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Edgar Online has released a report illus-trating how accountants, institutional investors and attorneys are using data tagged in Extensible Business Reporting Language format to analyze companies' financials.

How many of your clients hire controllers when they really need a CFO? While it may be less expensive, the pitfalls are plentiful: increased risk, inadequate financial reporting, and most likely, greater burden on your staff. It’s no different than hiring a telemarketer when you really need a sales professional.

IMGCAP(1)]Privately held businesses are aggregately performing better now than at any point since the recession.

President Barack Obama and congressional leaders said Sunday night that they have agreed on the framework of a budget deal that both Democratic and Republican leaders plan to present to their caucuses on Monday.

The Internal Revenue Service has reportedly filed a tax lien against singer R. Kelly for $837,442.59.

Senate Majority Leader Harry Reid, D-Nev., saw his plan to raise the debt ceiling turned back Sunday afternoon by a vote of 50-49.

A group of Democratic lawmakers has introduced a bill in Congress aimed at leveling the playing field for sales tax charges between online retailers and brick-and-mortar stores.

Microsoft revealed in its 10-K annual report that its use of low-tax countries to shift some of its foreign income has subjected it to an IRS review that could have a significant impact on its financial statements.

A group of accountants has decided to celebrate the third anniversary of an SEC Advisory Committee Report on Improvements to Financial Reporting, chaired by Robert Pozen, with a light-hearted tune called, “Hey There, Bob Pozen,” which they filmed in a cute video for YouTube.

A group of Democratic senators urged airlines to reduce their airfares and pass the savings from the temporary expiration of airline ticket taxes on to their passengers.