The Latest

A few blocks away from the Accounting Today offices, the Occupy Wall Street movement is encamped at Zuccotti Park in New York.

The American Institute of CPAs has written to the leaders of Congress’s main tax-writing committee urging them to repeal a requirement that would soon force federal, state and local governments to withhold 3 percent on the payments they made to most government contractors, including certain other payments such as Medicare.

The Internal Revenue Service has expanded its compliance program for the Earned Income Tax Credit to cover a broader base of both new and experienced tax preparers in an effort to prevent errors and misrepresentations.

Internal Revenue Service employees with government-paid credit cards made more than 174,000 purchases totaling more than $80 million over a period of a year and a half.

The Public Company Accounting Oversight Board voted Tuesday to propose requiring PCAOB-registered accounting firms to disclose the name of the engagement partner in the audit report they file for a corporate client and on the PCAOB Annual Report form.

Philadelphia accounting firm Nihill & Riedley P.C. has been renamed as Smart Devine & Company LLC after it was acquired by Jim Smart and Rich Devine, formerly of Smart and Associates.

Intuit has released QuickBooks Enterprise Solutions Advanced Inventory version 12.0, an add-on feature to the financial software package offering enhanced user control over inventory tracking, among other features.

Sage ERP X3 business process management software for midsized distributors and manufacturers now integrates with Sage Exchange.

The Internal Revenue Service’s Taxpayer Advocate Service is temporarily changing the criteria it uses for accepting cases and said it would no longer deal with cases in which the problem involves an IRS delay in processing certain tax documents.

Deloitte Boosts Analytic & Forensic Tech Practice