The precision frontier in collider physics is being pushed at impressive speed, from both the experimental and the theoretical side. The aim of this review is to give an overview of recent developments in precision calculations within the Standard Model of particle physics, in particular in the Higgs sector. While the first part focuses on phenomenological results, the second part reviews some of the techniques which allowed the rapid progress in the field of precision calculations. The focus is on analytic and semi-numerical techniques for multi-loop amplitudes, however fully numerical methods as well as subtraction schemes for infrared divergent real radiation beyond NLO are also briefly described.