The Latest

Presidential candidate Sen. John McCain, R-Ariz., and his rival Sen. Barack Obama, D-Ill., have proposed differing tax and retirement plan measures to deal with the economic downturn.

KPMG International has named a deputy chairman.

As more clients are confronted with shrinking retirement portfolios, layoffs and hardship getting bank loans for their business and personal needs, accountants are being asked for advice on how to survive through lean times.

The American Bankers Association has written to the Securities and Exchange Commission demanding that it override the Financial Accounting Standards Board's guidance on fair value accounting.

The former CEO and CFO of drug store chain Duane Reade were indicted on fraud charges for allegedly inflating the company's income.

The Internal Revenue Service has recently added a page to its Web site for the self-employed. I sure could’ve used that when I was a freelance writer, even though there was no Internet then.

The Internal Revenue Service has explained how eligible homeowners who received federal reimbursement grants stemming from Hurricanes Katrina, Rita or Wilma can take advantage of a new tax provision.

KPMG plans to contribute $1.5 million over the next five years to a village in Tanzania as part of a poverty relief project.

The Tax Court has amended its rules of rules of practice and procedure for whistleblower actions, making it easier for informants to keep their identities confidential.

The Securities and Exchange Commission named Dr. Amy Edwards to the post of Assistant Chief Economist for Markets and Intermediaries in the agency's Office of Economic Analysis.