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The Tax & Accounting business of Thomson Reuters has added several new features to the latest version of its Workpapers CS software for managing tax engagement workpapers.

Seattle-based Top 15 Firm Moss Adams LLP has announced that it will merge with Silicon Valley-based Top 100 Firm Mohler, Nixon & Williams, boosting their combined presence in Northern California. The deal has been approved by partners at both firms, and is due to go into effect on Jan. 1, 2013.

John Karaffa had the right stats to found ProSport CPA five years ago, an accounting firm that serves professional athletes, as both an athlete and one that played abroad, like many of his clients.

Witt Mares PLC and PBGH LLP have agreed to merge. The deal is expected to take effect on Jan. 1, 2013.

Private sector employers added 118,000 jobs from October to November, according to the latest monthly employment report from payroll giant ADP, though the hiring gains were tempered by the impact of Hurricane Sandy.

The Financial Accounting Foundation’s board of trustees has appointed four new members to the Financial Accounting Standards Advisory Council and six new members to the Governmental Accounting Standards Advisory Council.

Nearly 40 percent of CPAs perceive themselves as catalysts for innovation for their clients, while the majority of CPAs believe they have a role to play in their clients’ adoption of technology, according to a new survey.

CPAs in Pennsylvania and New Jersey are pessimistic about economic trends both nationally and statewide, according to a new survey.

Patrick & Robinson recently acquired the Jacksonville, Fla.-based CPA practice, Petherbridge, Davis & Co. The deal closed in mid-November.

The Minnesota Board on Judicial Standards has made a formal complaint against the state tax court’s chief judge, George Perez.

Technology consultant Wayne Schulz takes on the new Windows Phone 8 and explores if it may be the right purchase for business and personal use.

The so-called fiscal cliff has politicians in Washington performing the political equivalent of a soap opera as they leave the country in suspense about whether they will manage to resolve a self-inflicted crisis in time to avoid a recession next year.

The Internal Revenue Service has issued proposed regulations on the 0.9 percent Additional Medicare Tax for upper-income taxpayers scheduled to take effect next year as a result of the Affordable Care Act.

The International Valuation Standards Council has released a discussion paper seeking views on the need for improved standards for valuation of investment property.

Check out the digital edition of the December 2012 issue of Accounting Today.

The Public Company Accounting Oversight Board has issued a staff audit practice alert to remind auditors of their requirement to exercise professional skepticism throughout their audits.

Small businesses need to deal with several changes in W-2 and 1099 forms and reporting requirements this year as the IRS looks to close the tax gap.

The Los Angeles office of PKF California and the Glendale office of Hutchinson and Bloodgood LLP, have agreed to merge.

Financial Accounting Standards Board chairman Leslie Seidman and International Accounting Standards Board chairman Hans Hoogervorst appeared side by side at an AICPA conference Tuesday in a joint appearance to discuss what went awry in U.S. support for International Financial Reporting Standards.

Charles “Sandy” Kennedy Jr. joins G.T. Reilly & Co. as vice president and director of tax services.