Accounting News Roundup: Employers Embracing Social Networks; The Amish and e-Filing; Tanning Tax Repeal Introduced | 06.27.11

Companies Are Erecting In-House Social Networks [NYT]
As social networks increasingly dominate communications in private lives, businesses of all sizes — from tiny start-ups to midsize companies like Nikon to behemoths like Dell — are adopting them for the workplace. Although it is difficult to quantify how many companies use internal social networks, a number of corporate software companies have sensed the opportunity and offer various systems, some free to existing customers, others that charge a fee per user.

Pelosi Says U.S. Debt-Ceiling Deal Must Reduce Tax Subsidies for Companies [Bloomberg]
Democratic President Barack Obama and Republican House Speaker John Boehner will need the support of Democrats to get an agreement through the House, Pelosi said yesterday in an interview on CNN’s “State of the Union.” Such an agreement would have to include both spending cuts and an end to tax breaks for some industries such as oil, she said. “You can’t cut your way out of the deficit,” California Democrat Pelosi said. “You have to have revenue on the table.”

What the CFOs Want [WSJ]
CFOs at big companies are no longer content to manage just finances or operations. They want, and say they need, a prime seat at the table when setting strategy. So said the roughly 60 big-company finance chiefs at The Wall Street Journal’s inaugural CFO Network annual meeting last week. Many of these CFOs already count strategic planning among their responsibilities, a shift from the past, and one that primes them to possibly take the chief executive spot some day.

Chipotle Will Raise its Prices Regionally [WSJ]
We need a Poncho No. 8 over here.

Did Green Mountain Coffee Roasters Violate Its Code of Ethics, too? [White Collar Fraud]
This is starting to get awkward.

Must the Amish e-File? [TaxProf]
The horror!

Senate’s Snowe offers bill to repeal tanning tax [The Hill]
A bill, sponsored by Sen. Olympia Snowe (R-Maine) and co-sponsored by Sens. John Barrasso (R-Wyo.), Roy Blunt (R-Mo.), John Boozman (R-Ark.), John Cornyn (R-Texas) and Pat Roberts (R-Kansas) was introduced on Thursday in the Senate, mirroring an effort in the House to eliminate the 10 percent tax on certain tanning services. Support for the House measure has grown since June 2 when Rep. Michael Grimm (N.Y.) introduced the bill. His legislation now has 29 Republican co-sponsors backing the effort.

Tax activists want U2’s Bono to ‘pay up’ [DMWT]
Reports of actual mud-slinging have not been confirmed.

‘Angry Birds’ Staying Power Tested With CEO Hatching Movie [Bloomberg]
And now, some important news.

Companies Are Erecting In-House Social Networks [NYT]
As social networks increasingly dominate communications in private lives, businesses of all sizes — from tiny start-ups to midsize companies like Nikon to behemoths like Dell — are adopting them for the workplace. Although it is difficult to quantify how many companies use internal social networks, a number of corporate software companies have sensed the opportunity and offer various systems, some free to existing customers, others that charge a fee per user.

Pelosi Says U.S. Debt-Ceiling Deal Must Reduce Tax Subsidies for Companies [Bloomberg]
Democratic President Barack Obama and Republican House Speaker John Boehner will need the support of Democrats to get an agreement through the House, Pelosi said yesterday in an interview on CNN’s “State of the Union.” Such an agreement would have to include both spending cuts and an end to tax breaks for some industries such as oil, she said. “You can’t cut your way out of the deficit,” California Democrat Pelosi said. “You have to have revenue on the table.”

What the CFOs Want [WSJ]
CFOs at big companies are no longer content to manage just finances or operations. They want, and say they need, a prime seat at the table when setting strategy. So said the roughly 60 big-company finance chiefs at The Wall Street Journal’s inaugural CFO Network annual meeting last week. Many of these CFOs already count strategic planning among their responsibilities, a shift from the past, and one that primes them to possibly take the chief executive spot some day.

Chipotle Will Raise its Prices Regionally [WSJ]
We need a Poncho No. 8 over here.

Did Green Mountain Coffee Roasters Violate Its Code of Ethics, too? [White Collar Fraud]
This is starting to get awkward.

Must the Amish e-File? [TaxProf]
The horror!

Senate’s Snowe offers bill to repeal tanning tax [The Hill]
A bill, sponsored by Sen. Olympia Snowe (R-Maine) and co-sponsored by Sens. John Barrasso (R-Wyo.), Roy Blunt (R-Mo.), John Boozman (R-Ark.), John Cornyn (R-Texas) and Pat Roberts (R-Kansas) was introduced on Thursday in the Senate, mirroring an effort in the House to eliminate the 10 percent tax on certain tanning services. Support for the House measure has grown since June 2 when Rep. Michael Grimm (N.Y.) introduced the bill. His legislation now has 29 Republican co-sponsors backing the effort.

Tax activists want U2’s Bono to ‘pay up’ [DMWT]
Reports of actual mud-slinging have not been confirmed.

‘Angry Birds’ Staying Power Tested With CEO Hatching Movie [Bloomberg]
And now, some important news.

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