The Latest

The so-called fiscal cliff has politicians in Washington performing the political equivalent of a soap opera as they leave the country in suspense about whether they will manage to resolve a self-inflicted crisis in time to avoid a recession next year.

The Internal Revenue Service has issued proposed regulations on the 0.9 percent Additional Medicare Tax for upper-income taxpayers scheduled to take effect next year as a result of the Affordable Care Act.

The International Valuation Standards Council has released a discussion paper seeking views on the need for improved standards for valuation of investment property.

Check out the digital edition of the December 2012 issue of Accounting Today.

The Public Company Accounting Oversight Board has issued a staff audit practice alert to remind auditors of their requirement to exercise professional skepticism throughout their audits.

Small businesses need to deal with several changes in W-2 and 1099 forms and reporting requirements this year as the IRS looks to close the tax gap.

The Los Angeles office of PKF California and the Glendale office of Hutchinson and Bloodgood LLP, have agreed to merge.

Financial Accounting Standards Board chairman Leslie Seidman and International Accounting Standards Board chairman Hans Hoogervorst appeared side by side at an AICPA conference Tuesday in a joint appearance to discuss what went awry in U.S. support for International Financial Reporting Standards.

Charles “Sandy” Kennedy Jr. joins G.T. Reilly & Co. as vice president and director of tax services.

Microsoft Dynamics and Intacct partner Massey Consulting will be launching an educational webcast series aimed at helping CPAs to better utilize social media.