The Latest

The Internal Revenue Service needs to do a better job of managing the credit cards used by employees in the IRS’s Small Business/Self-Employed Division when they are visiting gas stations to enforce fuel excise tax laws.

SurePayroll found that optimism among small business owners jumped 20 percentage points to 53 percent in October from 33 percent in September, according to the payroll service provider’s latest monthly report.

Washington D.C.-area CPA and advisory firm Bond Beebe raised more than $2,700 in its second year of participation with the Leukemia & Lymphoma Society’s Light the Night Walk in Rockville, Md., Oct. 22.

CPA and business advisory firm Henry & Horne has acquired the Phoenix-based practice of Mazza, Spero, Hougham & Schultz, effective November 1.

Private sector employers added 110,000 new jobs to their payrolls in October, mainly in the service sector, according to the monthly employment report from payroll giant ADP.

Shadow Financial Systems has added new cost-basis accounting features to its ShadowSuite securities-clearing software to address recent tax-reporting requirements.

The spectacular bankruptcy of MF Global this week has led to speculation about what led to the brokerage firm’s downfall.

Emerging Information Systems Inc. has introduced a new version of its NaviPlan Select financial planning software with improved estate planning features, a redesigned presentation module, and support for real estate investment trusts.

CPA wealth management firm Glass Jacobson merged in OneSource Financial Services of Montgomery Village, Md., on Tuesday.

The Internal Revenue Service has provided special transitional relief to banks and other payment settlement entities required under a 2008 law to begin withholding 28 percent of payments if they are unable to verify a taxpayer identification number for a retailer.