The Latest

The International Accounting Standards Board said Thursday that its staff will develop guidance to help “micro-sized entities” apply International Financial Reporting Standards for Small and Medium-sized Entities.

The Internal Revenue Service issued two revenue procedures Thursday requiring reporting agents who remit taxes on behalf of clients to use electronic systems.

Elizabeth Hugh selected as the firm’s first chief operating officer

The Governmental Accounting Standards Board has issued an updated guide to help people better understand the financial statements of state and local governments.

The Treasury Department released a model intergovernmental agreement Thursday for implementing the Foreign Account Tax Compliance Act, developed in consultation with France, Germany, Italy, Spain and the United Kingdom.

Democrats on the House Ways and Means Committee introduced two pieces of legislation Thursday to provide tax credits for clean energy manufacturing and renew the Build America Bonds program.

An Oregon woman who claimed a $2.1 million tax refund and received it from the state has been sentenced to five and a half years in prison, but she’s not the only one in trouble.

I can’t think of a business in America that welcomes an IRS audit with open arms; for most, it is a highly stressful and worrisome time.

The Senate voted mostly along party to pass a Democratic bill to extend the Bush tax cuts for household incomes below $250,000 a year after rejecting a Republican bill to extend them for taxpayers at all income levels.

Staffing service Office Team identified five types of workplace "competitors" that take it too far and offered tips for working with them effectively.