The Latest

IMGCAP(1)]On a personal level, social media offers an easy-to-use platform to share information and connect with friends.

It may be a bit far off, but here’s something to look forward to - Deloitte has broken ground on a new leadership development facility slated to open in 2011.

Lee Zoeller, a partner at the international law firm Reed Smith LLP, recently began leading the Institute for Professionals in Taxation.

Taking responsibility for audits has turned out to be an increasingly thorny issue.

The Public Company Accounting Oversight Board has received mostly negative comments on a recent proposal to require engagement partners with final responsibility for an audit to sign the audit report, and it may end up abandoning the idea.

Software developer and IT consulting services provider Pagos will this month formally release SpreadsheetLIVE, an online real-time spreadsheet service, after a year of beta testing.

FedEx said the IRS’s audit team has decided not to assess federal employment taxes on FedEx Ground’s home delivery drivers, whom the company considers to be independent contractors.

Microsoft has announced it will stop distributing its Office Accounting as of Nov. 16 but will continue to offer product support for the software for five years.

Electronic tax filing set a new record this year, with 95 million individual federal income tax returns e-filed, up nearly 6 percent from last year’s total of nearly 90 million.

The Federal Trade Commission has once again extended the deadline for enforcing the so-called “Red Flags Rule” that requires financial institutions and creditors to develop identity theft prevention programs.