The Latest

IMGCAP(1)]According to the Small Business Administration, nearly 45,000businesses close each month. Declining consumer confidence, massivelayoffs, credit constraints and foreclosures are only part of theincreasing pressure that will likely lead to record numbers of businessfailures, closures and bankruptcy in the coming years. Is there anylight at the end of this tunnel?

Eighty-four percent of CFOs plan to maintain their current accounting and finance staff levels in the fourth quarter, according to a new survey.

Kathryn A. Byrne, partner-in-charge of the International Services Group at accounting and consulting firm Weiser LLP, was unanimously elected chairperson of Praxity North America.

Congressman Charles Rangel, D-N.Y., is hearing more calls for him to step down from his chairmanship of the tax-writing House Ways and Means Committee after a series of embarrassing revelations.

The Cellular Telecommunications Industry Association has asked the IRS to repeal an old tax rule that required employees to maintain logs detailing their business usage of mobile phones.

Lee Zoeller, a partner at the international law firm Reed Smith LLP, has been elected president of the Institute for Professionals in Taxation for 2009-2010.

Universal Business Computing Co. has released the latest versions of its general ledger and payroll software with new productivity enhancements.

The Sept. 16 deadline is nearing for submitting a preliminary application for the federal government’s Section 48C tax credit program for manufacturers of clean energy equipment.

A Florida tax preparer has been barred by a federal judge after he falsely told clients he was a former IRS employee and that the IRS had “pre-audited” their tax returns.

Whether you’re a freshman or senior, the new school year brings a fresh set of challenges – including making friends.