The Latest

Eleven years ago, eliminating income taxes for low-income Americans was an applause line for a Republican president. Mitt Romney in 2012 sees the number of people paying nothing as a political problem.

Politicians and policy makers always seem to be talking about “broadening the tax base” and “eliminating tax loopholes,” but rarely do we hear specifics.

Top 100 accounting and business consulting firm Moss Adams announced Chris Schmidt as its next chairman and chief executive officer and Dick Fohn as president and chief operating officer in a planned transition that will take effect in the first half of 2013.

Intuit has confirmed that its QuickBooks Online has gone global through multi-language and multi-currency features that will allow businesses and accounting firms in any country to utilize the product.

CPAs from Melville, N.Y.-based accounting firm Nussbaum Yates Berg Klein & Wolpow recently spruced up their weekly visits to scoop out ice cream for patients of the Alexandra Cohen Children’s Medical Center on Long Island with a brand-new ice cream cart.

Working Mother released its list of the 100 Best Companies to Work For, and a number of large accounting firms ranked within the Top Ten.

Taxpayers involved in correspondence audits will derive numerous benefits from a new telephone system now in use by the Internal Revenue Service, according to a new study by the Treasury Inspector General for Tax Administration.

The Committee of Sponsoring Organizations of the Treadway Commission has released an exposure draft of its Internal Control over External Financial Reporting: Compendium of Approaches and Examples.

Feeley & Driscoll PC recently added Christopher Previte and Erik Lynch as its newest shareholders.

Donna Guerin, 52, of Elmhurst, Ill., has pled guilty to conspiracy and tax evasion charges stemming from her work in fraudulent tax shelters that allowed her clients to claim billions in tax losses.