The Latest

The Schonbraun McCann Group LLP has changed its name to Cornerstone Accounting Group LLP and announced some management changes.

The presidential race has produced an interesting series of charges and counter-charges about the candidates' tax policies, and lately they've involved taxes on small business owners.

Energy company El Paso Corp., its subsidiaries and five former employees settled fraud charges with the Securities and Exchange Commission for improperly inflating proven oil and gas reserves and providing misleading financial statements.

Maybe because I am so literal, I am a firm believer in transparency. Perhaps that was why I was intrigued by a newsletter from a leading firm association that goes to association members and friends. Included was a two-pager entitled “Vision for Our Future,” that identifies ten possible goals of the association for 2008-2012. The process, which included member surveys, conference calls, and meetings, was also detailed. The proposed goals were developed by a 15-member team and facilitator, all listed in the two-pager.

A shortage of experienced accounting and finance professionals is affecting employers around the world, according to a new survey.

A new Web site is providing sample questions for the CPA Exam for free.

Job satisfaction among financial planners remains high, with 96 percent of financial planners saying they are "satisfied" or "very satisfied" with their career choice, according to an annual survey.

Vrakas/Blum Computer Consulting has acquired the clients and employees of Clifton Gunderson's Wisconsin Sage practice.

A Chicago businessman has pleaded guilty to tax fraud conspiracy charges stemming from an agreement with a Chicago-based banker and tax shelter promoter to fraudulently obtain referral fees relating to tax shelter transactions.

Sen. Barack Obama, D-Ill., has proposed a tax credit for small businesses that offer health insurance to their employees.