The Latest

The Securities and Exchange Commission has passed along a request to the Financial Accounting Standards Board that it consider making changes in how to account for derivatives contracts designated as hedging instruments.

The Senate Finance Committee held a hearing Tuesday to examine the impact of tax reform on Native American tribes and U.S. territories such as Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa and the Northern Mariana Islands.

NetSuite chief executive Zach Nelson wasted no time during his opening keynote address at the SuiteWorld partner and user conference Tuesday in announcing four large distribution partners—three of which are accounting firms—and added functionality to the cloud-based ERP and eCommerce platform.

A slight majority of 53 percent of senior finance executives plan to increase headcount over the next 12 months, with a focus on acquiring specialized skills and expertise, according to a new survey.

The American Institute of CPAs has introduced a Web-based calculator to help individuals estimate the total amount of taxes they pay every year for the most common federal, state and local taxes.

ParenteBeard has reorganized its nonprofit consulting affiliate Dewey & Kaye, further integrating it into the accounting firm.

The owner of a Los Angeles tax preparation service has been sentenced to 15 months in prison for promoting a $1.5 million fraudulent tax loss scheme.

The RATE Coalition has been lobbying for a lower corporate tax rate and has released a new report pointing out that there is a growing bipartisan consensus in Washington to lower the rate from its current high of 35 percent.

The Supreme Court has handed down a decision in favor of the Internal Revenue Service collecting capital gains taxes from a couple who sold their family farm during bankruptcy.

Some clever digital office strategies for e-mail and the like have turned on their users.