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Senate Republicans blocked a package of more than $80 billion in tax cuts, killing for now a measure that would provide incentives for corporate research and wind energy.

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

CPA2Biz president and CEO Erik Asgeirsson talks about how accounting firms are adapting to revolutionary changes in digital technology, collaborating, and providing specialized services to clients, in an interview with Accounting Today editor-in-chief Dan Hood.

The summer months are typically the time that CPAs fall out of touch with their clients. Some may send out or email one or two newsletters, but most taxpayers and preparers have thoughts that are far from next year’s taxes.

The Governmental Accounting Standards Board has issued a proposed standard to address the accounting and financial reporting issues related to fair value measurements for state and local governments.

The Internal Revenue Service has begun accepting applications once again for its Low Income Taxpayer Clinic grants.

The Public Company Accounting Oversight Board has released staff guidance on how the PCAOB should perform an economic analysis as part of its standard-setting process.

Sage North America announced the new Sage ERP X3 version 7 of the global business management solution for midsized companies.

Nearly half the tax returns on which individuals claimed tax deductions for alimony payments did not match up with their former spouse’s tax returns, showing a total “alimony gap” of over $2.3 billion in 2010, according to a new government report.

Paul Beswick, who has served as chief accountant in the Securities and Exchange Commission’s Office of the Chief Accountant, plans to leave the agency to return to the private sector.

NetSuite announced the launch of a new BPO Partner program.

The International Auditing and Assurance Standards Board has released for public comment proposed changes to the International Standards on Auditing to clarify the expectations of auditors when auditing financial statement disclosures.

The Center for Audit Quality and the Institute for Corporate Responsibility at the George Washington University School of Business are teaming on a new initiative on rethinking financial disclosures in response to recent comments from Securities and Exchange Commission chair Mary Jo White to streamline the existing Form 10-K disclosure requirements.

Small and midsize businesses in the U.S. benefit from government and private sector initiatives that support them from the start-up stage through enterprise development stages and beyond, according to a new report from the Association of Chartered and Certified Accountants and Delta Economics.

Pegasystems has signed an alliance agreement with Ernst & Young to expand their existing relationship and accelerate collaborative efforts in North America.

Real estate investment trusts were originally created to permit tax-efficient public investment in real estate, but REITs have also found wide use as private vehicles.

1st Global, research and consulting partner to CPA and wealth management firms, launched a new mobile app connecting advisors and wealth management assistants to account information.

Tim Koch has made partner at Cherry Bekaert’s transaction advisory services practice.

The Internal Revenue Service has published final regulations to provide guidance on which costs incurred by estates or trusts other than grantor trusts are subject to a 2 percent floor for miscellaneous itemized deductions.

NetSuite introduced SuiteGL, a new product with customized capabilities for the general ledger component of the NetSuite cloud ERP.