The Latest

One of my hobbies is my interest in accounting history.

Jeffery Drummonds has been named managing partner of the Top 100 firm LBMC. Drummonds succeeded co-managing partners Mike Cain and David Morgan.

Heads of state meeting at the G7 Summit in Bavaria, Germany committed to promoting automatic exchange of tax information and tax rulings to discourage multinational companies from shifting profits from country to country to avoid taxes.

Trade groups representing the banking, credit union and financial services industry are sounding the alarm over a provision in a bill already passed by the Senate that would require them to report information to the Internal Revenue Service on both interest-bearing and non-interest-bearing accounts.

James Schnurr, chief accountant in charge of the Security and Exchange Commission’s Office of the Chief Accountant, said he disagrees with a former SEC chairman about abandoning convergence with International Financial Reporting Standards.

Most of the time, it seems as if technology moves faster than I’m able to cover it.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Some of our favorite recent tax fraud cases.

The U.S. Bureau of Labor Statistics reported Friday that total nonfarm employment increased last month by 280,000, with job gains mostly occurring in professional and business services, leisure and hospitality, and health care. However, employment in accounting and bookkeeping services declined a bit.

The U.S. Department of Labor proposed new fiduciary rules in April that significantly affect IRA advisors, including accountants who render advice to holders of individual retirement accounts.