The Latest

Rocker Ozzy Osbourne and his TV host wife Sharon are on the hook for roughly $1.7 million in back taxes and the IRS has placed a lien on their Los Angeles home.

The Obama administration and congressional Republicans struck an eleventh-hour deal to prevent a government shutdown on Friday night, with one of the conditions being a vote this week on the tax-cutting fiscal 2012 budget proposal introduced last week by House Budget Committee Chairman Paul Ryan, R-Wis.

In the decade I've been at the helm of this publication, I'm always amazed - and disappointed - at the sort of double standard that exists when it comes to the treatment of the accounting profession versus other services in the wake of a crisis.

CFOs and finance directors see technology as a key to their long term effectiveness, yet express frustration as they continue to battle with dated and misaligned IT systems, according to a new survey by KPMG.

An Oregon CPA has pleaded guilty to charges of conspiracy to commit wire fraud and conspiracy to commit money laundering with his business, misusing over $44 million of customer funds and causing 91 of his customers to lose $13.7 million.

Karen Breaux has joined Top 100 Firm Postlethwaite & Netterville as human resources manager.

Online invoicing, expense-tracking and profit-reporting tool developer B2Bee has added time tracking to its application so users can enter time for hourly services or click on a built-in timer app to begin tracking their time.

The Internet Advertising Competition honored the American Institute of CPA Insiders with the Best Associations Online Newsletter Campaign award.

The Pennsylvania Institute of CPAs has released the final video in their trilogy of movie tributes intended to bring awareness to the profession.

Deloitte Touche Tohmatsu Limited has promoted the chief executive of its U.S. firm, Barry Salzberg, into the role of global CEO.