The Latest

Orrtax Software Solutions has appointed a new president, Matt Scheuing, to develop the tax prep company's corporate strategies.

Sage Software updated its PFW ERP business management software with new interface updates, efficiency enhancements, and performance optimization features.

The Treasury Department's watchdog group thinks it smells a rat when it comes to reports of Schedule C losses on tax returns, and it's urging changes in the Tax Code to establish "bright-line" rules for determining when an activity is a legitimate business.

Democratic presidential candidate Sen. Barack Obama, D.-Ill., outlined his tax proposals in a speech at the Tax Policy Center in Washington, highlighted by a proposal for a tax cut of between $80 billion and $85 billion, coupled with increases in the capital gains tax.

The Securities and Exchange Commission's Enforcement Division came under fire in a report that criticized the division's oversight of its caseload.

The American Institute of CPAs and the Financial Accounting Standards Board have set a date for FASB's Private Company Financial Reporting Committee to meet.

The American Institute of CPAs has sent comments to the Internal Revenue Service recommending changes in the redesigned form for tax-exempt nonprofit organizations.

Quest Software said it would record $143 million in accounting adjustments related to stock option issues from 1999 through March 31, 2006.

Salesforce.com is integrating its online customer relationship management software with financial systems from Coda and Intacct.

Automatic Data Processing said it has identified a phishing scam targeted at ADP clients and others.