The Latest

President Barack Obama lowered his tax revenue demand by $200 billion and offered to start tax rate increases at $400,000 in income instead of $250,000, moving closer to a budget deal with House Speaker John Boehner.

The Patriotic Millionaires, an advocacy group of well-heeled taxpayers who say they want to pay more in taxes, is suddenly taken with Speaker of the House John Boehner, R-Ohio.

Accounting practice consulting service and software provider Commercial Logic Inc. now has a hosted offering for its PowerPM practice management software, with the goal of giving firms access to the database from any Internet connection.

The Internal Revenue Service has published amended temporary Repair vs. Capitalization regulations to incorporate the changes announced in the recent Notice 2012-73.

New York State Society of CPA members are providing pro bono services to small business owners affected by Superstorm Sandy over the next three months.

Rap singer Lil Wayne has reportedly paid $7.72 million to settle his outstanding tax liens with the Internal Revenue Service.

Sage North America has released Sage 100 ERP 2013 and included new cloud services and usability features for its user base of small to midsized distributors and manufacturers.

French actor Gerard Depardieu has said he is surrendering his passport and moving to Belgium after the French government raised taxes.

Wave Accounting has adjusted its name and website in an attempt to convey it is more than just a free, cloud-based accounting product maker and to showcase the full suite of its back-office tools.

The U.S. Small Business Administration has launched an online tool to help small businesses create business plans.