The Latest

CountUp, an on-demand CPA marketplace that provides cloud practice management tools, announced the launch of its online marketplace.

About 6.6 million U.S. taxpayers paid a penalty imposed for the first time this year for not having health insurance, about 10 percent more than the Obama administration had estimated—though a portion didn’t need to.

A new government report urges the Internal Revenue Service to do a better job of educating and notifying taxpayers about provisions of the tax code requiring them to begin taking minimum distributions from their Individual Retirement Arrangements when they reach a certain age, but the IRS responded that it lacks enough money in its budget to do so.

Millennials are seeing gains in wage and employment growth, according to new data from payroll giant ADP that also found significant gains among older workers who delay retirement.

Baker Newman Noyes, one of the nation's top 125 accounting firms, recently hosted 17 college students in Portland, ME for a unique three-day internship. The program was designed for students to gain insight into what a career in public accounting entails and to experience the firm's culture and atmosphere hands-on.

More than 300,000 taxpayers overpaid the Individual Shared Responsibility Payment for health insurance on their tax returns processed through the end of April, according to a new report from the National Taxpayer Advocate.

The AICPA will release the next quarterly results of the AICPA PFSi (Personal Financial Satisfaction Index),the economic gauge that measures the personal financial standing of typical Americans, at 7:00 a.m. EDT, Thursday, July 16.

The U.S., Japan and Europe are being accused of blocking developing countries from participating in efforts to combat international tax evasion.

Republican presidential candidate Rand Paul sued the Treasury Department and Internal Revenue Service over rules on how Americans abroad are taxed and what foreign banks must disclose about U.S. customers.

Optimism about the nation’s economic outlook among U.S. business leaders rose in the second quarter of the year, according to the Grant Thornton International Business Report.