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Accounting firm owners and partners who did not get their own tax returns in on time face losing their licenses, being expelled from their professional societies, losing their livelihoods and possibly being imprisoned.

U.K. software company Sage Group Plc has entered into an agreement to sell its Sage Pay business to Elavon Financial Services, in an all-cash deal worth about 232 million pounds ($300 million).

The president urged the court for the second time in as many days to insulate him from an investigation.

The New Jersey Society of CPAs' Launchpad, free for local college and grad students, will debut on Dec. 9, 2019.

The Internal Revenue Service is expanding its efforts to ensure businesses and individuals are paying their taxes, particularly payroll taxes, with in-person visits planned by revenue officers to more parts of the country, starting recently in Wisconsin and later this month Texas and Arkansas.

The Financial Accounting Standards Board officially delayed the effective dates of its accounting standards for leases, credit losses, hedging and long-duration insurance contracts by issuing a pair of accounting standards updates.

The core issue is its potential for exploitation and fraud, according to Prof. J. Edward Ketz.

Democratic representatives are working on legislation that would nearly double the top individual U.S. tax rate on the highest incomes.

The president's attorneys filed a high-stakes appeal that aims to give the president broad immunity from criminal investigations while in office.

AFWA celebrates Member of the Year and President’s Award winner at Women Who Count luncheon; KSCPA announces new board and executive committee members; and more CPA news.