The Latest

Six former Internal Revenue Service employees have pleaded guilty to receiving unemployment benefits while they worked at the agency.

Microsoft announced the general availability of Microsoft Dynamics GP 2013 R2.

KPMG International announced the launch of KPMG Insights Labs, a virtual R&D center to serve as a global innovation hub to incubate and develop data-driven business solutions.

KPMG LLP and Rothstein Kass, a leading professional services firm in the hedge fund industry, have entered into an agreement to merge. Terms of the deal are undisclosed and it is expected to wrap up in a few weeks.

Acumatica announced the addition of the Acumatica Cloud xRP Platform to its product line-up.

For tax preparers who were somewhat dismayed by the recent IRS statistics indicating a slight drop-off in the number of taxpayers who were using a professional to prepare their taxes as opposed to do-it-yourself tax software, take heart.

The push for a corporate tax holiday to encourage repatriation of an estimated $2.1 trillion in foreign profits seems to have gained traction again, thanks to a recent proposal from former President Bill Clinton, but such an idea could provide multinational companies with the incentive for earnings manipulation, according to a new study.

The IRS has issued a pair of one-page electronic publications containing information for individuals and families about the Affordable Care Act.

Camico, a major liability insurance provider for CPA firms, said Thursday it had posted its fourth consecutive year of gains in 2013, earning net income of $1.2 million and a policyholders’ surplus of $38.5 million, up from $38.2 million in 2012.

(Bloomberg) The U.S. House Ways and Means Committee voted to let companies write off more than half the cost of some investments immediately, providing a $287 billion tax cut to capital-intensive industries.