The Latest

A group of Democratic lawmakers has introduced a bill that would impose a temporary war surtax beginning in 2011 to pay for the war in Afghanistan.

The Internal Revenue Service said it is temporarily closing its determination letter program for adopters of pre-approved defined-benefit plans.

The Financial Industry Regulatory Authority has fined Terra Nova Financial $400,000 for making more than $1 million in improper “soft dollar” payments to hedge fund clients for accounting expenses, estate planning fees and more questionable expenses.

The Financial Planning Association has named Martin Kurtz as its next president.

States across the country experienced continuing sharp declines in tax revenue during the third quarter of the year, meaning more spending cuts and perhaps more tax increases are on the way.

A recent ruling by the Tax Court could be highly favorable for taxpayers looking to claim the Research and Development Tax Credit.

The International Public Sector Accounting Standards Board has published a paper questioning how financial statements can provide more information about the long-term sustainability of current government programs.

The First-Time Homebuyer Tax Credit helped spur a 10.1 percent jump in sales of existing homes in October.

Enterprise software provider AFS Technologies has announced a cash acquisition of certain assets of Canton, Mass.-based revenue management and billing solutions provider Softrax Corp.

IMGCAP(1)]David Sibits has been seeing a lot of changes at CBIZ in the past year as the firm copes with the economy and manages its acquisitions of Tofias and Mahoney Cohen.