The Latest

The Internal Revenue Service collected about $3 billion less in revenue from audits this year after assigning staff to work on processing economic stimulus payments.

Accounting firms expect the recession to affect their business over the coming year.

New York Governor David Paterson is trying to close a record deficit of $15.4 billion with 137 new tax and fee increases, including a new tax on sugary sodas.

All work and no play make Accounting Tomorrow’s staff dull ladies. So we’re taking off for the holidays.

WebCPA's financial crisis survey is gauging the reactions of accountants and their clients to the financial crisis.

The National Retail Federation has asked President-elect Barack Obama to include a series of sales tax holidays within the economic stimulus legislation he is drafting with Congress.

Let’s be real: women have always been trailblazers when it comes to their careers because they’ve had to be. Still, even as we usher in 2009, acknowledgement has not always been given to those deserving. The California Society of CPAs [CalCPA) reminds us of the importance of honoring those in the profession with added spark.

The Financial Accounting Standards Board has issued the first of two proposed standards intended to simplify the accounting for financial instruments in response to the financial crisis.

The International Accounting Standards Board has proposed requiring companies to provide additional disclosures on all their investments in debt instruments, other than those classified in the fair value through profit or loss category.

David Friehling, the auditor at the tiny accounting firm that handled Bernard Madoff's books, has been subpoenaed by investigators.