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Private sector employers added 176,000 jobs from July to August, with job gains once again broadly distributed across industries, according to payroll giant ADP.

As a business grows, tax issues become more complex and absolutely critical. Growing companies cannot get tied down and caught up by tax penalties that could have been avoided with simple due diligence.

Executives at online accounting product maker Xero acknowledged that they still have a lot of awareness work to do in the U.S. market and are hoping new and enhanced product offerings will help grow its partner base – who are primarily accounting firms -- as well as customers.

Philadelphia-based accounting, tax and business consulting firm Citrin Cooperman participated in The Hamels Foundation’s fourth annual Diamonds and Denim event Aug. 15 to help fund the nonprofit organization’s community-based education assistance.

The Internal Revenue Service has provided transitional relief from penalties for a Section 6050W filer who reports incorrect taxpayer identification number information on Form 1099-K information returns and payee statements filed under Section 6050W of the Tax Code.

Cloud accounting software provider AccountantsWorld has appointed the former head of CCH Small Firm Services, Jeff Gramlich, as president, effective August 26, 2013.

ERP and CRM product maker Open Systems Inc. has formed a new partnership with Argus Hosting, a provider of online hosting and cloud services for ERP users.

The Internal Revenue Service has issued final regulations restricting multinational corporations from bringing net built-in losses from abroad into the U.S.

With the comment deadline approaching for the latest draft of the lease accounting proposals from the Financial Accounting Standards Board and the International Accounting Standards Board, more groups are weighing in with criticism.

CCH has issued a new tax briefing to provide guidance and analysis of the Internal Revenue Service’s announcement that all same-sex marriages nationwide will be recognized for federal tax purposes.