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The Financial Reporting Executive Committee of the American Institute of CPAs has released a working draft of a new version of one of its valuation guides, and is calling for feedback on a new chapter in the guide.

There are many words you might use to describe your place of work—perhaps corporate or numbers-based—but agile probably isn’t one of them.

Rep. Paul Ryan, R-Wis., Mitt Romney’s choice as vice presidential running mate, said he planned to release two years of tax returns to the public, even though he submitted several more years of tax returns to the Romney campaign during the vetting process.

Top Sage North America partner Net@Work has formed a new program geared toward accounting firms, Sage value-added resellers and other professional service firms looking to partner with the company, share resources and possibly align for a future merger or acquisition if applicable.

President Barack Obama’s re-election campaign stepped up its attacks on Republican rival Mitt Romney’s tax history with a new negative ad highlighting Romney’s tenure as head of the audit committee of Marriott International during a period when the committee used a tax shelter that has since been ruled illegal.

British soccer team Manchester United, which went public on the New York Stock Exchange on Friday, said in its IPO filing that it may take advantage of the relaxed reporting and auditing requirements for so-called “emerging growth companies” in the JOBS Act.

The tax preparation software industry experienced minimal overall growth over the past five years, averaging only 0.1 percent annually to reach an estimated $2.4 billion in 2012, according to new research.

Top Sage North America partner Blytheco plans to roll out bly:Mobile for Sage 100, a branded version of its mobile app that will allow access to components of the enterprise resource planning software from any mobile device.

Tax credits and deductions for education are too complicated and so confusing that most taxpayers cannot determine which provisions are best for them, the American Institute of CPAs said in written testimony to the Senate Finance Committee.

A federal court in Central Islip, N.Y., has permanently barred a tax preparer who allegedly claimed improper Indian Employment Tax Credits for her clients.

Every year, it seems that the tax profession is faced with year-end legislation, late forms and radical changes that add to the complexity and headache of preparing a return. Despite all of the above, most practitioners realize that it’s the complexity and confusion that drives new clients their way.

CCH has upgraded its CCH Mobile app to enable CCH IntelliConnect users to access, save and send tax research using Apple iPhone, iPad and Android devices.

The International Accounting Education Standards Board has drafted a proposed revision of its standards for the professional development of audit engagement partners.

Half a dozen accounting firms have been selected to help oversee compliance by the five banks that agreed to a mammoth national mortgage settlement.

Recent promotions, new hires and more

Detroit-area firms Croskey Lanni and Hirzel Jackson & Swaine are combining forces.

Long Island-based accounting firm Fuoco Group has merged in AIB Forensics to create a new forensics division and expand the firm’s footprint beyond the Northeast.

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

I am frequently asked about the pros and cons of writing original content for blog posts and newsletter articles mainly, as opposed to purchasing canned articles from a content farm.

The Justice Department has asked a federal court in Chicago to bar Bruce E. Grant and his business, Quick Check Limited, from preparing tax returns.