The Latest

The American Institute of CPAs has sent a comment letter to the Internal Revenue Service and the Treasury Department recommending that S corporations be entitled to the same tax deductions as C corporations when it comes to worthless stocks.

PricewaterhouseCoopers has released a useful report demonstrating the many differences that remain between U.S. GAAP and International Financial Reporting Standards.

Portsmouth, N.H.-based Albert Stowe CPA PLLC will be joining Baker Newman Noyes, one of the top five firms in New England, as of Nov. 1, 2015.

An auditor’s mindset distinguishes a great accountant from an average one. The mindset involves really looking at items and not just checking them off. Believe it or not, I developed this by watching ballet.

Victims of the July extreme weather in parts of Kentucky may qualify for tax relief from the IRS.

As an accountant for a public company, you’ve always dreaded this situation. You are going about your day-to-day duties in finance and stumble upon a problem with your employer’s accounting—a serious problem.

I’m a Payroll Betty and I’m proud. What does that mean exactly? It means I’ve built my firm with payroll. The result has been very rewarding. However, not surprisingly, I’ve run into an accountant or two that looks down on payroll. They don’t want to be bothered with such “low level” work. Not me; I love payroll.

Xero and Shopify announced an integrated solution streamlining commerce and accounting processes, enabling Shopify merchants to track their business financials using Xero.

The Public Company Accounting Oversight Board has entered into a cooperative arrangement with Luxembourg’s audit regulator, the Commission de Surveillance du Secteur Financier of Luxembourg, relating to the oversight of audit firms subject to the regulatory jurisdictions of both regulators.

Ken Crutchfield of Bloomberg BNA discusses how accountants can trace the sources of data they have to analyze and manage it better, in an interview with Accounting Today editor-in-chief Dan Hood.