The Latest

Accounting firms have frequently found themselves in the cross-hairs of class-action lawsuits filed by shareholders over their audits of public companies, but that trend may be changing.

President Barack Obama summoned congressional leaders to a White House meeting three days before a year-end deadline to avoid $600 billion in spending cuts and tax increases as lawmakers gave little sign they intend to act together on a budget plan.

Being a CPA for a small business is harder now than ever. I hear plenty of stories from CPAs about how small business owners are suddenly turning to them for business advice, rather than just financial help.

A variety of tax breaks are due to expire at the end of 2012 (or have already expired at the end of 2011) unless Congress and the Obama administration manage to agree on a deal to extend the current tax rates and avert the fiscal cliff. Here's a sampling of some of the most notable tax breaks before they're going, going, gone.

Actress Lindsay Lohan has paid off nearly half her tax debts, thanks to financial assistance from fellow actor Charlie Sheen, prompting the IRS to release her from a tax lien after seizing her bank account.

The Internal Revenue Service has finalized its regulations regarding how tax preparers can use and disclose the information on their clients’ tax returns.

A new Web site aims to help small business owners and their accountants deal with the increased burdens of Form 1099 filing by preparing and filing the forms online.

New hires, promotions and more

Transitioning clients is often something we don’t talk about unless we have to.

Fiscal Cliff Estimator, community service, new studies, Web sites and more