The Latest

The International Federation of Accountants has received £4.935 million ($8.256 million) in funding from the United Kingdom’s Department for International Development, or DFID, for the purpose of strengthening professional accountancy organizations around the world.

Accountants who meet with business clients to deliver tax returns during busy season are understandably pressed for time and attention. These brief meetings, however, are an important part of developing and cementing your role as a trusted advisor, and they can pave the way for cross-selling additional services to existing clients.

As soon I finish this blog post, I will begin and complete working on my “favorite” 1040.

Transition Advisors president Joel Sinkin talks about what firms should do after a merger to retain their clients and staff members, in an interview with Accounting Today editor-in-chief Daniel Hood.

The House Ways and Means Committee held a hearing last week to discuss the perennial issue of the tax extenders, the temporary tax provisions that expire year after year and are usually renewed.

The Governmental Accounting Standards Board has issued a concepts statement that will guide GASB in establishing accounting and financial reporting standards for U.S. state and local governments regarding the measurement of assets and liabilities.

As the political fight over raising taxes for high-income Americans fades away, so are predictions for negative economic fallout.

President Barack Obama and his wife, Michelle, reported adjusted gross income of $481,098 for 2013, down 21 percent from last year, according to tax returns released yesterday by the White House.

Sageworks has made major user interface and customization enhancements to its ProfitCents online financial analysis software for accountants and business consultants.

Taxware announced the acquisition of VAT Resource, The Netherlands-based independent VAT technology, consulting and compliance outsourcing company.