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The Obama administration released its fiscal year 2017 budget containing a number of tax increases on high-income taxpayers, oil and foreign income, along with tax breaks for the middle class and small businesses, plus a provision giving the Treasury Department the explicit authority to regulate all paid tax preparers.

Xero announced an integration with Microsoft Power BI that enables customers to access and analyze information from Xero and other sources in Microsoft Office 365.

Progressive accounting firms seek consulting opportunities so their firms can take advantage of more lucrative advisory service offerings.

If you’ve been watching the industry news lately, a handful of firms have adopted an everyday-jeans policy. Essentially, in many cases these policies are worded to say as long as you don’t have a client meeting, you are free to wear jeans in the office every day of the week. It sounds reasonable...

The Securities and Exchange Commission said Tuesday that St. Louis-based agribusiness Monsanto Company has agreed to pay an $80 million penalty and retain an independent compliance consultant to settle charges that it violated accounting rules and misstated company earnings pertaining to its flagship product Roundup.

Some partners in hedge funds, private-equity firms and other businesses organized as so-called pass-throughs would pay a 3.8 percent income tax under President Barack Obama’s 2017 budget request.

Nonprofit accounting software developer Aplos has raised $4 million in a Series A round of funding from San Joaquin Capital, a new venture capital firm that specializes in financing technology companies in California’s Central Valley.

A former Internal Revenue Service revenue agent is facing trial this week for soliciting and receiving a bribe from the owner of a Seattle marijuana dispensary.

The Internal Revenue Service has issued inflation adjustments for several tax breaks involving schoolteacher expenses, transit fringe benefits and Section 179 expensing of certain depreciable assets.

Morison International and KS International have merged to form a $1 billion international association of accounting and professional services firms to be known as Morison KSi.