The Latest

A group of CPAs headed to Capitol Hill yesterday in what has become an annual ritual as they pressed lawmakers to deal with the many issues that accountants and their clients are forced to wrestle with on a daily basis, including taxes and regulations.

Douglas Shulman, the former commissioner of the Internal Revenue Service, said he was “dismayed” and “saddened” to learn that IRS employees had singled out small-government groups for tougher scrutiny.

Serenic Corp. has released Serenic Navigator 2013, which applies recent updates from Microsoft Dynamics NAV 2013 technology and functionality.

Following the massive tornado in Oklahoma, the IRS has provided tax relief to individuals and businesses affected by this and other severe storms occurring in parts of that state.

The Illinois CPA Society will be hosting the Young Professionals Leadership Conference in Chicago May 31.

The Supreme Court, in a unanimous decision, has held that a one-time U.K. windfall tax paid by the subsidiary of a U.S. corporation is creditable against U.S. income tax.

Updated statistics from the IRS show continued growth in e-filing of returns.

Adaptive Planning has secured $45 million in venture capital funding with the goal of growing its direct and channel sales force in North America, expanding into international markets and enhancing its product offerings.

Highlights of our coverage of the American Institute of CPAs Spring Meeting of Governing Council in Washington, D.C., from May 19-21.

It looks like banking executives shift their focus toward regulation and placed mergers and acquisitions on the back burner, according to recent survey by KPMG LLP.