The Latest

Employment in the private sector rose by 93,000 from October to November on a seasonally adjusted basis, according to ADP’s National Employment Report, released Wednesday.

Internal Revenue Service Commissioner Douglas Shulman has written to congressional leaders informing them that he has directed the IRS’s technology team to reprogram its computers with the assumption that the Alternative Minimum Tax will be patched by the end of the year.

Cloud-based accounting technology provider FinancialForce.com has released the fifth-generation Winter ’11 version of FinancialForce Accounting, featuring the ability to move between the general ledger function and Salesforce.com’s online customer relationship management software.

CPA and business advisory firm WithumSmith+Brown has merged in Paramus-based forensic accounting firm Morrison & Co., effective December 1. Terms were not disclosed.

Here’s a message from the Texas Society of CPAs – the holiday season is the perfect time to school children in learning the importance of money consciousness, through gifts of affordable toys and board games that won’t break the bank.

The long-overdue $3.4 billion settlement of the federal government’s mismanagement of the accounting for royalties for the use of Native American lands was finally approved Tuesday in the House, along with a settlement of a related case involving black farmers who had sued the Department of Agriculture for discriminatory treatment.

One promising sign of President Obama’s meeting with congressional leaders Tuesday was that he didn’t emerge with his lip bleeding from a fresh elbow jab in the face.

The Senate failed Tuesday to pass legislation to continue eligibility for federal unemployment benefits for one year.

Emerging Information Systems Inc. has introduced new versions of its NaviPlan Select, Profiles Professional and Profiles Forecaster financial planning software.

The Internal Revenue Service has published guidance relating to rollovers from 401(k) plans to designated Roth accounts in the same plan.