The Latest

The Federal Accounting Standards Advisory Board is proposing changes in how the federal government accounts for tax expenditures.

Forget about Yul Brynner, Steve McQueen, Charles Bronson, James Coburn, Robert Vaughn, Horst Buchholz and Brad Dexter. Accountants need a “Magnificent Seven” set of attributes to survive in today’s business environment, according to new research from the Association of Chartered Certified Accountants.

In the 2010 movie Robin Hood, a leather-clad Russell Crowe clashes with King John, whose harsh taxes displeased England’s medieval knights and barons. Now the makers of the film have accused Britain’s modern tax collectors of abusing their power by unfairly targeting its stars, including Crowe.

Every state or municipal government will eventually face the question of whether to raise taxes. Since the era of George H.W. Bush, officials answer increasingly "No."

Moss Adams LLP has agreed to combine with Morse Wittwer Sampson LLP, a firm based in Fresno, Calif., effective June 30, 2016.

Kessler Orlean Silver & Co., has merged in The Kaplan Partners LLP of Chicago, effective June 1.

Employers added a disappointing 38,000 jobs in May, the U.S. Bureau of Labor Statistics reported Friday, including 5,400 in accounting and bookkeeping services, although the unemployment rate declined three-tenths of a percentage point to 4.7 percent.

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

The average length of time between a new computer being hooked up to the Internet and its being targeted by hackers is six minutes, experts warn -- so it’s critical to establish a defense in depth against cyber-invasion.

Stephen Chipman, the former CEO of Grant Thornton LLP, has become CEO of Radius, a provider of international accounting, finance, banking, tax, HR, legal and compliance support for global companies, based in Boston.