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The first U.S. client of Swiss bank UBS has been arrested on tax evasion charges by federal authorities, and he’s an accountant.

Accounting experts and industry organizations alternately praised and panned the Financial Accounting Standards Board’s decision to loosen the standards for fair value and mark-to-market accounting.

Tax evaders beware.

Lawmakers at a congressional hearing Wednesday pressed Internal Revenue Service Commissioner Douglas Shulman to ease up on audits of small businesses.

CCH has introduced IntelliConnect, the next generation of its widely used online information service, Tax Research NetWork.

Just in time for the G20 economic summit in London, the U.S. Treasury Department has signed a tax information exchange agreement with the government of Gibraltar.

As the tax deadline looms in two weeks, the Association of Chartered Certified Accountants has some advice for businesses and individual taxpayers.

The Internal Revenue Service has issued guidance to clarify the COBRA benefits offered under the recently passed stimulus bill.

The best of times, worst of times description is one of those overused literary allusions. But it may well apply to the business of selling accounting software over the last year.

Accounting software provider Cougar Mountain has released Denali 2.7, completing the company’s core accounting line with the Denali Purchase Order module.