The Latest

A bipartisan bill has been introduced in the Senate with the goal of simplifying income tax collections for taxpayers who work in multiple states.

A pair of senators have introduced bipartisan legislation that would rescind tax write-offs for illegal corporate behavior in an effort to hold corporate wrongdoers accountable.

Net@Work has hired former RKL eSolutions vice president of business development Anne Brennan as its new director of sales for business applications.

Employees of Washington CPA and consulting firm Clark Nuber recently volunteered for a Day of Caring at nonprofit Jubilee Reach’s center in South Bellevue as part of the firm’s annual Caring, Serving, Giving program.

Rep. Dave Camp, R-Mich., chairman of the tax-writing House Ways and Means Committee, has written a letter to Internal Revenue Service acting commissioner Danny Werfel urging the IRS to disclose all the information it has available to date on the eligibility determinations it has made for individuals who have applied for premium tax credits in the health insurance exchanges that went online last month under the Affordable Care Act.

The Public Company Accounting Oversight Board has established a Center for Economic Analysis to study the role and relevance of the audit in capital formation and investor protection.

The Financial Accounting Standards Board voted Wednesday to move forward with preparing a final standard on revenue recognition that is expected to be issued during the first quarter of 2014.

The Internal Revenue Service does not always identify potentially mistaken claims for General Business Credits when processing tax returns, according to a new government report that found unsupported claims for the credits totaling $1.3 billion for 2011.

Xero has formed a partnership with Entryless, a new company focused on automatically generating digital general ledger records from bills in any format, physical or electronic, and syncs them into cloud accounting systems.

McGladrey LLP has signed a definitive agreement to acquire substantially all the assets of Houston-based Margolis, Phipps & Wright PC.