The Latest

CCH president Mike Sabbatis expects the next version of the company's online tax and accounting research service, IntelliConnect 3.0, to launch in December.

Barney Frank once urged Financial Accounting Standards Board Chairman Bob Herz not to let the FASB become the “Slows-B” when it came to revamping accounting standards in the midst of the financial crisis, and Herz certainly isn’t being slow when it comes to his just-announced retirement.

The Seneca Nation of Indians is none too happy with a plan by New York State to start taxing cigarettes sold by the tribe, and a recent remark by New York City Mayor Michael Bloomberg did not help matters.

The Certified Financial Planner Board of Standards has recommended enhancements to the Securities and Exchange Commission’s proposed rules in target date funds, including better disclosure in the funds’ advertising and marketing materials.

Experiencing a critical illness, such as cancer, a heart attack, or stroke, can reduce a family’s income by more than $12,000 in the first year alone — even with medical coverage in place — primarily due to the inability to work, according to newly released studies.

Intuit is looking to take scan-and-populate technology to the next level with the release of ProLine Tax Import, designed to allow tax professionals to import tax data from scanned source documents and digitally download data from financial institutions directly into Intuit Lacerte and Intuit ProSeries.

PricewaterhouseCoopers plans to acquire Diamond Management & Technology Consultants for $378 million.

CCH Small Firm Services has introduced a service that can help CPAs and other accounting professionals save their business clients up to 30 percent on credit card processing costs.

Kentucky-based accounting firm Mountjoy Chilton Medley has merged in Hawkins Company CPAs, a Louisville firm that specializes in providing assurance, tax, internal audit, information systems, compliance and regulatory-related consulting services to regional financial institutions.

Financial Accounting Standards Board Chairman Robert Herz plans to retire after more than eight years of leading the board, which will now increase in size to seven members.