The Latest

IMGCAP(1)] The American Institute of CPAs established a new scholarship honoring the veteran chair of the Institute’s Advanced Estate Planning Conference. The scholarship will pay for one young CPA to attend the conference each year starting in 2011.

It has been more than five years since the American Institute of CPAs and the National Association of State Boards of Accountancy implemented the Revised Uniform CPA Exam in April 2004.

I’m willing to give Sen. John Kerry, D-Mass., the benefit of the doubt that he didn’t choose to berth his new yacht in Rhode Island just to avoid Massachusetts taxes.

House Ways and Means Committee Chairman Sander Levin, D-Michh., has released a draft bill that would provide tax credits for manufacturers of renewable energy equipment and funding for other sources of clean energy.

Cherry Bekaert & Holland is acquiring Braver Schimler Pierce Jenkins, expanding the firm’s footprint in Atlanta.

Shareholder votes on executive compensation at U.S. firms have resulted in an average single-year pay drop for CEOs of about $7.3 million or about 38 percent in companies where pay was excessive, according to a new study to be presented by the American Accounting Association.

The District of Columbia plans to launch a tax amnesty program on Thursday in an effort to collect $170 million in known receivables owed by more than 42,000 individuals and businesses.

Senate Finance Committee ranking member Charles Grassley, R-Iowa, and Sen. Charles Schumer, D-N.Y., have teamed up to sponsor legislation that would provide tax credits for the use of hydrogen fuel cells in forklift trucks and other industrial vehicles.

Sage North America is offering Sage Peachtree Pro Accounting 2011 free of charge to businesses still using the discontinued Microsoft Office Accounting product.

Small nonprofit organizations that are at risk of losing their tax-exempt status because they failed to file the required returns for 2007, 2008 and 2009 can preserve their status by filing the returns by Oct. 15, 2010, under a one-time special relief program.