The Latest

Cougar Mountain Software has released CMS Professional 2012, the latest version of the company’s accounting software.

By the end of the last day of the American Institute of CPAs’ first E.D.G.E Conference in New Orleans last week, participants were fulfilling the promise of the acronym—Evolve, Distinguish, Grow Emerge—in the most participatory sessions of the three-day event.

A California tax preparer could be sentenced to up to 143 years in prison after she was charged with preparing false tax returns, including one that claimed 19 dependents had been born to her on the same day.

CPA firm Porte Brown LLC said Tuesday that it has acquired two other tax and accounting firms in the past quarter in the Chicago area.

The Public Company Accounting Oversight Board voted Tuesday to issue a concept release that proposes requiring public companies to change their auditing firms after a certain number of years.

IMGCAP(1)]While I’m not in the business to take issue with great minds like Newton’s (or even my wife’s and kids’), since I don’t have a great mind to go to battle with, Newton’s third law of every action having an equal and opposite reaction probably does not cut it too well when referral opportunities are given out.

Mayor Michael Bloomberg told a New York City radio station that taxes should not be raised on just the upper class.

Mandy Szabo joins Houston firm from MaloneBailey

An attorney and CPA who operated his own law firm in Morristown, N.J., has been sentenced to 18 months in prison for filing a false income tax return.

Drake Software has acquired Copanion and its GruntWorx line of tax workflow software for an undisclosed sum.