The Latest

The push to raise taxes on hedge funds, private equity firms and their managers seems to have stalled for this year in Congress.

Jackson Hewitt Tax Service has ousted chairman and chief executive Michael Lister after more than 125 of the company's franchises faced charges of fraudulent tax return preparation.

The Securities and Exchange Commission has set up a new unit to speed the move to interactive financial reporting by public companies.

The House of Representatives has passed a bill that would provide relief to homeowners facing the threat of taxes on their foreclosed homes in the midst of the subprime mortgage meltdown.

Grand Rapids, Mich. - A federal grand jury has indicted three tax shelter promoters, charging them with conspiring to promote, market and sell fraudulent tax shelters.

Parente Randolph has acquired the Pittsburgh office of Terry & Stephenson, bringing the total number of staff members in Parente's Pittsburgh office to more than 35.

Ontario Teachers' Pension Plan has acquired investment research company Glass, Lewis & Co., for $46 million, bringing ownership of the proxy advisory provider back to North America.

ATM machine maker Diebold has been in talks with the Office of the Chief Accountant at the Securities and Exchange Commission about its practice of recognizing certain revenue on a "bill and hold basis."

The Center for Audit Quality (CAQ) is living up to its name, as it has issued three white papers in response to the so-called “liquidity crisis” that began in the subprime mortgage-related markets and, according to CAQ, has spread to other corners of the credit markets with “a potentially pervasive impact on public companies generally with respect to investments held.”

What happens when you're a female partner who enjoys golfing, but instead of being invited to a golf foursome with important clients, your husband - who's not even with your firm - is asked to go instead?Is this intentional, or just an oversight?