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Companies that sell through several channels (i.e. physical stores, web stores, online marketplaces, etc.) are finding it more and more difficult to handle the “transaction shuffle.”

The Internal Revenue Service today reminded professional tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) if they plan to prepare returns in 2014. Current PTINs expire Dec. 31, 2013.

Big Four accountancy and consulting firm Ernst & Young LLP has acquired the Tax Preparation and Court Accounting Outsourcing businesses of Thomson Reuters in the US, the two companies have announced. Approximately 175 Thomson Reuters employees will join EY as a part of the deal.

Closing the financial books for an organization requires accuracy, attention to detail, and a knowledge of some advanced accounting principals. For many nonprofit organizations, especially smaller ones operating on a shoe string budget, hiring a full-time accountant may be out of their reach.

Taxpayers looking to hire a professional to complete their 2013 tax return can expect to pay an average of $261 for an itemized Form 1040 with Schedule A and a state tax return, according to the National Society of Accountants (NSA).

Sage North America announced the launch of a special version of its global Sage One small business solution which is designed for accountants with multiple clients.

With cloud services, it is easier than ever to meet client demands and to set yourself apart from competing firms. While many firms are understandably resistant to change, the cloud’s benefits far outweigh the risks.