The Latest

Republican members of the Senate Finance Committee want the committee’s Democratic chairman to start working on a bill that would extend the 2001 and 2003 Bush tax cuts.

A federal district court has given actor Wesley Snipes the ability to file a motion for a new trial in his tax evasion case within 20 days.

Sixty percent of the private equity executives surveyed by accounting firm Eisner LLP have seen an increase in debt financing availability in the first and second quarters of this year, compared to a year ago.

PKF Pacific Hawaii LLP has acquired Grant Thornton LLP’s Honolulu office.

Sage North America is preparing to release Act! 2011, the latest version of its contact management software, with new features including live synchronization with handheld devices, synchronization with Outlook Contacts and Calendar, workflow capabilities, and a link to business information services such as Hoovers.

The Institute of Management Accountants has named accounting professor Sandra Richtermeyer as the chair of its board of directors for the 2010-2011 fiscal year.

The Senate has revised the Small Business Jobs Act tax relief and lending bill with amendments scaling back controversial new requirements for 1099 reporting of business transactions.

LarsonAllen is expanding its reach to the Pacific Northwest by merging with Spokane, Wash.-based LeMaster Daniels.

Cloud-based financial and enterprise resource planning software provider NetSuite posted total revenue of $47.1 million for the second quarter ending June 30, 2010, representing a 17 percent increase over the prior year.

The Financial Accounting Foundation, the organization that oversees both the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has joined Twitter to expand its communications outreach.