The Latest

House and Senate negotiators have released a conference committee report spelling out several of the provisions of the payroll tax cut extension legislation, which also extends unemployment benefits and the “doc fix” for Medicare reimbursements for physicians.

A new academic study finds that when public companies give their shareholders a vote on the selection of an external auditing firm, they are less likely to make financial restatements than those that don’t.

Florida CPA and consulting firm Markham Norton Mosteller Wright & Company recently donated all of the proceeds from an educational series it hosted to the Greater Fort Myers Chamber of Commerce Women in Business.

The Internal Revenue Service released its annual list Thursday of the “Dirty Dozen” tax scams that taxpayers should be aware of this year, particularly during tax season.

Open-source accounting and enterprise resource planning software developer Open Systems Inc. has acquired its longtime reseller InterMicro, effectively retaining all of its staff and two offices in Greenville, S.C., and Edmond, Okla.

IRS Commissioner Doug Shulman warned tax executives that they face substantial tax risks from uncertain tax positions, international enforcement efforts, and impermanent tax credits that expire every year or two.

Presidential candidate Rick Santorum released four years’ worth of his joint income tax returns with his wife Karen, showing the former senator had adjusted gross income of nearly $1 million in 2010.

Cloud-based document storage and sharing service provider SmartVault has released the SmartVault Plug-in for Microsoft Outlook, allowing business users and accounting professionals the ability to send, receive and manage documents securely inside of Outlook.

Technology and practice management consultancy Boomer Technology Circles based here, has added five more firms to its roster for 2012.

Lawmakers negotiating over the payroll tax cut extension said they have agreed on a deal to extend the 2 percentage point cut in Social Security and Medicare withholding taxes through the rest of the year, along with unemployment benefits and the “doc fix” to prevent Medicare reimbursements to physicians from being cut.