The Latest

The National Society of Accountants has elected a slate of new officers, district governors, and State Directors at its 68th Annual Meeting in Indianapolis.

Between October 2011 and September 2012, the Internal Revenue Service investigated 13 complaints of IRS personnel who directly contacted taxpayers instead of going through their designated representatives, but IRS managers disciplined or counseled only two of the employees because of their actions.

The Financial Accounting Standards Board voted Wednesday to issue an exposure draft with proposals to improve financial reporting about public and private development-stage entities., easing the requirements for revenue recognition and measurement and other areas

The Connecticut Society of CPAs announced the 2013 “New and Young Professionals to Watch,” three emerging leaders age 35 or younger who have differentiated themselves in the accounting profession.

Top 100 Firm BKD LLP has acquired the Erie, Pa.-based accounting firm Malin Bergquist & Co. LLP. Malin Bergquist will officially join BKD on Oct. 1, 2013.

Computer system developer System76 Inc. has launched BeansBooks, a new cloud accounting platform designed for small businesses which focuses on clean interfaces, practical processes and concise reports.

Top Sage North America partner Net@Work has expanded its nonprofit accounting software business through the purchase of Blytheco’s Abila practice.

The Congressional Budget Office is seeing a $400 billion reduction in the federal government’s budget deficit for the current fiscal year, thanks to increased tax revenues due largely to the expiration of the payroll tax cut.

Forty percent of Americans are spending more money on health care compared to a year ago, according to a new report by Bankrate.com, which found that only 8 percent are spending less.

ADP has added new features to its ADP Workforce New software to help midsize employers comply with the requirements of the Affordable Care Act.