The Latest

Vice President Joe Biden intends to propose an additional $5 billion in tax credits to support clean energy technologies, building on the $2.3 billion in energy tax credits included in the Recovery Act.

The Center for Audit Quality has issued a request for proposals to fund independent academic research on projects of interest to the auditing profession.

The House passed two bills earlier this month with provisions related to the use of Extensible Business Reporting Language, or XBRL, the interactive data-tagging technology that the SEC has begun requiring large public companies to use when filing their financial statements.

A group of 13 senators has written to the Appropriations Committee requesting funds to extend Small Business Administration Recovery Act lending programs.

BKD LLP CEO Neal Spencer has been re-elected to a second three-year term by the firm’s partners.

Ernst & Young has agreed to pay $8.5 million to the Securities and Exchange Commission after the firm and six of its former and current partners were charged with playing a role in accounting fraud at Bally Total Fitness Holding Corp.

The House narrowly passed a jobs bill aimed at reducing unemployment, but the legislation’s prospects are uncertain in the Senate.

Intuit is releasing a Software as a Service version of its ProLine Tax software, making it available over the Internet like the company’s consumer-oriented TurboTax.

This month retailers are focusing on holiday and year-end sales. While holiday spending predictions are uncertain at best, you still can help your retail clients take steps to bolster volume and revenue per capita.

Economic uncertainty, coupled with the possibility of higher tax rates, has driven taxpayers to seek more face time with their accountants.