The Latest

The talk in Washington is beginning to sound a little panicky when it comes to extending the Bush tax cuts.

Amazon is taking a page out of Apple’s book when it comes to recognizing revenue.

Senate Finance Committee Chairman Max Baucus, D-Mont., has unveiled some new changes to the Small Business Jobs Act, in an effort to win more support for the bill.

The American Institute of CPAs has written a letter to members of the House and Senate asking them to repeal the section of the new health care law that requires businesses to report to the Internal Revenue Service any purchase from a vendor of goods or services worth $600 or more during the calendar year.

Thirty-four percent of employed Americans plan to look for a new job when the economy gets better, according to a new survey by Deloitte.

One out of five Americans has experienced a decline of 25 percent or greater of their household income, according to a new study for the Rockefeller Foundation.

A new government report finds that the Internal Revenue Service is mostly ready to deal with a flu pandemic like the H1N1 virus, but not entirely.

XBRL U.S. has released a second version of its XBRL Consistency Suite with improved functionality and additional checks that now cover detailed footnote tagging, as well as a way to compare the 2009 Taxonomy Release to the 2011 pre-release of the U.S. GAAP Financial Reporting Taxonomy, recently published by the Financial Accounting Standards Board.

General Electric has agreed to pay $23.4 million to settle Securities and Exchange Commission charges that it violated the Foreign Corrupt Practices Act by participating in a $3.6 million kickback scheme with Iraqi government agencies to win contracts to supply medical equipment and water purification equipment.

Florida accounting firm Kaufman Rossin has reportedly agreed to pay $9.6 million to settle a lawsuit connected to its audits of two collapsed Palm Beach hedge funds that invested money with convicted fraudster Tom Petters.