The Latest

Nine accounting firms made the 2013 list of Working Mother 100 Best Companies, recognizing organizations with family-friendly benefits and flexible cultures.

In a new ruling, the Tax Court has held that accounts receivable constituted related party debt under Code section 965(b)(3), and therefore part of the deduction claimed by the taxpayer, BMC Software, Inc., was disallowed.

Consultant and author Gale Crosley is the 2014 recipient of The Advisory Board’s Hall of Fame Award in recognition of her significant contributions to the accounting profession.

In response to a recent government report, the IRS will be improving its procedure for determining and enforcing penalties on paid tax preparers.

A former Commerzbank AG and Societe Generale SA banker admitted in a U.S. court to aiding Olympus Corp.’s $1.7 billion accounting fraud.

(Bloomberg) H. Ty Warner, the creator of Beanie Babies plush toys, was charged with tax evasion for failing to report $3.2 million in income on a secret Swiss bank account that held as much as $93.6 million in assets, and will pay over $50 million in penalties for failing to file an FBAR.

Marcum Financial Services LLC, the investment advisory affiliate of the accounting firm Marcum LLP, has named Lisa Marino as vice president of wealth protection and insurance advisory services.

May I ask you a personal question? Do you feel like your job description is “last-minute issue tackler”? You are not alone.

The Internal Revenue Service has completed work on 91 of 132 applications for tax-exempt status from politically oriented groups and approved 70 of them, the agency’s acting commissioner said.

Grant Thornton is one of the many firms and organizations weighing in on the lease accounting changes proposed by the Financial Accounting Standards Board and the International Accounting Standards Board, which would add leases to corporate balance sheets around the world for the first time.