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In a rare sign of bipartisanship, Congressional Republicans and Democrats are moving forward with a group of jobs bills with bipartisan support, aimed at improving capital formation for small businesses and spurring the growth of startups.

The New York City Department of Consumer Affairs conducted a two-week-long enforcement sweep of tax preparers across the city and issued violations to one out of every three preparers it inspected, mainly for violating laws governing refund anticipation loans and disclosure of their true qualifications and fees.

The Internal Revenue Service disallowed nearly $1.6 billion in erroneous First-Time Homebuyer Tax Credits, but could have flagged even more, according to a new government report.

Sousley Named a Partner at Seim Johnson

XBRL-based collaborative data product provider Calcbench has won the $20,000 grand prize for the XBRL Challenge, a contest for developers to build the most inventive and useful application leveraging XBRL-formatted data from the Securities and Exchange Commission’s EDGAR database.

Cloud-based accounts payable and receivable system Bill.com has added to its offerings with the release of CashView, a cash flow management system designed to provide organizations with strategic insight and control over their finances.

CPA and business advisory firms Bartolomei Pucciarelli and Ballezzi & Associates have merged, effective immediately.

With concerns mounting over the upcoming Presidential election and the Eurozone crisis, CFOs are tempering their optimism about economic growth and relying more on temporary employees in their hiring plans.

Now that the payroll tax cut extension is safely out of the way, the latest tax legislation gambit in Congress appears to be a tongue-in-cheek effort to provide an annual $250 tax deduction for people with mustaches.

The American Institute of CPAs told the Internal Revenue Service Oversight Board at a hearing Tuesday that the IRS needs to improve its correspondence audit program to lessen the burden on taxpayers.

Less than a week after calling off a planned merger with Eide Bailly, Wipfli said Tuesday that the partners and associates of Wisconsin-based Tobin & Associates have joined the firm.

The Securities and Exchange Commission has proposed new rules aimed at safeguarding investors from identity theft by requiring broker-dealers, mutual funds and other SEC-regulated entities create programs to detect and respond to “red flags” indicating possible identity theft.

The Financial Crimes Enforcement Network is allowing some extensions and exemptions to its new requirements that all FineCEN reports be filed electronically starting July 1, 2012, while pushing back the requirement for mandatory e-filing of FBAR reports until June 30, 2013.

Business process automation software maker Aestiva has released a new system to manage time tracking, expense tracking and the invoicing process for professional organizations and professionals who bill clients for professional services.

The Public Company Accounting Oversight Board voted Tuesday to issue for public comment a proposed auditing standard on related-party transactions, and to amend standards on significant unusual transactions and auditors of broker-dealers.

The Big Four global audit firms, which dominate the Chinese market, are negotiating with Beijing to lessen the impact of forced changes that could mean only accountants with Chinese qualifications can be partners in their audit practices.

Forensic accountants must perform their services with the utmost professionalism, whether they have been hired by a trustee to assist in the preservation of the remaining assets of a bankruptcy estate, or by a receiver to investigate potential financial malfeasance on behalf of a debtor company.

The Internal Revenue Service is taking steps to discourage tax preparers and other taxpayer representatives from dropping off completed tax returns at its local Taxpayer Assistance Centers instead of mailing or electronically filing them.

Boomer Consulting and Engineered Tax Services have teamed up to introduce The Specialty Tax Circle to help firms improve their growth and profitability by leveraging specialty tax services.

CCH plans to introduce a new Open Integration Platform to enable customers and outside vendors to integrate their applications and customized software with CCH’s cloud system.