The Latest

A new study by KPMG has found more governments worldwide imposing value-added taxes and goods and services taxes to make up for declining revenue from other sources, and warns the U.S. may follow suit.

The First-Time Homebuyer Credit program that kept the housing industry afloat this year also led to hundreds of millions of dollars in fraudulent or erroneous claims.

The Financial Accounting Standards Board has established a Not-for-Profit Advisory Committee to offer input to the board on guidance, current and future technical projects, and longer-term issues affecting nonprofits.

In the latest issue of Accounting Today, I ask if there are any readers out there who have tattoos and if their firms know. Well, I’ve already gotten a couple of answers to my query – and they both sit on opposite sides of the fence.

Recent conversations in the nonprofit world increasingly surround "good governance" within nonprofit organizations. For years, many looked at good governance as board members contributinglarge sums of money to their organizations, while also making sure thatthe particular organization is following its mission.

The author of The Great Gatsby kept a ledger of his earnings from all the short stories and novels he sold and even hand-wrote his tax returns, according to a new article.

President Barack Obama has announced a set of initiatives aimed at kick-starting the market for small-business loans.

Rap singer Nas is the latest hip-hop performer facing tax trouble, with the IRS filing a lien against him for $2,584,206.31.

Accounting firms are managing overall to maintain their rates, client services and staff even as the economy continues to challenge them and their clients, according to a new survey.

Intuit plans to expand its presence in the market for helping small businesses manage their 401(k) and health insurance benefits, even though many of its own customers do not offer such benefits.