The Latest

Swiss bank UBS may have managed to extricate itself from its troubles with the IRS by sharing the identities behind 4,000 or so of its client accounts with the authorities and paying a $780 million settlement to the Justice Department, but now it’s worried that some of its employees may have garlic breath and be showing a little too much of their hairy calves when they cross their legs.

The Public Company Accounting Oversight Board has established a new Office of Outreach and Small Business Liaison.

The Small Business Administration has launched two new initiatives designed to increase lending to underserved communities and make the process go faster.

The American Institute of CPAs has launched a new public service tax website to help taxpayers better understand how the federal tax system works and connect with a CPA for tax help.

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders.

Microsoft and the Small Business Administration have introduced a free technology guide to help small businesses grow and create jobs.

Senate Finance Committee Chairman Max Baucus, D-Mont., urged the Senate on Wednesday to pass legislation to eliminate the expanded 1099 reporting requirements for businesses in the health care reform bill.

The Senate has passed a package extending the Bush-era tax rates for two years along with a 13-month unemployment extension.

Intuit has released ProLine Practice Management, a Web-based application that tracks and manages customer engagements and information.

Jefferson Wells, a global provider of risk advisory and accounting-related services, has launched its Technical Accounting and Financial Reporting Center of Expertise, a unit that will provide guidance in technical and compliance issues related to the financial reporting landscape.