing tax preparers. Read More >>
Regulators terminate bank's contract with H&R Block to stop loans
H&R Block Inc. disclosed last week that HSBC Holdings had ended its long-term contract to provide refund anticipation loans to H&R Block clients. HSBC acted under a directive from its federal regulator, which prohibited HSBC from offering any form of RALs. Read More >>
Charitable gifts from IRAs are ideal means to make donations
The clock is ticking. For tax and financial advisors of donors 70 1/2 or older, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 allows donors to tap their IRA to make qualified charitable distributions through January 31. Read More >>
Year in (1099 and W-2) review
With W-2 and 1099 reporting season in full swing (along with our nation's love of year-end lists), Greatland Corporation has released its inaugural selection of some of the year's most news-making events as they pertain to 1099 and W-2 forms. Read More >>
New tax legislation creates, renews many breaks
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 is packed with new provisions. Following is a rundown of what can you expect from this legislation. Read More >>
Goldstein Schechter Koch announces merger with Jeffrey Kramer staff
Goldstein Schechter Koch, P.A., a South Florida-based full-service accounting, tax, audit, and consulting firm this week announced a merger with Jeffrey Kramer and his staff. Read More >>
Tattoos, body piercings, and accounting firms
What do tattoos, nose rings, and CPA firms have in common? Millennials are expected to make up more than one third of the country's workforce by 2014 and, of that segment, 12 percent have a tattoo and 25 percent have a body part pierced other than earlobes. Read More >>
Company announcements: Week of January 3
Following is the latest roundup of community news for the week of January 3, 2011. Read More >>
Quick reference guide: 2010 depreciation provisions
With the myriad of tax acts being implemented, I thought having a quick reference guide for 2010 depreciation provisions would be useful. Read More >>
IFRS in perspective: 2011
In 2011, the U.S. Securities and Exchange Commission will decide whether to require, allow, or continue to forbid the use of International Financial Reporting Standards by public U.S. companies in their SEC filings. Read More >>
New Year's resolutions and willpower – Why do they often fail us?
It is the holidays and everywhere I turn, I see (and smell) wonderful cookies, candy, and peanut brittle (a personal weakness). Read More >>
AccountingWEB's top blogs of 2010
Keeping our readers informed is what we're all about. Often this task is accomplished through news articles and editorial commentary. In addition, AccountingWEB is home to nearly 30 bloggers, experts in their fields, who share their insights with the AccountingWEB community. Read More >>
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