The Latest

Senate Finance Committee chairman Orrin Hatch, R-Utah, sent a letter Tuesday to Internal Revenue Service commissioner John Koskinen questioning the agency’s expenditures on office furniture, toys and surveys at a time when the IRS chief has been complaining about budget cuts at the hands of Congress.

The nonprofit organization Tax Analysts has created an interactive bar graph of audit rates to provide information on the chances of being audited by the Internal Revenue Service depending on different business types and individual income levels.

The Kansas City chapter of Financial Executives International (FEI Kansas City) today announced four winners of its 2015 Academic Awards for outstanding students in Finance and Accounting, plus one Legacy Academic Award to an outstanding student who is the daughter of an FEI Kansas City member.

Quite often, firms simply don’t know which engagements, service lines or clients are truly the most profitable.

The International Ethics Standards Board for Accountants has revised its ethics code to improve the independence provisions for auditors.

SAP released a new SAP Revenue Accounting and Reporting application to address requirements derived from the new revenue accounting standards.

MapLight, a nonpartisan research organization that tracks money's influence on politics, has released a new analysis of how major tax and accounting organizations are spending funds on lobbying Congress and federal agencies.

Main Street Solutions has introduced ClientLink Pro, cloud-based software that allows accountants and tax professionals to share documents and collaborate with clients.

The Pennsylvania Institute of Certified Public Accountants (PICPA) recently held a roundtable with Philadelphia firms on the issue of diversity, according to a press release. April marks "Celebrate Diversity Month," but the roundtable marked just another effort from PICPA to promote positive change in the profession.

Every year, millions of taxpayers miss out on chances to lower their tax bills. They miss deductions or don’t exploit tax breaks designed to lower the costs of education, retirement, and health care.