The Latest

The Governmental Accounting Standards Board has approved a new standard intended to improve accounting and financial reporting for state and local governments’ combinations and disposals of government operations.

Electronic filing and payroll and employee form provider Aatrix Software Inc. has formed a strategic partnership with BGTax Forms to provide W-2/1099 eFiling services via the Aatrix Payroll eFile Center to their customers.

Last month’s fiscal cliff negotiations seem to have taken a toll on the confidence of small business owners, with the National Federation of Independent Business’s Small Business Optimism Index edging up only slightly in December.

White Nelson Diehl Evans LLP promoted Sean Thorstenson, Steven Combs and David Forman to partner.

Some of the largest corporations are relying on like-kind-exchanges to lower their tax bills, in some cases pushing the boundaries of what the Internal Revenue Service will allow under the law.

The U.S. Small Business Administration highlighted some of the main tax incentives for small businesses that were extended as part of last week’s fiscal cliff legislation.

Every investor is familiar with the legal caveat, “past performance is not a guarantee of future results,” but the warning is apt for business owners and credit officers evaluating their potential trade partners’ creditworthiness too.

Family businesses in the U.S. are more confident about their growth prospects than their global peers—93 percent versus 81 percent—and are poised to capitalize on new opportunities, according to a new survey by PricewaterhouseCoopers.

The Financial Accounting Standards Board has issued a proposed clarification to a fair value disclosure exemption affecting private companies and nonpublic not-for-profit organizations.

T100 Firm ParenteBeard LLC recently added the health care management consulting firm Presscott Associates Ltd. to its practice.