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Senate Democrats failed to muster enough votes to advance a bill that would have eliminated tax credits for the five largest oil and gas companies.

Earlier this month, Accounting Today posted an article on building a new brand. In the article, it spoke specifically about the value of doing your due diligence before actually going through the branding process. Unfortunately, research like this can come with a hefty price tag.

The Internal Revenue Service has begun sending letters to political donors asking why they didn’t report their 2008 donations on their gift tax forms.

Sage North America said Wednesday it has made several key enhancements to the Sage Peachtree 2012 product line, including built-in business intelligence, an expanded payroll field, and an “advisor” function designed to guide users through any issues they encounter in the product.

The Virginia Society of CPAs recently received recognition for its “I Am the VSCPA” marketing campaign.

Not all of the state legislation drawing attention from accountants this year involves taxes (see States Enact Flurry of Tax Changes). Indeed, some of the most closely watched bills hit even closer to home for the profession.

Accountants across the nation barely had time to recover from the 2011 tax season before being buried under a blizzard of new tax law changes approved by dozens of state legislatures from Harrisburg to Honolulu.

The Association of Chartered Certified Accountants is firing back as government regulators worldwide are proposing changes in the way the audit profession works.

Ez-XBRL Solutions, a global provider of XBRL data conversion services and analytics platforms, released on Tuesday an enhanced version of its Ez-XBRL Validator product, which provides a range of validations for U.S. Securities and Exchange Commission filers.

Enterprise resource planning software developer Deltek Inc. has released Deltek First, a Software as a Service offering aimed at managing the business lifecycle of government contractors.