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A Treasury Department spokesperson gave an answer that provides clarity for advisors with affluent clients.

Accounting firms are running into difficulties filling the pipeline with new accountants as they find themselves struggling to recruit talent.

Climate change is prompting more accountants to get involved in environmental, social and governance services.

The debate between in-office and remote work was largely a theoretical one before the pandemic, but now we’ve had ample time to test the viability of virtual work on a grand scale.

Practice management software provider Canopy has integrated with Intuit’s QuickBooks Online, allowing accountants to sync their contacts, service items and invoices, and process payments and deposits between the two systems.

Most firms pivoted to giving valuable advice during the pandemic, but only some of them got paid for it.

While states continue to develop their own rules and requirements, managing compliance remains an enormous challenge.

The Big Four firm was fined a reduced penalty of about 2.2 million pounds ($3 million) due to mitigating circumstances.

The plan offers the clearest picture yet of the higher levies that companies could be paying from next year.

With college so expensive and the exam turning off prospective candidates, should the profession rethink the barriers of entry to its premiere credential?

The resolution came after a White House pressure campaign and assurances from Speaker Pelosi helped unite fractious Democrats.

The mandate will go into place Oct. 11, seven weeks after the FDA's full approval of the Pfizer vaccine.

Comparing your fees; auditing climate goals; new marketing blog; and other highlights from our favorite tax bloggers.

In addition to giving Candace Wright a third term, the foundation added a new member to the council, and named the next GASAC chair.

Avalara's midyear update reveals a wealth of ongoing tax changes at the state level.

What are the rules of setting up an alternative practice structure when a private equity firm invests in a CPA firm?

The House Speaker and a group of centrist Democrats will resume talks after hours of negotiations failed to break a stalemate late Monday.

The $1 million threshold at which the 23.8% capital gains rate would nearly double has sparked questions — and a strategy for some well-paid professionals.

BDO USA LLP reported revenue of $2,000,300,000 for the fiscal year ending April 30, 2021, a year-over-year increase of 10.9%.

Processing delays at the Internal Revenue Service have practitioners scrambing to explain missing tax refunds.