The Latest

The House of Representatives has voted to revive dozens of lapsed U.S. tax breaks only for 2014 and the Senate now looks likely to follow suit within days.

Whitman currently holds the role of office managing partner of Detroit. He succeeds Timothy Christen and will step into his new role in June 2016.

The AICPA has announced that five students transitioning from community colleges to four-year universities have been awarded the inaugural AICPA Foundation Two Year Transfer Scholarship. Funded by the AICPA Foundation, the awarded students have earned an associate’s degree in business, accounting, finance or economics with a declared intent to major in accounting at a four-year college or university and will receive $1,000 towards their tuition for the 2014-2015 school year.

The House of Representatives voted to revive dozens of lapsed U.S. tax breaks for this year and set them to expire again on Dec. 31.

Hackers who broke into Sony Pictures’ network and stole movies that they uploaded to the Internet have also uploaded a spreadsheet from a former Deloitte employee containing salary information on more than 30,000 employees at Deloitte.

Accounting firm Marcum LLP has released its annual Year-End Tax Guide for the national accounting and advisory firm’s clients and others.

Sustainability, eco-friendly business models, and the continuing integration of environmental matters into business operations is a hot topic of conversation and debate in business media.

Richard Allaway, vice president and general manager of ADP Payroll for Partners, discusses trends from the Accountants Confidence Index, including how accounting firms are maximizing revenue, dealing with hiring and staffing, and ensuring information security, in an interview with Accounting Today editor-in-chief Daniel Hood.

Baker Tilly Virchow Krause has elected Alan Whitman to serve as CEO upon the completion of Timothy Christen’s term in June 2016.

U.S. companies that have already carried out inversions are likely to cost the government a record $2.2 billion or more in lost tax revenue next year, double the amount in 2014, according to calculations based on companies’ financial results.