The Latest

The Financial Accounting Standards Board has issued an updated financial instruments standard clarifying how some fair value requirements do not apply to private companies and not-for-profit organizations.

Cherry Hill, N.J., CPA firm Alloy Silverstein celebrated the 10th annual National Wear Red Day for the American Heart Association’s Go Red for Women campaign, donning the color in support of women’s health.

Intacct has revamped its pricing and added several updates to its Accountants Program, all of which are designed with the purpose of making it simpler and more compelling for accountants to join.

The Internal Revenue Service has stepped up its efforts this tax season to combat identity thieves who steal taxpayers’ tax refunds, participating in a nationwide sweep that nabbed 389 identity theft suspects last month alone.

The Internal Revenue Service has extended the deadline for including mandatory language in consent forms that tax preparers are expected to send to clients before disclosing or using their tax return information.

A former Grant Thornton partner has been arrested for stealing nearly $4 million in client payments intended for the firm.

The International Accounting Standards Board and the International Integrated Reporting Council have signed an agreement to develop an integrated corporate reporting framework that includes financial, governance, management commentary and sustainability reporting.

Small business owners are feeling more optimistic as 2013 begins after the Wells Fargo/Gallup Small Business Index dropped to the most pessimistic level in two years in November.

The average paycheck size rose slightly by 0.6 percent in terms of gross pay in January, according to payroll provider SurePayroll, although employees still lost money in their take-home pay from the expiration of the payroll tax cut.

For taxpayers who scrambled to make last-minute gifts at the end of 2012 to take advantage of the gift tax exemption and lower tax rate, it was a good thing to do despite the fact that within 23 hours of year’s end, legislation passed averting the return to the old-law $1 million exemption and 55 percent maximum tax rate.