IRS Appoints AccountantsWorld President to Information Reporting Program Advisory Committee; Dr. Chandra Bhansali Named to IRS Committee Focused on Improving Efficiency and Fairness in Information Reporting

Business Wire, Jan 23, 2006

HAUPPAUGE, N.Y. -- AccountantsWorld, the community of over 95,000 independent accountants and developer of pioneering Accountant-Centric solutions, announced today that the IRS has named Dr. Chandra Bhansali, President and Co-Founder of AccountantsWorld to the IRS Information Reporting Program Advisory Committee (IRPAC).

IRPAC advises the IRS on information reporting issues of mutual concern to the private sector and federal government. It is composed of seventeen members who represent various segments of the Information Reporting industry as well as the taxpaying public, accounting and tax professionals and small and large businesses. IRPAC's advice is used to ensure fairness to all taxpayers.

"I'm honored to be appointed to a committee that serves as such an important forum for the accounting community - allowing the community to voice its opinion on important tax administration issues to IRS officials while providing the IRS a forum to receive feedback from a broad spectrum of tax and accounting professionals including, CPA's, accountants, tax professionals in public practice and Industry" said Dr. Bhansali. "The goals of IRPAC are right in line with AccountantsWorld's vision of open public discussion and improvement in accounting and tax policies and practices. I am confident that with its participation in IRPAC, AccountantsWorld will continue to serve the needs of the accounting community, taxpayers and the IRS"

Dr. Bhansali has been at the forefront of innovative accounting technology development. In 1999, with his wife Sharada, he co-founded AccountantsWorld, the community of 95,000 independent accountants and the most widely used accounting portal. AccountantsWorld is also the originator of the accounting profession's ground-breaking, Accountant-Centric solutions, which are designed to help accounting professionals collaborate with their clients and take control of their practices by using the power of the Internet. Dr. Bhansali has authored many articles for professional publications and is frequently featured in widely known accounting publications as an expert on the integration of leading-edge technology into accounting best practices. He has been named to the Accounting Today List of 100 Most Influential People in Accounting for many years.

About AccountantsWorld

AccountantsWorld is a continuously growing community of accountants, currently with over 95,000 members. The mission of AccountantsWorld is to form a mutually rewarding partnership with accounting professionals to help them take full control of their practices, strengthen the accountant-client relationship, and give accountants greater control over client engagements. In the true spirit of its commitment to the community of accounting professionals, AccountantsWorld does not sell any products or services directly to the accountant's clients.

AccountantsWorld develops groundbreaking Accountant-Centric solutions, including the Accountant's Office Online, Payroll Relief AC, and Accounting Relief AC flagships. Accountant's Office Online is a fully customizable accounting firm website and integrated suite of client service and practice management applications. Payroll Relief AC allows accountants to add highly profitable payroll services to their practices through web-based accountant-client collaboration and additional service options. Accounting Relief AC is a pioneering general ledger, trial balance and client write-up solution that accountants may customize for their small to mid-sized business clients. Together, Accountant-Centric solutions from AccountantsWorld allow accounting professionals and clients to benefit mutually from the accountant-client relationship.

AccountantsWorld is based in Long Island, New York's burgeoning high technology corridor. Visit www.AccountantsWorld.com and www.AccountantsOffice.com to learn more or call 888-999-1366.