The Latest

Looking to increase your business leads? Who isn’t? The best kind of lead is one that comes through a referral. While accountants always welcome referrals, they don’t always actively work to get them.

The House held a hearing Wednesday on the use of tax-advantaged health insurance accounts such as flexible spending accounts and health savings accounts for purchasing over-the-counter medications in the wake of the health care reform law.

The Supreme Court ruled in favor of a company in a significant tax-related ruling that limited the ability of the Internal Revenue Service to pursue taxpayers over tax shelter cases for more than three years, as opposed to six.

Hans Hoogervorst, chairman of the International Accounting Standards Board, said Wednesday that he believes Extensible Business Reporting Language, or XBRL, has “the potential to improve the effectiveness of financial reporting.”

Lawson Carmichael has joined the American Institute of CPAs as senior vice president for strategy, people and innovation.

Over 37 percent of auditors expect to find fraud at their own clients this year, according to a new survey.

The Senate Finance Committee held a hearing Monday on tax reform and its impact on state and local tax and fiscal policy.

Hats off to the talented (and brave) soul at the Congressional Budget Office who put together three illustrative infographics on the U.S. Federal Budget (or Deficit, depending on your level of skepticism).

A new study by Ernst & Young finds that companies are improving in their efforts at proxy statement disclosures to investors in an examination of early filings this proxy season.

In case your clients missed a pivotal tax deduction that could have saved them some serious cash, or you need to fix something on an old return to make sure your clients are in compliance with the IRS, filling out the Amended U.S. Individual Income Tax Return (Form 1040X) gives taxpayers and preparers another opportunity for an additional refund and potentially avoid headaches triggered by omissions and mistakes.