The Latest

Those of us who already miss Jay Leno’s old “Jaywalking” segments on the Tonight Show shouldn’t be surprised that a lot of people just aren’t aware of what most of us would consider “common knowledge,” but a new survey demonstrates once again that you can never be too sure about your assumptions.

Senate Republicans blocked a package of more than $80 billion in tax cuts, killing for now a measure that would provide incentives for corporate research and wind energy.

Highlights of some of our favorite tax-related blogs from the past week.

CPA2Biz president and CEO Erik Asgeirsson talks about how accounting firms are adapting to revolutionary changes in digital technology, collaborating, and providing specialized services to clients, in an interview with Accounting Today editor-in-chief Dan Hood.

The summer months are typically the time that CPAs fall out of touch with their clients. Some may send out or email one or two newsletters, but most taxpayers and preparers have thoughts that are far from next year’s taxes.

The Governmental Accounting Standards Board has issued a proposed standard to address the accounting and financial reporting issues related to fair value measurements for state and local governments.

The Internal Revenue Service has begun accepting applications once again for its Low Income Taxpayer Clinic grants.

The Public Company Accounting Oversight Board has released staff guidance on how the PCAOB should perform an economic analysis as part of its standard-setting process.

Sage North America announced the new Sage ERP X3 version 7 of the global business management solution for midsized companies.

Nearly half the tax returns on which individuals claimed tax deductions for alimony payments did not match up with their former spouse’s tax returns, showing a total “alimony gap” of over $2.3 billion in 2010, according to a new government report.