The Latest

The Tax & Accounting business of Thomson Reuters is launching its first-ever series of federal tax eBooks, the first of which will be released on Friday.

Accounting firms are embracing social media not only to communicate with clients, but to build business as well, according to a new study conducted by the Association for Accounting Marketing.

The deal President Obama has struck for extending the Bush tax cuts may be provoking controversy, but it also has some attractive components for both individuals and businesses.

The trustee who has been charged with recovering funds and distributing them to the victims of imprisoned Ponzi schemer Bernard Madoff has recovered $550 million in a settlement with some of Madoff’s feeder funds and early investors.

The 2010 Small Business Jobs Act, enacted on Sept. 27, 2010, provides a new opportunity for Roth 401(k) plan participants to convert their existing 401(k) plan balances into Roth 401(k)s.

President Obama held a news conference in which he sought to quell criticism from lawmakers from his own party of the deal he had struck with Republicans to preserve the Bush tax cuts even for upper-income earners for two more years.

The Internal Revenue Service has released proposed regulations that would reduce the application and renewal fees for enrolled agents and enrolled retirement plan agents from $125 to $30.

Lange & Associates, P.C., a Fort Worth public accounting and consulting firm, has acquired the practice of M. Dan King, CPA, also of Fort Worth, in a transaction effective November 1.

Cloud-based accounting software provider FinancialForce.com has agreed to acquire the PS Enterprise online professional services automation software owned by Appirio Inc., along with a small team behind it, and market the software to its customers.

Terrance “T.J.” Turner, director of income tax research at corporate income tax software developer Vertex, has been appointed to the IRS Electronic Tax Administration Advisory Committee.