The Latest

Over the years there has been no lack of TV series about the legal and medical professions, but for some reason the accounting profession has received relatively little attention. We think that should change and we have a few suggestions.

More than 80 percent of large corporations have been offered incentives by a state or local economic official for a new development or corporate relocation, according to a new study by Bloomberg BNA.

No doubt there are many fans of science fiction and fantasy among accountants, but what’s surprising is how many accountant characters there are in the genre.

The Financial Accounting Standards Board has voted to defer the effective date of the revenue recognition standard for one year.

KPMG has entered into an agreement with Towers Watson, a talent and human capital professional services organization, to acquire the company's Human Resources Service Delivery practice.

Senate Democrats have introduced legislation to make the Tax Code gender neutral in the wake of the Supreme Court’s ruling last month extending same-sex marriages to every state.

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

The Internal Revenue Service and the Treasury Department plan to amend the required minimum distribution regulations under Section 401(a)(9) of the tax code to address the use of lump sum payments to replace annuity payments being paid by a qualified defined benefit pension plan.

The IRS’s Taxpayer Advocate Service has developed several online tools to help taxpayers and employers estimate their tax credits and payments related to the Affordable Care Act.

The Public Company Accounting Oversight Board has sanctioned seven audit firms for violating independence requirements in connection with audits of brokers and dealers, and sanctioned engagement partners at two of the firms for causing the violations.