The Latest

The Internal Revenue Service’s audits of business tax returns have declined steeply in recent years, thanks to successive rounds of budget cuts, according to a new analysis.

Jody Padar, principal of New Vision CPA Group and author of The Radical CPA: New Rules for the Future-Ready Firm, will be partnering with Donal de Paor and Veltig - the salesforce solution consulting and implementation partner - to support the launch of Sage Live in Chicago, the two announced on Wednesday.

Greatland Corporation has compiled a list of misconceptions when it comes to tax-reporting requirements. Failing to understand the real truth behind these myths can cost a business extra money to file again or, even worse, to pay steep fines if reporting is not done in compliance with regulations.

Clayton & McKervey, Detroit-area CPA and advisory firm, is mourning the loss of its president, Kevin McKervey, who died Sunday at the age of 61.

The Public Company Accounting Oversight Board announced settled disciplinary orders Tuesday sanctioning five audit firms for violating independence requirements in connection with audits of brokers and dealers.

Lee Klumpp of BDO USA discusses in this video the likely timing of FASB's proposed nonprofit accounting standards and how accountants and their clients can get ready for them.

Bloomberg BNA has upgraded its BNA State Tax Analyzer with a new NOL Manager function that predicts and analyzes the financial impact of state net operating losses on a business’s cash, effective tax rate and earnings per share.

Most clients who utilize accounting firms to prepare their tax returns make charitable contributions. Many do so in a tax-efficient manner by donating appreciated securities directly to charities or utilizing donor-advised funds through which they make their grants.

The AICPA requested on Monday that the IRS extend the deadline for submitting comments on Notice 2016-23, which requests responses to a series of specific questions related to the new centralized partnership audit regime established by the Bipartisan Budget Act of 2015, P.L. 114-74.

WalletHub has released its annual report on the states with the highest and lowest tax rates in the country.