The Latest

Our monthly collection of statistics from the world of tax.

Private companies in the United States experienced more than 10 percent annual sales growth in the period ended March 2013, slightly above the previous period and similar to the growth rate of one year ago, according to the financial information company Sageworks.

International Federation of Accountants CEO Fayezul Choudhury discusses how IFAC includes accounting organizations covering firms of all sizes, allowing even sole practitioners to stay connected with what's happening with the largest firm networks around the world, in an interview with AccountingToday.com editor-in-chief Michael Cohn.

A federal court in San Francisco has entered an order authorizing the Internal Revenue Service to serve a summons seeking information about U.S. taxpayers who may hold offshore accounts at Canadian Imperial Bank of Commerce FirstCaribbean International Bank, seeking records of FCIB’s U.S. correspondent account at Wells Fargo.

The Bonadio Group has bolstered its internal audit team with the acquisition of Independent Audit Associates, of Rutland, VT. The deal is expected to close on May 1, 2013.

A former Internal Revenue Service agent and manager has pleaded guilty to criminal conflict of interest charges and been convicted after admitting to opening her own tax and accounting business, which earned her $70,000 on the side while working for the IRS.

SAP global channel leader Kevin Gilroy explains how the combination of rapidly evolving technology and an emerging generation of users who embrace innovation are combining to create powerful change.

The announcement of civil and criminal insider trading charges earlier this month against Scott London, a former senior audit partner at KPMG, grabbed business headlines and took the public accounting profession by surprise.

CPA2Biz, the technology subsidiary of the American Institute of CPAs, is adding social CRM provider Avectra to its Trusted Business Advisor Solutions program, with a focus on having the company become the preferred provider of constituent management services to CPA firm clients.

A tax break for executive stock options has saved 280 of the largest corporations an estimated $27.3 billion over the last three years, according to a new report.