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Accounting and business software provider Open Systems Inc. has released Version 11 of its Customer Relationship Management for Traverse.

Democrats on the House Ways and Means Committee have introduced a bill to provide tax credits to businesses that brings jobs and business operations back to the U.S. from abroad.

Himanshu Palsule will lead Sage North America's product and strategy division.

M&A activity among middle-market companies in the U.S. has risen about 25 percent so far this year over last year, according to a report from KPMG’s Corporate Finance unit.

Approximately 86 percent of millionaires in the U.S. believe themselves to be self-made, according to a new survey by Fidelity Investments.

The Internal Revenue Service is sending out warning letters to paid tax preparers who fail to submit Form 8867 checklists with tax returns that claim the Earned Income Tax Credit.

The Public Company Accounting Oversight Board has entered into a cooperative agreement with the Spanish auditing firm regulator to allow joint inspections to begin this year for firms in Spain and the U.S.

Accountants and their small business clients share similar challenges of complex regulations and the pressure to lower fees and prices, according to a new poll.

The recent IPO by Facebook founders led to their creation of grantor trusts to avoid paying taxes of at least $200 million. It underlined new uses of a technique that has been around for a long time. Grantor trusts, including defective trusts, are still the hot new thing.

Despite the slowdown this year of the economic recovery, financial professionals surveyed by the Association of Chartered Certified Accountants and the Institute of Management Accountants believe that business conditions in the U.S. are improving, but they worry about conditions abroad.

The Financial Accounting Standards Board said it is taking a different approach than the International Accounting Standards Board in the impairment of financial instruments after a joint meeting Wednesday.

Thomson Reuters has enhanced its ONESOURCE Transfer Pricing software with updated data collection features.

Eugene Ma and Kevin Starkey accepted into partnership at California firm

Mergers and acquisitions activity among corporations appears to gaining momentum this year, according to a midyear report by PricewaterhouseCoopers, which foresees M&A activity accelerating in the second half of 2012.

The single-engine airplane that was flown by an enraged pilot into an Internal Revenue Service building in Austin, Texas, in February 2010 cost the agency $38.6 million, according to a new government report.

The assurance, tax, and consulting firm intends to fill 300 to 500 positions to its new corporate headquarters

Rep. Sander Levin, D-Mich., the ranking Democratic member of the tax-writing House Ways and Means Committee, plans to introduce legislation that would require Presidential candidates to make public 10 years of tax returns and disclose any overseas accounts.

Cloud-based accounting provider Xero has released a general ledger integration with the Run Powered by ADP cloud-based payroll platform for small-business owners.

The Securities and Exchange Commission’s final staff report on International Financial Reporting Standards seemed to bend over backwards to avoid making a recommendation to the SEC commissioners on how they should vote, but with all the many drawbacks listed in the report, it’s questionable how the SEC could ever vote at this point to support IFRS.

A pair of experts from accounting firm Rothstein Kass have helped write a new book that offers an introductory guide to the capital markets.