The Latest

For those who had hoped that the Joint Select Committee on Deficit Reduction, aka the Supercommittee, would find a way to reduce the deficit, the announcement that they had failed to reach an agreement came as a disappointment.

A draft law that would force vast changes in the auditing profession in Europe is likely to have ripple effects in the U.S.

Firm News -- Dec. 2

People News -- December 2

Microsoft Dynamics Master VAR Tribridge has completed the purchase of the U.S.-based Dynamics enterprise resource planning and customer relationship management software business of ePartners, creating one of the largest Dynamics value-added resellers and business consultancies in the U.S.

The National Society of Accountants has found that the cost of preparing an itemized tax return averaged $233 across the country, but there was still variation in different parts of the country.

SaaS-based sales tax automation service provider Avalara has released the latest version of its AvaTax service, which includes features for calculating, collecting, reporting and remitting sales taxes in multiple jurisdictions.

The National Society of Accountants is recommending that tax preparers not rush to sign up for the Internal Revenue Service’s upcoming tax preparation compliance exams.

The Internal Revenue Service plans to host the first of a series of public meetings next Thursday on its plans to create a “real-time tax system” that would provide immediate feedback on whether the information in a tax return matched the IRS’s records.

CPA and business advisory firm Abrams Little-Gill Loberfeld revealed that it has merged with Framingham, Mass-based Langbort & Buettner, effective December 1.