The Latest

The Government Accountability Office wants to see better descriptions and more cost and expected performance information on the Internal Revenue Service’s new initiatives in the agency’s future budget submissions.The IRS’s budget request for 2008 includes a spending increase of almost 5 percent, to $11.6 billion, and the GAO noted that the agency’s budget proposes shifting a greater proportion of spending to enforcement, continuing a trend.

Embarrassingly for Senate Finance Committee Chairman Max Baucus, one of the loudest proponents of reducing the tax gap, two mistakes he made in recent years on his own property taxes have recently come to light.A political ad sponsored by the Montana Republican State Central Committee has brought to light local property taxes in both Washington and Montana that tripped up Baucus, D-Mont.

Just saw a demo of a rather interesting idea. Of course, it is not unique, but the demo is rather good. Now what is this all about?

Sage Software is unveiling a fresh infrastructure that aims to shift its business units more closely to its customers needs, creating two new business divisions as well as a new chief technology officer position.

A new study found that while 85 percent of American adults use the Internet or cell phones -- and most use both -- the percent of adults who say that they exploit the connectivity or interactivity of modern technology stands at less than 10 percent.

Goldman Sachs won’t face charges as part of a shareholder lawsuit against mortgage finance giant Fannie Mae.

As part of its series of practitioner guides, the Institute of Management Accountants announced the release of a statement focused on the area of enterprise risk and control.

Four new members have been appointed to the International Financial Reporting Interpretations Committee.The trustees of the International Accounting Standards Committee Foundation, part of the Interational Accouting Standards Board, made the three-year appointments, which will be up in June 2010.

Sage Software was once a one-legged company. Well, that is more or less true in the sense that the overwhelmingly majority of its revenue came from selling product and from the services surrounding them. And however much came from services, product license revenue was still the core.

J.H. Cohn LLP has acquired the practice of Berenson LLP, a New York accounting firm specializing in solid apparel and import specialization practices.