The Latest

New accounting standards effective at the beginning of 2009 will impact the accounting for mergers and acquisitions.

Outright.com has added a client access feature for accountants to its online bookkeeping service for the self-employed.

Two current and two former Ernst & Young partners were found guilty of tax fraud and conspiracy charges related to tax shelters.

The “greenbook” released by the Obama administration on Monday includes a number of proposals of special interest to tax preparers.

The Obama administration released detailed plans to cut $800 billion in taxes on small businesses and middle-class families over the next 10 years, while raising $122.5 billion in corporate taxes

Former baseball pitcher Jerry Koosman is expected to plead guilty later this month to charges stemming from his failure to file a tax return for 2002.

Grant Thornton has sent a letter to federal officials proposing that banking regulators adjust capitalization requirements to take into account the broader economic environment.

"'Onboarding': the process of acquiring, accommodating,assimilating and accelerating new team members, whether they come fromoutside or inside the organization. It is used to refer to theadministrative work involved with setting an employee up in a new jobor role. Onboarding is now more broadly defined as the entire processof aligning an organization around recruiting, hiring, and helping thenew employee reach full productivity as quickly as possible." - from Wikipedia.org.

Firms thatwant to cut costs must be careful not to trim too much in the name ofshort-term savings.

A recent decision by the Massachusetts Appellate Tax Board related to inter-company pricing may put state tax auditors on notice not to overreach when assessing the value of services and products provided between companies and their out-of-state affiliates.