The Latest

Financial Executives International has written to House and Senate Leaders urging lawmakers to consider relief for small and closely held business in the event of any future stimulus packages.

The Rehmann Group accounting firm said it plans to merge with another Michigan firm, Pridnia LaPres, effective Jan. 1, 2009.

The Internal Revenue Service continues to have problems with its internal controls and financial management systems, according to a new report from the Government Accountability Office.

The financial crisis will make it more difficult for businesses to comply with sales and use tax payments, according to a new survey.

The Center for Audit Quality defended the use of fair value accounting in a letter to the Securities and Exchange Commission as the standard comes under attack from banking interests.

Electronic tax filing for individuals and businesses set a record in 2008, according to the Internal Revenue Service.

Treasury Secretary Henry Paulson said the department's Troubled Asset Relief Program would begin to focus more on relieving tight consumer credit markets and shift away from the original plans to buy mortgage-backed securities.

The Justice Department and the Internal Revenue Service have accused a senior executive at UBS of helping U.S. taxpayers evade income taxes on approximately $20 billion in assets.

The next Congress and the Obama administration are expected to make major changes in both individual and business taxes, said a panel of Ernst & Young tax experts.

KPMG International has appointed a new chief financial officer, Helen Spice, who will be relocating from the firm's London office to Toronto.