The Latest

Approximately 203,000 taxpayers erroneously claimed a total of over $300 million in Hope Credits for higher education in 2006, and over 169,000 claimed over $232 million in credits, according to a new report by the Treasury Inspector General for Tax Administration.

To honor their 50th anniversary, Murray, Jonson, White & Associates, a CPA firm in Falls Church, Va., has established a $50,000 scholarship to help college students pursue an accounting career.

Many may feel that enterprise risk management is a passing fad, but evidence shows otherwise.

Universal Business Computing Company has added an automated clearing house tax payments feature to its payroll service bureau program.

Former International Accounting Standards Board Vice Chairman Tom Jones has been appointed director of Pace University’s Center for the Study of International Accounting Standards.

Solar energy technology maker SunPower saw its share price tumble earlier this week after it announced the discovery of accounting irregularities in its Philippines manufacturing operations.

Market research firm IDC has recognized Intuit’s work with IBM on the Smart Business Platform as part of its first SMB Excellence Awards.

Former teen idol Aaron Carter reportedly owes the Internal Revenue Service more than $1 million in back taxes.

The Institute of Management Accountants has released a set of tips to help small business managers with their planning and budgeting.

A Web service that matches small businesses with accountants is expanding into nine new markets.