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Clayton & McKervey, Detroit-area CPA and advisory firm, is mourning the loss of its president, Kevin McKervey, who died Sunday at the age of 61.

The Public Company Accounting Oversight Board announced settled disciplinary orders Tuesday sanctioning five audit firms for violating independence requirements in connection with audits of brokers and dealers.

Lee Klumpp of BDO USA discusses in this video the likely timing of FASB's proposed nonprofit accounting standards and how accountants and their clients can get ready for them.

Bloomberg BNA has upgraded its BNA State Tax Analyzer with a new NOL Manager function that predicts and analyzes the financial impact of state net operating losses on a business’s cash, effective tax rate and earnings per share.

Most clients who utilize accounting firms to prepare their tax returns make charitable contributions. Many do so in a tax-efficient manner by donating appreciated securities directly to charities or utilizing donor-advised funds through which they make their grants.

WalletHub has released its annual report on the states with the highest and lowest tax rates in the country.

The operator of an Atlantic City, N.J.-based tax preparation business has pleaded guilty to filing false claims with government.

Many Americans are willing to delay receiving their tax refunds for up to two months if it would provide the IRS time to combat identity fraud, according to a new survey.

Foreign bank account report filings surpassed the 1 million mark last year, up more than 8 percent from 2014, the Internal Revenue Service reported Tuesday.

Sustainability presents an opportunity for you to get in on the ground floor of what could become a hot area for additional revenues.

The Tax Court agreed with the Internal Revenue Service in disallowing an attorney’s attempt to write off her family’s travel costs as an expense for some books she wrote.

Lee Klumpp of BDO USA talks in this video about the reaction to FASB's proposed changes in accounting standards for nonprofit organizations and some of the changes likely to be in the final standards.

The Financial Accounting Standards Board’s Emerging Issues Task Force has issued an accounting standards update for contingent put and call options in debt instruments.

U.S. business leaders are keeping a close eye during primary season on the candidates’ tax reform plans, according to a new survey of private companies by PricewaterhouseCoopers.

The Securities and Exchange Commission has approved a 2016 budget for the Public Company Accounting Oversight Board of $257.7 million, and an increase in the accounting support fee to $253.3 million.

The Internal Revenue Service has issued a notice providing the country-by-country exclusion amounts for foreign housing.

The Internal Revenue Service is sounding the warning about a new tactic from phone scammers pretending to work for the IRS.

The Internal Revenue Service has issued a notice providing guidance and transition relief for employers claiming the Work Opportunity Tax Credit.

A roundup of our favorite recent tax fraud cases.

The feds aren’t the only ones taking measures to protect taxpayers