The Latest

A bipartisan group of lawmakers are seeking to make sure an extension of the deduction for state and local sales tax payments is included in the tax extenders package that is expected to come before Congress early next year.

The Internal Revenue Service has provided information to clarify the tax responsibilities of U.S. citizens and dual citizens living abroad in response to concerns from Canadians and expatriates from other countries about penalties that might be levied on their unpaid taxes and undeclared bank accounts.

Payroll and benefits outsourcing provider Paychex has unveiled BuildMyBiz.com, a Web site providing tools and other resources to help start, manage and grow small and midsized businesses.

Cougar Mountain Software has released the latest updates to its Denali accounting software, which includes new features for Denali Business+Accounting and Denali Fund+Accounting.

CCH, a Wolters Kluwer business, has launched a new partner program for value-added resellers to offer CCH indirect tax software integrated with most mid-market ERP systems.

The IFRS Foundation has appointed Michel Prada, a former chairman of two key committees at the IOSCO, as the new chairman of its board of trustees.

MayerMeinberg LLP has expanded its Long Island-based firm by merging in Ackerman & Associates LLC in Rockville Centre, N.Y.

KPMG International said Monday that its member firms around the world achieved a total of $22.7 billion for the fiscal year ending Sept. 30, 2011.

Business assurance technology provider ACL Services Ltd. is expanding into the electronic work papers market with the acquisition of Workpapers.com.

McGladrey Technology Solutions, the technology services arm of the major CPA firm, has partnered with the American Institute of CPAs’ marketing arm, CPA2Biz, to identify and build integrated, add-on applications for CPA2Biz’s Web-based outsourced finance and accounting services technology.