The Latest

The Tax Foundation has selected three videos as winners of a contest that aims to draw attention to the high rate of business taxes in the U.S.

The statement was as jarring as it was unexpected: “I never want to have a credit card.”

House Financial Services Committee Chairman Barney Frank, D-Mass., said he did not plan to have Congress suspend fair value accounting rules.

The Securities and Exchange Commission held the first of two roundtable discussions on fair value accounting standards, receiving input from accounting firms such as PricewaterhouseCoopers and Grant Thornton, along with other organizations.

The Securities and Exchange Commission plans to hold its annual forum on small business capital formation on Nov. 20 at its headquarters.

Accounting firm J.H. Cohn has formed a Client Economic Recovery Team to advise financial institutions and public companies affected by the financial crisis.

Accounting firms plan to continue growing through client specialization, joining networks and other strategies, according to a new survey.

Accounting firm Eide Bailly has expanded by combining with three other practices: Gordon, Hughes & Banks; Keller, Young & Grover; and Magee, Rausch & Shelton.

Grant Thornton reported that its revenue for the fiscal year ending July 31 rose 9.5 percent to $1.2 billion.

Sage Software has begun selling a bundled version of its Peachtree small business accounting and payroll software.