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While Europe and global financial markets are consumed by the prospect of Brexit, business rolls on in Brussels.

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

Princeton, N.J.-based Top 100 Firm WithumSmith+Brown has struck a deal to become a NetSuite solution provider.

The Financial Accounting Standards Board issued Thursday its long awaited accounting standards update for credit losses, part of the convergence project on financial instruments that it has been working on with the International Accounting Standards Board for eight years.

Judge Jed Rakoff told attendees at the Association of Certified Fraud Examiners' Annual Global Fraud Conference in Las Vegas that prosecutors are falling short on prosecuting fraud.

Payments that a business makes are generally deductible if they are “ordinary and necessary” under Internal Revenue Service regulations unless, that is, they are specifically denied deductibility.

Kansas City accounting and consulting firm MarksNelson announced that their firm will once again see its professionals participate in their annual “Volunteer Day” this Thursday, June 16, working with eight Kansas City nonprofit organizations. More than 130 staff members will "paint, clean, sort food and do yardwork," per a firm statement.

A House committee voted Wednesday to censure Internal Revenue Service Commissioner John Koskinen over Republican claims that he obstructed an investigation into whether his agency targeted conservative groups seeking tax-exempt status.

The cost of compliance with the ever-growing Tax Code costs U.S. taxpayers a total of 8.9 billion hours and $409 billion, according to new research.

Developing trust is complicated, but trust is the ultimate competitive advantage for winning and retaining clients.