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The two leaders of the Senate Finance Committee have offered to take a “blank slate” approach as a starting point for tax reform, in which there would be virtually no tax breaks available, and called on their Senate colleagues to provide suggestions on which tax provisions need to be added back and improved in a reformed tax code.

Newly released resource forecasting tools are now available in the latest version of CCHProSystem fx Practice Management that are designed to make it possible for firms to plan their client work in weekly increments and for partners and billing managers to see client work planned for the upcoming week or for weeks in advance.

Oracle, NetSuite and Deloitte have formed a strategic alliance focused on plans to deliver integrated human capital management(HCM) and ERP cloud services for midsized customers.

Small businesses across the U.S. are feeling more optimistic about the months ahead as financial conditions rebound, but concerns remain about hiring and growth, according to a new report.

The U.S. Small Business Administration has issued four final rules in the Federal Register, increasing the size standards for small businesses in 70 industries, including finance.

Rep. Nydia M. Velazquez, D-N.Y., the ranking Democrat on the House Small Business Committee, has introduced two bills to foster entrepreneurship and help small firms grow and succeed.

CPA firms are wrestling their way through partner retirements and the accompanying succession issues in numbers that the profession has never seen before.

An Internal Revenue Service deputy director whose office awarded more than $500 million in contracts to a friend’s technology company wouldn’t testify before a congressional committee.

The Financial Accounting Standards Board is expected to issue a document Thursday proposing to improve the financial reporting of insurance contracts, including the measurement of insurance liabilities and the related effect on the statement of comprehensive income.

BDO USA LLP has tapped into Alaska, Minnesota and the Northeast for its latest additions.

The American Institute of CPAs is increasing its webcast options to allow CPAs to attend AICPA conferences virtually.

Andrew Fastow, the former CFO of the bankrupt energy-trading firm Enron, admitted to the wrongs he committed, but also blamed the accountants at the defunct firm Arthur Andersen, in a speech at the Association of Certified Fraud Examiners’ Global Fraud Conference.

The Financial Accounting Standards Board has issued a proposal to improve disclosures of uncertainties related to an organization’s ability to continue as a going concern.

National Taxpayer Advocate Nina Olson’s latest mid-year report to Congress calls the IRS “an institution in crisis,” with its many problems affecting its ability to conduct its mission.

The Supreme Court has struck down the Defense of Marriage Act and California’s Proposition 8, awarding supporters of same-sex marriages wins that have major tax implications.

Open Systems has released a purchase order routings and approvals application for its Traverse accounting and business software, which provides organizations with full control over their purchasing and approvals process.

Jacqueline Oneto has moved up the ranks from partner to managing partner at Gelman, Rosenberg & Freedman CPAs. Oneto will officially step into her new role on July 1, 2013.

Actor Stacy Keach, who narrates the CNBC TV series “American Greed,” praised the efforts of the fraud examiners whose efforts put behind bars many of the perpetrators whose crimes are chronicled on his show.

The owner of a New Jersey tax preparation business pleaded guilty to willfully preparing false tax returns for clients.