The Latest

The Internal Revenue Service told its employees and the union representing them Tuesday that it has taken various budget-related steps that will enable the IRS it to cancel the next planned unpaid furlough day for employees on Monday, July 22.

Nearly two-thirds of accounting professionals in a new poll believe the Affordable Care Act will make it less likely for businesses to hire new employees in the next year.

The American Institute of CPAs has announced the 38 members of the 2013 class of its 5th annual Leadership Academy.

The American Institute of CPAs has written a letter to members of Congress to support legislation that would block the U.S. Department of Labor’s 2010 proposal to change its definition of fiduciary under the Employee Retirement Income Security Act of 1974 to include appraisers of employee stock ownership plans.

Sen. Chuck Grassley, R-Iowa, the former chairman of the Senate Finance Committee, is looking into findings from the Treasury Inspector General for Tax Administration that the confidential tax records of political donors or candidates have been inappropriately accessed or disclosed in several instances since 2006 and why the Justice Department has declined to prosecute the perpetrators.

Carolyn Mazzenga, partner-in-charge of the High-Net Worth Individual Group at Marcum, sat down with Accounting Today managing editor Tamika Cody to discuss who should take responsibility for the lack of female leaders in the accounting profession.

The cost of the transition to International Financial Reporting Standards was significant for many companies, but generally around the same amount they had budgeted or less than they expected, according to a new study.

Travel and expense management software provider Certify has released the latest report on the top expenses of corporate travelers and where they prefer to do business.

With the formal release of the 2013 AICPA Guide, Valuation of Privately-Held Company Equity Securities Issued as Compensation, there are two valuation concepts that are new to the updated guide, but are already in fairly wide use.

Sales tax and compliance automation service Avalara has formed a strategic alliance with AGN International-North America Inc. which will enable firms to access sales and use tax (SUT) and value added tax (VAT) information and related resources.