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The 280 most profitable U.S. corporations are sheltering half their profits from federal income taxes, and 30 of them paid less than zero in the last three years, according to a new study.

The Financial Accounting Foundation plans to host a series of three public roundtables early next year and a live webcast later this month to give constituents an opportunity to provide their feedback on its recent proposal to create a Private Company Standards Improvement Council.

Employees of St. Louis Park, Minnesota-based CPA firm Froehling Anderson did some heavy lifting at the nearby Voyageur Environmental Center Oct. 28, distributing wood chips around the team building obstacle courses and moving rocks to protect cabins from precipitation runoff.

Deltek Inc. has released Maconomy Business Performance Management, a business intelligence extension of Deltek Maconomy, the company’s professional services-focused enterprise resource planning product.

IMGCAP(1)]Accounting firms typically have multiple partners, some of whom may want to retire or move on in the near future, and others who want to stay longer.

Greatland, a provider of W-2 and 1099 tax information reporting software, has issued a guide to help tax preparers navigate the tax changes enacted into law this past year.

A new study on the effects of taxes on small and midsized businesses has found that tax compliance is especially challenging for them because they lack the resources or scale to comply with complicated tax laws.

Small businesses generated 30,000 new jobs in October, according to Intuit, but the company found that employees are working fewer hours and earning less money.

The board of directors of the National Association of State Boards of Accountancy voted at its annual meeting to support the Financial Accounting Foundation’s recent proposal to establish a Private Company Standards Improvement Council.

A Georgetown University professor has proposed a different idea in the ongoing debate over how investment advisors should be effectively regulated: outsource the heavy lifting to accounting firms.