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The U.S. Senate advanced a narrow attempt by Democrats to limit tax breaks for companies moving jobs out of the U.S.

At least four Democrats on the Senate Finance Committee say they’re not ready to back the push by President Barack Obama and party leaders for retroactive tax legislation to prevent companies from moving their legal addresses out of the U.S.

Xero announced plans for a future U.S. initial public offering during the online accounting software provider’s annual investor meeting Wednesday.

The International Accounting Standards Board has issued the final element of its own long-awaited financial instruments accounting standard after failing to reach a consensus with the U.S. Financial Accounting Standards Board on key elements related to credit losses and loan impairments.

Financial restatements declined substantially in the decade after the passage of the Sarbanes-Oxley Act of 2002, according to a new academic study.

PricewaterhouseCoopers has released a new paper on how companies can get ready for the newly converged revenue recognition accounting standard.

On the same day that the Securities and Exchange Commission issued long-awaited rules for money market mutual funds, the Internal Revenue Service has issued its own rules for money market funds and wash sales.

FreshBooks announced it raised $30 million in its first institutional investment round.

The International Accounting Education Standards Board has begun a new project to improve the relevancy, clarity and consistency of its standards along with their applicability to members and associates of the International Federation of Accountants.

Expiration of the research tax credit imperils the orphan drug credit, and the lives that depend on it.

New York accounting and business advisory firm Margolin, Winer & Evens recently launched an Instagram account at the annual company picnic.

Accounting Today and Accountingfly have announced Advance 2014: The Accounting Career Summit, a week-long event featuring a series of high-profile webinars on recruitment, retention and the accounting job market, culminating in an online job fair.

Employees of U.S. small businesses saw their average paychecks rise for the first time this year, according to online payroll provider SurePayroll.

Undercover investigators working with the Government Accountability Office found it was easy to falsify information when applying for Premium Tax Credits to help pay for health insurance.

An Indianapolis CPA firm has settled a lawsuit with Indiana’s Secretary of State for $1.8 million after it served as the accounting firm of a convicted Ponzi schemer.

The battle over corporate inversion deals is heating up, as more U.S. multinational corporations find merger partners abroad that will allow them to move their tax domiciles to countries with lower tax rates.

Mobile technology continues to increase its importance in modern business, and successful companies are finding ways to leverage it as a competitive advantage.

The growing number and complexity of large partnerships, such as hedge funds, are making it difficult for the Internal Revenue Service to audit them effectively, according to a new government report.

Agiliron released the new version 7.7 of its SaaS suite, to be integrated for the first time with QuickBooks Online.

I remember the tax-cutting years in previous political eras. Those were the good old days. Now it’s easy to get the impression we have higher income taxes and an extra tax on investment earnings. But analyzing taxes and the reasons behind them are not that simple. Some brackets are actually lower today, and some taxpayers are paying at a higher rate while others are paying at a lower rate.