The Latest

BookKeeping Express has launched a contest to award $25,000 in bookkeeping and accounting services to small businesses suffering from a “financial-recording disaster.”

A new study from the National Retail Federation predicts that the creation of a European-style Value Added Tax to reduce the federal budget deficit would result in the loss of 850,000 jobs in the first year.

The Internal Revenue Service is auctioning off a collection of rap singer Young Buck’s mementos, including gold and platinum records, a poster of the Al Pacino movie “Scarface,” and Royal Copenhagen white bear figurines.

The American Institute of CPAs has told the Securities and Exchange Commission that accountants need an adequate transition period if the SEC decides next year to incorporate International Financial Reporting Standards into the U.S. financial reporting system.

For the second year in a row, monthly Social Security and Supplemental Security Income benefits for more than 58 million Americans will not automatically increase in 2011, the Social Security Administration said Friday, but Congress will try to pass a law to provide seniors with the extra money anyway.

The Internal Revenue Service said it is delaying until further notice the renewal period for enrolled agents whose Social Security numbers or tax identification numbers end in 4, 5 or 6.

The Internal Revenue Service said that homeowners can deduct interest on up to $1.1 million in mortgage debt, $100,000 more than the previous limit of $1 million.

SmartExporter, a software product designed to simplify the extraction of SAP data for review and analysis, is now available from Audimation Services Inc., which provides data analysis expertise and technology to accountants, auditors and financial professionals.

The Global Reporting Initiative, which provides widely-used framework for sustainability reporting has opened a New York-based office in an effort to boost the number of U.S. companies reporting on sustainability and to improve the quality of those reports.

There may be some jobs tougher than beach master for the initial landing force at Omaha Beach during the Normandy invasion, or Commissioner of Internal Revenue, but off-hand I can’t think of any. Both positions are intense, all-consuming, and attract a great deal of incoming fire. And Mortimer Caplin has done both.