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Goldman Sachs will pay a record penalty of $550 million and reform its business practices to settle SEC charges that the bank misled its investors in marketing a subprime mortgage product just as the U.S. housing market was starting to collapse.

Senators Charles Schumer, D-N.Y., has proposed extending the HIRE Act tax credit for employers who hire out-of-work employees.

The Senate passed a sweeping financial regulatory reform bill on Thursday by a 60-39 margin after three Republicans joined all but one Democrat in supporting the Wall Street overhaul.

The Tax & Accounting business of Thomson Reuters plans to introduce iPhone and iPad apps that will provide a front-end to the company’s Checkpoint Learning software.

IMGCAP(1)] Being a business student in the Northeast, more specifically the small state of Rhode Island, I expected my first work-related experience to be at a local firm or business. However, this couldn’t be further than what recently happened to me. As it turned out, this experience and a trip to the West Coast were one in the same.

The New York State Society of Certified Public Accountants recently honored 98-year-old Philip P. Goodkin, a lifelong resident of New York City, as the longest-practicing CPA in the state of New York.

The Internal Revenue Service's current method of sending notices and letters is costing taxpayers millions of dollars because it results in a large amount of undeliverable mail, according to a new government report.

Accountants have a duty to safeguard their clients’ confidential data, but that’s not always easy with computer files, which can be easily whisked off a PC whilst someone is away from their desk or disappear with a lost laptop.

IMGCAP(1)]Hiring a marketing agency for your firm doesn’t have to be overly complicated or expensive.

A measurement of optimism among small business owners fell last month after climbing slightly in several prior months.