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Large firms have been reporting revenue increases amid the pandemic.

Ernst & Young is sending letters to clients admitting it failed to uncover fraud at the payment company sooner.

The AICPA believes taxpayers will be able to avoid penalties if they write “COVID-19” at the top of their return.

Xero has revamped its “Starter” plans in the United States, prompted by the need to better support small and mid-sized businesses while they deal with the impact of the COVID-19 pandemic.

The acquisition offers integration opportunities with CCH Axcess, Wolters Kluwer’s cloud-based software suite for professional firms.

The site informs cannabis business owners about their tax responsibilities.

The biggest increase came in the advisory practice, where revenue rose 29.4 percent, followed by tax at 8.8 percent and assurance by 6.0 percent.

The annual poll gathers input on key performance indicators, management strategies, staffing and financial results from accounting practices across the country.

It's been a most unusual year for tax pros, and National Conference of CPA Practitioners president Neil Fishman dives into the major issues — and what's to come.

Taxpayers can use the rates to substantiate the expenses they can deduct for lodging, meals and incidental expenses.

The COVID-19 pandemic is encouraging various forms of fraud, according to the Association of Certified Fraud Examiners.

Among other things, the IRS is providing the 1040 in Spanish for the first time.

The Carbon Disclosure Project, the Climate Disclosure Standards Board, the Global Reporting Initiative, the International Integrated Reporting Council and the Sustainability Accounting Standards Board will work on a common set of disclosures.

A month after President Donald Trump moved to shore up workers’ incomes by giving employers the option of deferring payroll taxes, the effort has failed to energize a U.S. economy still reeling from the coronavirus pandemic.

The Internal Revenue Service added six more forms to the 10 that support e-signatures.

EY earned a record $37.2 billion in the fiscal year ending June 30.

The Internal Revenue Service plans to mail out letters later this month to an estimated 9 million non-filers, encouraging them to claim their economic impact payments by an Oct. 15 deadline.

The Internal Revenue Service needs to improve how it handles third-party requests for access to taxpayer information and electronic signatures from representatives such as CPAs, enrolled agents and attorneys that could leave taxpayers at risk of identity theft, according to a new report.

But enough issues remain that employers are not over-enthusiastic about the option, experts say.

The coronavirus delay to July 15 helped the tax preparation chain launch its FY 2021.