The Latest

The Making Work Pay Credit, a tax credit that was a signature part of President Obama’s economic stimulus package in February, could lead to more than 15.4 million people owing additional taxes, according to a new government report.

Moore Stephens Wurth Frazer and Torbet LLP plans to merge with Frost PLLC at the beginning of next year.

In a move designed to bolster its global transaction tax offerings, Thomson Reuters Tax & Accounting has agreed to acquire San Ramon, Calif.-based Sabrix, a provider of tax transaction software, for an undisclosed amount.

QuickBooks parent Intuit Inc. has unveiled Customer Manager, a CRM service for small businesses that provides online and mobile access to customer data.

Leaders of the American Institute of CPAs and the Center for Audit Quality registered strong objections to proposed legislation that would put banking regulators in control of U.S. accounting standards.

Las Vegas-In contrast to the glitzy bonhomie that has become the signature of this town, the American Institute of CPAs' Fall Meeting of Council was nearly all business as attendees were given progress reports on a dizzying number of pending issues, such as International Financial Reporting Standards, sweeping financial regulatory reform and the rising importance of sustainability.

In case you were wondering, Grant Thornton chief executive Ed Nusbaum has an iPod. And he loves it.

Rainmaking skills are almost as important as technical proficiency. The ability to bring in business is a key skill that many firms need. There are far fewer accounting professionals capable of doing this than one would think. So as new graduates enter the profession, it is absolutely critical to contemplate how to develop these "soft skills," in addition to other accounting skills.

COMPANIES WANT SEC TO APPROVE IFRS ROADMAP

LONDON-The Association of Chartered Certified Accountants recommends in a new report that environmental regulators should work with international accounting standard-setters to develop a universal climate change reporting standard for organizations of all sizes.