The Latest

NetSuite has entered an agreement to acquire Bronto Software in a cash and equity transaction valued at $200 million.

Sam’s Club, the membership warehouse club owned by Wal-Mart, is teaming up with a New York City-based accounting firm known as 1-800Accountant to offer accounting and tax services that can be accessed via mobile devices such as smartphones and tablets.

Rep. Bonnie Watson Coleman, D-N.J., has introduced legislation that would provide relief to low-income and economically vulnerable Americans who would otherwise be subject to wage garnishments by the Internal Revenue Service.

Hedge fund managers including billionaire John Paulson won’t immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now.

Now that busy season for many accounting firms is drawing to a close, more attention turns to expanding business and developing new business. While every firm has a different way of tracking growth and revenue, BKR International reminds firms of four growth benchmarks to pursue and track consistently to stay in front of your best business opportunities.

Highlights of some of our favorite tax-related blogs from the past week.

Forward-thinking organizations are increasingly implementing hotlines. But because this best practice is so new to most, few know how to successfully do so. This article provides practical insights on doing so, including how to gain support from those who are resistant to change.

Marc Rosenberg of Rosenberg Associates talks with Accounting Today editor-in-chief Dan Hood about training new staff members on how the firm works.

The American Institute of CPAs recommended to the Internal Revenue Service that the de minimis safe harbor threshold amount under the tangible property regulations for small business taxpayers without an applicable financial statement be increased from $500 to $2,500.

The Financial Accounting Standards Board has issued a proposed accounting standards update to improve the information provided in not-for-profit financial statements and notes to financial statements that could have major implications for nonprofit organizations.