The Latest

  • Charles Grassley, R-Iowa, ranking member of the Senate Finance Committee, said he planned to co-sponsor a bill that will update the deductible cost of operating a vehicle for charitable purposes.

    September 4
  • Comparatively few universities will be educating students in international accounting standards this academic year, despite plans by the Securities and Exchange Commission to impose the new standards on U.S. companies.

    September 4
  • The invitations have been flowing fast and furious lately: “I'd like to add you to my professional network on LinkedIn.” At first, it seemed like the thing to do and I indulged in what I will call LinkedIn promiscuity, accepting all invitations. There was also the phenomenon of LinkedIn Envy when I saw acquaintances with more than 500 connections and a plethora of recommendations.

    September 3
  • The Internal Revenue Service is providing tax relief to flood-ravaged victims of Hurricane Gustav in the affected areas of Louisiana by postponing some tax-filing deadlines.

    September 3
  • Chief financial officers plan to hire more accounting and finance employees in the fourth quarter of 2008, according to a newly released survey.

    September 3
  • Technology hurdles are forcing the Internal Revenue Service to again delay the effective date of a revenue ruling that gave employers guidance on the use of smart cards, debit cards and credit cards to provide transportation fringe benefits to employees.

    September 3
  • Generation X millionaires give nearly twice as much to charity on average compared to older generations, according to a new survey.

    September 3
  • Joseph P. "Bo" Fitzpatrick has left his position running AuditWatch to join CPA firm Watkins, Meegan, Drury & Co. as director of business development and strategic planning.

    September 3
  • With gasoline taxes much in the news lately, CCH has introduced an online Oil and Gas Taxation Library on its CCH Tax Research NetWork.

    September 3
  • Teachers and other school employees returning from summer vacations are dealing with the prospect of an IRS rule change on deferred compensation that could see their taxes increase by 20 percent if they aren't careful.

    September 2