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It’s time to go above and beyond your cool ideas that have carried you this far. But how exactly do you go about getting these initial beta users?

The New York State Society of CPAs said the Internal Revenue Service should provide safe harbor guidelines for transferring property from one irrevocable trust to another, a process known as a trust decanting.

Cloud accounting service Xero has purchased practice management suite provider WorkFlowMax, effectively adding tools for accountants to track leads, jobs, invoices and time.

The Pan African Federation of Accountants has approved a resolution to adopt international accounting and auditing standards.

The Congressional Budget Office has issued a report warning that the economy could slip into a recession unless policymakers decide what to do about the steep tax increases and spending cuts that are scheduled to take effect next year.

Financial advisors believe traditional diversification and portfolio construction techniques need replacement, and are questioning the relevance of time-honored asset allocation strategies that rely on a 60/40 mix of stocks and bonds and long-term, buy-and-hold approaches, according to a new study.

Private equity firms are helping with employment growth, according to a new survey by accounting firm McGladrey LLP.

The Tax & Accounting business of Thomson Reuters has released Workpapers CS workflow software for managing workpapers and source documents.

John Johnson will join the National Association of State Boards of Accountancy as director of legislative affairs, effective June 1. He will be working to create a national legislative program to assist NASBA's 55 member boards.

A group of 60 members of Congress, led by two CPAs turned lawmakers, have written a letter to the Financial Accounting Standards Board warning of “disastrous consequences” for American businesses and the real estate industry if FASB’s proposed changes in lease accounting standards are approved.