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The Internal Revenue Service has issued a new revenue ruling on mass transit passes provided as fringe benefits to employees and how to pay for them.

Wolters Kluwer CCH Small Firm Services has enhanced its Client Accounting Suite with an improved Client Checkbook that streamlines data entry.

The International Federation of Accountants and the donor signatories of MOSAIC (Memorandum of Understanding to Strengthen Accountancy and Improve Collaboration) launched the MOSAIC website last week at the World Congress of Accountants in Rome to support the global accounting profession worldwide.

AccountantsWorld has improved its popular Accounting Power cloud-based software to better accommodate smartphones and tablets.

A roundup of recent accounting firm mergers and acquisitions

New hires, promotions and more…

The Governmental Accounting Standards Board has issued two documents describing its preliminary views on lease accounting for state and local governments, and financial reporting for fiduciary responsibilities, as it solicits public comments on possible standards.

The Internal Revenue Service has insufficient controls over the outside employment or business activities of its employees, according to a new government report.

Nonprofit software veteran Kent Hollrah has joined Intacct as a senior channel executive, not-for-profit.

The Net Investment Income Tax, which was included as part of the Affordable Care Act, will be hitting taxpayers and practitioners alike this coming tax season.

Internal auditors are more likely to be satisfied with their jobs and remain with employers who use internal audit as a talent pipeline for management positions, according to a new survey.

The Internal Revenue Service is being urged to bolster its enforcement efforts on multimillion-dollar Individual Retirement Accounts in a new government report that also encourages Congress to provide more direction.

The Financial Accounting Foundation, has named Jan Sylvis, the chief of accounts for the Tennessee Department of Finance and Administration, as vice chair of the Governmental Accounting Standards Board.

The Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board, has launched a new Web page highlighting the benefits of U.S. GAAP.

If the lame duck session of Congress fails to address the tax extenders, it will fall to incoming House Ways and Means Committee chairman Paul Ryan, R-Wis., to see that they get passed early in the next session of Congress.

A former CPA and tax attorney has been sentenced to 57 months in prison and ordered to pay $2.2 million in restitution to the Internal Revenue Service for stealing the identities of deceased children.

The Center for Audit Quality and the American Institute of CPAs have jointly issued a new member alert reminding audit firms of the independence rules required by the Securities and Exchange Commission and the Public Company Accounting Oversight Board.

Palo Alto Software will now offer a certification course for accountants using its LivePlan business planning software.

Tax professionals who give advice to marijuana businesses in the states where marijuana is legal should not have to suffer adverse consequences because the businesses are illegal under federal law, recommends a new report from a key advisory council for the Internal Revenue Service.

Highlights of some of our favorite tax-related blogs from the past week.