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U.S. Wealth Management president and CEO John Napolitano discusses how accountants should take charge of the various advisors that their clients deal with and coach them, in an interview with Accounting Today editor-in-chief Dan Hood.

One of the most closely watched and discussed issues in Washington this year is tax reform.

The Financial Accounting Standards Board voted Wednesday to finalize an accounting and financial reporting standard aimed at increasing transparency and consistency of financial reporting about consolidation.

Treasury Secretary Jacob Lew said comprehensive tax reform would be the best way to prevent further corporate inversions, but called on Congress to pass legislation to stem the tide of corporations merging with other companies overseas in order to cut their taxes.

House Ways and Means Committee chairman Dave Camp, R-Mich., and Ways and Means Oversight Subcommittee chairman Charles Boustany, Jr., R-La., have written a letter to the advocacy group Democracy 21 asking it to provide all communications with the former director of the Internal Revenue Service’s Exempt Organizations unit, Lois Lerner, including emails.

James Powers will succeed Charles Allen as Crowe Horwath LLP’s CEO. Powers will focus on continuing the expansion of the firm’s national footprint, service offerings and brand.

National Taxpayer Advocate Nina Olson has released her mid-year report to Congress, in which she urges the Internal Revenue Service to issue refunds to victims of tax preparer fraud and expand the IRS’s recently announced voluntary tax preparer education program to include competency testing.

A group of senators has introduced a bipartisan bill governing sales taxes on online purchases and Internet access after previous legislation failed to make progress in the House.

The U.S. House of Representatives voted to cut the Internal Revenue Service’s budget by $1.14 billion in another blow to the tax agency.

University of Phoenix and Intuit announced that QuickBooks Online has been integrated into the University of Phoenix School of Business’s accounting degree program.

Enterprise business planning technology provider Anaplan announced it has joined Deloitte’s Technology Alliances portfolio.

Net@Work announced the acquisition of Software Solutions, a consultant and reseller of Sage 100 ERP, Sage 500 ERP and Sage CRM that serves businesses in Virginia and Maryland.

Accountants need to make sure their clients' files are secure and stored away so they are not vulnerable to identity theft.

The Internal Revenue Service has issued final regulations on truncated taxpayer identification numbers, or TTINs, to safeguard against identity theft.

One of the first, and perhaps most important, decisions a business owner initially makes is the type of business entity to select.

The House has approved by voice vote legislation permanently banning states from taxing Internet access or imposing multiple or discriminatory taxes on e-commerce.

The American Institute of CPAs has filed a federal lawsuit against the Internal Revenue Service challenging the legality of the IRS's plans for voluntary continuing education and testing of tax preparers.

The Financial Accounting Standards Board has proposed a pair of Accounting Standards Updates aimed at simplifying the process of inventory measurement and eliminating the requirements for extraordinary items.

After rebounding sharply in June from months of decline, the Accountants Confidence Index split into two directions this month, with the short-term and mid-term readings heading apart, though both remain positive.

The Internal Revenue Service has partially withdrawn some of the rules it had earlier proposed on limiting rollovers from individual retirement arrangements.