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The Treasury Department and the Internal Revenue Service have released a new notice giving multinational companies some extra guidance to help them calculate the “transition tax” on untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act.

The Treasury Department updated its strategy for the Internal Revenue Service in advance of the failure of negotiations to keep the government open.

The Internal Revenue Service has revised the streamlined application form for groups that are applying for tax-exempt status.

The Tax Cuts and Jobs Act has been marketed as a much-needed simplification for American taxes, and American expatriates comprise a tax-paying demographic most in need of simplification of the tax requirements.

A new notice will allow manufacturers, producers and importers to avoid the failure to deposit penalties, provided they meet certain requirements.

The value-added reseller offers outsourced accounting services, tax services and financial counseling, cloud technology as well as Sage Intacct software.

Belfint, Lyons & Shuman votes in director and shareholder; Schenck names next president; and other recent hires, promotions and personnel news from firms across the country.

Hong Kong, which has faced a slew of criticism on company financial reporting, is set to create a new framework to oversee auditors of listed entities in the city.

Baker Tilly grants wishes with new nonprofit campaign; Bennett Thrasher adds tax controversy practice; and more news from CPA offices across the country.

Both firms and software providers were recognized for their use of Xero in elevating client services.

Financial institutions are getting ready for the Financial Accounting Standards Board’s new credit loss standard, though some are dragging their heels, even as the effective date approaches.

Why do businesses still make so many payments by paper check, even as technology has made checks nearly obsolete in the consumer world?

New York Governor Andrew Cuomo announced plans Thursday to target a tax break for investment fund managers in his state.

A collection of firms' recent philanthropic efforts.

The Institute of Internal Auditors is updating its Certified Internal Auditor exam with more content on subjects such as cybersecurity and information technology.

The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help organizations reclassify some of the stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act that President Trump signed into law last month.

European Union regulators reacted coolly to Apple Inc.’s move to repatriate hundreds of billions of overseas dollars to the U.S., saying “nothing has changed” in its order for the iPhone maker to pay back taxes to Ireland.

APEX CPAs & Consultants merges in Morrison & Associates; Smith Barta & Company joins Maloney + Novotny; A&M Taxand adds TRCG Advisors; Briggs & Veselka acquires William C. Love CPAs; and Ryan buys Retzloff.

Economic confidence in the U.S. rebounded strongly in the fourth quarter of last year, according to a new survey by the Association of Chartered Certified Accountants and the Institute of Management Accountants.

Internal controls, the new lease accounting standard and cybersecurity are just some of the issues keeping financial executives up at night, according to a new survey by KPMG.