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New going concern warnings appear to be reaching a 12-year low among companies, according to new research from Audit Analytics, but the number of companies improving well enough to shed their going concern status is also the lowest observed in the past 12 years.

The International Accounting Standards Board has settled on its future agenda and priorities following a public consultation.

Cloud-based payroll and HR service Paylocity Corp. has unveiled Web Pay 10.1, the company’s flagship product that now boasts increased performance along with several new features, including a redesigned report writer and a new manager self-service portal.

Texas Attorney General Greg Abbott said the state is investigating a fraudulent tax return scheme and warned East Texas residents to avoid recruiters from Syam Tax Services LLC.

President Barack Obama lowered his tax revenue demand by $200 billion and offered to start tax rate increases at $400,000 in income instead of $250,000, moving closer to a budget deal with House Speaker John Boehner.

Accounting practice consulting service and software provider Commercial Logic Inc. now has a hosted offering for its PowerPM practice management software, with the goal of giving firms access to the database from any Internet connection.

The Internal Revenue Service has published amended temporary Repair vs. Capitalization regulations to incorporate the changes announced in the recent Notice 2012-73.

Sage North America has released Sage 100 ERP 2013 and included new cloud services and usability features for its user base of small to midsized distributors and manufacturers.

Wave Accounting has adjusted its name and website in an attempt to convey it is more than just a free, cloud-based accounting product maker and to showcase the full suite of its back-office tools.

The U.S. Small Business Administration has launched an online tool to help small businesses create business plans.

The Internal Revenue Service said its Central Authorization File system, which helps power its Transcript Delivery Service and Disclosure Authorizations systems, will be unavailable from December 26 through January 2.

House Speaker John Boehner offered to raise income tax rates on households earning more than $1 million a year in exchange for containing the cost of federal entitlement programs, as part of a deal with President Barack Obama to cut the federal deficit, according to two people familiar with the talks.

The IRS said that it issued more than nine out of 10 refunds to taxpayers in less than 21 days last year, and expects the same results in 2013.

Only 57 percent of investors said their financial advisors proved their worth in navigating recent market conditions, according to a new report.

The International Federation of Accountants has released a document highlighting the best practices for business accountants to follow in terms of effective governance, risk management and internal control.

Organizations are struggling to understand the implications of environmental and social factors in their finances, operations and strategy, according to a new report from the Prince of Wales’s Accounting for Sustainability Project.

Hundreds of business leaders who are part of a trio of advocacy groups have signed a letter calling on Congress and President Obama to close corporate tax haven loopholes that cost the U.S. Treasury $100 billion a year.

As talks drag on between President Obama and House Speaker John Boehner, R-Ohio, many business leaders believe there will not be an agreement to avoid the fiscal cliff before the end of the year, according to a new poll by KPMG.

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