Subject Root Tag

The House Ways and Means Committee has passed a Republican-sponsored bill aimed at reducing taxes for small businesses that would also benefit larger companies.

The Securities and Exchange Commission said Wednesday that the U.S. GAAP 2012 Taxonomy is now available for use in the SEC’s EDGAR online database, along with the Mutual Fund Risk/Return Summary 2012.

Automated data entry and workflow software provider Personable Inc. has released ScanWriter 2012, a cloud and on-premises-based automation technology designed to instantly process over 300 financial documents from banks, credit cards, brokerage firms and vendor invoices for QuickBooks and Excel files.

Like Katniss Everdeen, the young heroine of the hit movie “The Hunger Games,” auditing leaders are facing their own test of survival.

The Internal Revenue Service said Tuesday that it would provide penalty relief to farmers who incurred estimated tax penalties because they did not receive their 1099 forms from MF Global or the bankrupt financial firm’s court-appointed trustee on a timely basis.

Cloud-based sales tax automation service provider Avalara has revamped its Accounting and Advisory Services Program to provide CPAs, professional accountants and advisory services professionals access to sales and use tax compliance content, educational resources and tools to expand their service offerings.

Congress approved legislation Tuesday intended to spur investment in small businesses and help them access the capital markets, despite criticisms that it would weaken audit safeguards and investor protections.

The Internal Revenue Service has made organizational and administrative changes in the programs governing agreements between large businesses and the IRS over how tax transactions can be reported, particularly for multinational corporations using transfer pricing.

Electronic invoicing network OB10 has released the latest version of its customer portal to offer users improved personalization, self-service support and visibility into the invoicing process.

Bloomberg BNA has published the latest edition of its “Tax Essentials: Individuals” reference as both a printed book and an e-book that can be downloaded from Apple’s iBooks store.

Grant Thornton Names New MP of Tax Services

Online accounting software developer Zoho Books said Tuesday it can now automatically retrieve transactions from users’ bank and credit card accounts and import them into the program.

The Internal Revenue Service said that reporting partnership interests using Form 1065/Schedule K-1 would be optional for tax year 2011.

Senate Republicans are allowing a Democratic bill to go forward that would end tax subsidies for major oil producers.

The U.S. Supreme Court held the first day of a three-day hearing on the constitutionality of the Affordable Care Act, starting with a consideration of whether an 1867 law blocks consideration of taxes that have not yet been imposed.

CPAs on the fly

The Internal Revenue Service’s new database for keeping track of the performance of organizations that provide free tax preparation services to low-income and elderly taxpayers leaves something to be desired, according to a new government report.

Rothstein Kass has added HC Associates LLC to its Business Advisory Services Group.

Cloud-based corporate performance management software provider Host Analytics has launched Host Analytics Business Analytics, a new business intelligence toolkit designed to give finance departments a complete understanding of their business drivers.

After over a week of speculation, Sage partner SWK Technologies has signed a letter of intent to acquire the assets of Hightower Inc., a Chicago-based Sage business and development partner, including Hightower’s customers and all intellectual property.