Subject Root Tag

The Securities and Exchange Commission reminded corporate filers Friday that the forthcoming release of its EDGAR financial statement database will support 2013 U.S. GAAP Taxonomy, but not the older 2011 taxonomy.

President Barack Obama’s budget proposal would cap multimillion-dollar tax-favored retirement accounts like the one held by Mitt Romney, his Republican rival in 2012.

President Barack Obama’s budget plan will incorporate deficit-cutting proposals that include changing the calculation for Social Security cost-of-living increases and tax brackets, according to a White House statement.

Many private businesses are planning to maintain their current staffing levels this year, according to accountants surveyed by financial information provider Sageworks.

Accounting services and technology consultancy Armanino has selected to move its small business outsourcing clients from their current accounting platforms to Xero, making them the largest firm thus far to do so.

The unemployment rate dipped a tenth of a percentage point to 7.6 percent in March, although hiring slowed to 88,000 jobs, the U.S. Bureau of Labor Statistics reported Friday, with 11,000 jobs added in accounting and bookkeeping services.

Signs seem to be mixed these days on how well we're doing in the wake of the economic turmoil that has afflicted us. But in addition to the stock market and slight rise in employment, there's good news in the marketplace for sales of small businesses.

New hires, promotions and more

The Internal Revenue Service has issued proposed regulations on the requirement that charitable hospitals conduct community health needs assessments and adopt implementation strategies at least once every three years.

Find out what accounting firm switched to the feline marketing craze…

A large cache of secret documents reveals that tens of thousands of people, including government officials from around the world, are using offshore companies and trusts to avoid taxes.

The Internal Revenue Service is often unable to process tax payments made in foreign currencies on a timely basis or at favorable exchange rates, according to a new government report.

Spending on outsourcing of accounting and finance functions is expected to reach over $25 billion around the world this year, according to a new report.

Steven Bokiess has joined BDO USA LLP as a tax partner in the firm’s financial services practice.

Those that know me, know that I do not like extensions. However, there are valid reasons for extensions, and here are 15 of them:

Cloud accounting software maker Kashoo has released Version 2.1 of its accounting iPad app, which includes, among other things, mobile printing and client-ready invoice templates.

Month-over-month hiring declined 0.2 percent in March at small businesses and the average paycheck size fell 0.1 percent, according to payroll provider SurePayroll, but optimism among small business owners rose.

While small businesses again appear to be hiring, plans to create more jobs appear to be slackening, according to the National Federation of Independent Business.

Employment at small businesses in the U.S. grew a slight amount in March, with employees earning more money and working more hours, but revenues mostly dropping, according to Intuit.

The Financial Accounting Foundation has named Iowa Auditor of State David A. Vaudt as the next chairman of the Governmental Accounting Standards Board, succeeding Robert Attmore.