The Latest

Thomson Reuters has received a U.S. patent for its Universal Tax Determination Engine, which provides centralized control of tax policy and data-driven tax determinations for sales, use and value-added taxes.

The Senate voted Thursday to approve an amendment to repeal a tax credit for ethanol blenders.

CPA-focused liability insurance company Camico has launched a special interactive "microsite" to mark the company’s 25th anniversary.

Michael D. McCraw, CPA, has joined Alabama firm Warren, Averett, Kimbrough & Marino LLC as a member and director.

Total goodwill impairment charges continued to fall sharply across a number of industries nationwide throughout 2010, and the number of companies recording goodwill impairment charges dropped by 41 percent, according to a new study by KPMG.

CCH has expanded its Tax Prep Partner Series of online tax research products with a new Information Returns title.

The Internal Revenue provided an additional extension Thursday on the requirements for filing a form disclosing a foreign bank account until Nov. 1, 2011, for those who had signature authority over, but no financial interest in, the account in 2009 or earlier calendar years.

The Financial Accounting Standards Board and the International Accounting Standards Board issued amendments Thursday to improve and align the presentation of items of other comprehensive income in financial statements prepared in accordance with International Financial Reporting Standards and U.S. GAAP.

David Crisp, manager at Maryland accounting firm Weyrich, Cronin & Sorra Chartered, has parlayed his money knowledge into a volunteering job with the Baltimore CASH Campaign, which seeks coaches for working families.

IMGCAP(1)]Once upon a time, in two local firms located fairly close to each other in the same city, were two CPAs named John and Wendy.