Ever since we launched a redesigned Web site in late April, we’ve been eager to add new features and we can finally roll out the first major one.

Sen. Charles Grassley, R-Iowa, has introduced a bill to lower the tax burden on small businesses.

CCH said it is supporting the new FASB Accounting Standards Codification in its CCH Accounting Research Manager service.

Brown Smith Wallace said it has successfully completed all of its peer review examinations and received the best possible rating for its third consecutive review.

The Financial Accounting Standards Board has officially launched its FASB Accounting Standards Codification, an online interactive research tool that will serve as the single source of authoritative nongovernmental U.S. generally accepted accounting principles.

The Obama administration has sent legislation to Capitol Hill to create a new Consumer Financial Protection Agency.

The Private Company Financial Reporting Committee met to discuss topics ranging from revenue recognition to FIN 48-d and loan-loss contingencies.

Financial Accounting Standards Board Chairman Robert Herz refuses to accept the inevitability of another financial system collapse.

Proposed legislation would make it easier for small businesses to qualify for the home office tax deduction.

The Financial Accounting Standards Board has proposed a new standard for disclosures about the credit quality of financing receivables and the allowance for credit losses.

A study by KPMG found that goodwill impairments more than doubled during 2008 from 2007 levels at a cross-section of U.S.-based public companies.

Now that the largest public companies in the U.S. are scheduled to begin filing their financial statements using Extensible Business Reporting Language data-tagging technology this year, financial regulators are weighing additional areas to leverage the technology, said industry representatives at an XBRL International Conference in Paris.

Credit-rating agency Fitch Ratings said in a new report that it does not expect FASB’s recent amendments to off-balance-sheet accounting standards to result in negative rating actions, but it believes there will be challenges for issuers and analysts in transitioning to the new standards.

Nine trade groups representing the financial, insurance, banking, real estate and other industries have united to create a coalition with the goal of influencing accounting standard-setters who are working on revising the rules for financial instruments.

New York’s new accountancy reform law, which goes into effect July 26, 2009, broadens the definition of the scope of practice of public accountancy to include all professional services provided by a CPA.

A new study of accounting-related fraud in Western Europe has found substantial differences in the approach taken to International Financial Reporting Standards by different countries and companies.

The Small Business Administration has begun offering interest-free loans of up to $35,000 to small businesses through SBA-approved lenders.

The Ohio Society of CPAs has launched a free online job-listing service to connect businesses with contract CPAs during the recession.

The Financial Accounting Standards Board plans to provide two different views of its new online FASB Accounting Standards Codification when it launches July 1.

The Financial Accounting Standards Board has issued new standards aimed at fixing the way banks account for securitizations and off-balance-sheet special-purpose entities.