The Latest

President Obama met with the head of the AFL-CIO and other labor unions Monday in an effort to allay their concerns over the tax on so-called “Cadillac” health insurance plans in the Senate’s version of the health care reform legislation.

The Internal Revenue Service needs to improve its telephone assistance level, as well as its taxpayer service and enforcement functions, according to a new report by the Government Accountability Office.

Rick Anderson, chairman of accounting firm Moss Adams LLP, has been named chairman of the “blue ribbon” panel that is being set up to address how U.S. accounting standards can best meet the needs of users of private company financial statements.

The Internal Revenue Service will be sending out newly redesigned, less confusing notices to taxpayers that aim to improve the way it corresponds with its core constituency.

Two former partners in the accounting firm Sturn Wagner Lombardo & Co., Andrew R. Lombardo and Matthew C. Wagner, are merging with J. Brian Stitcher, owner of the accounting firm SRM & Co., to form a new firm, Lombardo Wagner Stitcher and Co. LLC.

Internal Revenue Service Commissioner Doug Shulman has decided against coming up with rules on the taxation of employer-provided cell phones and said the IRS would instead wait for congressional legislation.

The American Institute of CPAs has issued a new standard on compilation and review engagements that represents one of the biggest changes to its Statements on Standards for Accounting and Review Services since 1978.

Financial analysts who cover the insurance sector are generally dissatisfied with the current financial reporting framework for the insurance industry.

It's a new year. We've got a new logo. We've got a new tagline.

Several years ago, the most critical generational issue facing CPA firms was attracting and keeping bright new talent. Today, the generational scales have tipped; it's no longer the youngest employees who are causing concern - it's the most experienced employees.