The Governmental Accounting Standards Board has proposed new guidance to clarify debt-related disclosures in notes to financial statements, including disclosures pertaining to direct borrowings and direct placements, for state and local governments.

Melanson Heath, a New England regional CPA firm, has added LaPointe, Torrisi, Stanley & Co., PC and LTS’s affiliate J.C. Driscoll & Co., CPAs, LLC, effective July 1.

Sen. Elizabeth Warren, D-Mass., and three other Senate Democrats are asking the Federal Trade Commission for a government review of the private companies that have been contracted by the Internal Revenue Service to help collect overdue tax debts.

The firm’s gift represented a top 25 donation made to the food bank’s “Skip Lunch Fight Hunger” campaign.

Senate Republican leaders’ new plan wouldn’t eliminate the Net Investment Income Tax and the Additional Medicare Tax.

The search giant won its fight against a 1.12 billion-euro tax bill after judges rejected claims it abused loopholes to avoid paying its fair share.

The president’s plan would mostly benefit the highest-income taxpayers, according to the Tax Policy Center.

Some lawmakers threaten to vote against a deal unless it lays out the specific rate for corporations.

TNT blows up; HUD time; an $18 million employment tax scheme; and other highlights of recent tax cases.

The Mass. firm helped clean the grounds of the YMCA in Plymouth.