RSM McGladrey has signed on with NetSuite to sell that company's web-based financial software. The announcement was made at NetSuite's Suiteworld, a combined user and channel conference now underway in San Francisco. McGladrey's move was merely the latest example of CPA firms re-entering the market to resell financial applications and is much larger than the typical NetSuite reseller.

Small businesses should be able to efile the form required for electing S corporation status, according to the American Institute of CPAs. The AICPA issued a comment letter to the Internal Revenue Service that said efiling Form 2553 would provide immediate, verifiable assurance of S election status and that currently the IRS's inability to verify that tne form has been filed results in delayed processing of S corp tax returns.