The Latest

On Wednesday, the AICPA announced the agenda for the 2015 E.D.G.E. Conference. Now in its fifth year, the conference serves as the official conference for young CPAs. This year’s conference will be held in San Antonio from August 5 – 7.

The House Appropriations Committee adopted a fiscal year 2016 budget proposal that would provide the Internal Revenue Service with a budget of $10.1 billion—$838 million less than the current level and $2.8 billion below the Obama administration’s FY16 proposal.

A New Jersey tax preparer was convicted of tax fraud for getting unearned tax refunds for his clients to make extra money for himself.

How much time does it take to be an effective managing partner? Most CPA firm partners ask the question a bit differently. It goes something like: “We have X amount of revenue and Y number of partners, so how many chargeable hours should our managing partner have compared to the other partners?”

Microsoft announced a new leadership structure and strategy Wednesday that includes the departure of four top executives, the movement of Dynamics development teams to the Cloud and Enterprise group, and the creation of a new group combining its Windows and device businesses.

Top 100 firm WithumSmith+Brown’s partner, Edward Mendlowitz, came up with the idea to highlight accountants on trading cards, just like the ones you swapped out and played with as a kid when baseball cards were a thing. They teamed up with The Topps Company, Inc. to create a series of accounting trading cards commemorating accountants from the past.

A series of budget cuts at the Internal Revenue Service have led to declines in taxpayer service, case closures and dollars collected from delinquent taxpayers, according to a new government report.

The Centers for Medicare and Medicaid Services’ internal controls did not effectively ensure the accuracy of nearly $2.8 billion in financial assistance payments to insurance companies under the Affordable Care Act during the first four months that the payments were made, according to a new government report.

The Association for Accounting Marketing (AAM) and Hinge Research Institute have again released their research study examining marketing spending for accounting firms, the two announced on Monday. The second "Marketing Budget Benchmark Study" compared marketing spending against organic growth in 67 firms. Researchers focused on contrasting the marketing strategies of High-Growth firms (the fastest growing 20% among the sample) and Low-Growth firms (the slowest growing 20%).

It’s one of the sweetest employee perks in the hedge-fund world: a chance to invest in Medallion, the wildly profitable fund created by market legend James Simons.