The Latest

A trio of senators is urging the Internal Revenue Service to share information with the Bureau of Prisons to prevent more prisoners from committing tax fraud from within their jail cells.

BNA Software has updated its fixed assets software with the latest tax law and form changes from the recent tax cut extension.

Nearly half of accounting and finance workers are likely to make a job transition in the next 12 months, according to a new survey.

Mid-market accounting software developer Open Systems Inc. has released the latest version of its Open Systems Accounting Software, OSAS 7.6, which boasts over 130 enhancements, including improvements to e-mail delivery, user interface, return merchandise authorizations, purchase order deposits and its database.

The Financial Accounting Foundation has released the 2011 U.S. GAAP Financial Reporting Taxonomy, pending final acceptance by the Securities and Exchange Commission.

Robert M. Burak, CPA, has joined Bober Markey Fedorovich as a partner to lead the firm's Tax Services Group.

The PhD Project, a program created to foster diversity in corporate America, announced 19 organizations will renew their funding this year.

Just as soon to be chief executive of Sage North America Pascal Houillon enters his new role as head of Sage Business Solutions, the company confirmed it will be losing yet another top executive as Sage veteran Doug Meyer plans to depart on February 1.

President Obama has issued an executive order directing federal agencies to consider the costs and benefits of regulations both new and old.

An eye-opening report from the Government Accountability Office shed new light Tuesday on how the Internal Revenue Service dealt with the 2010 tax-filing season.