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The Public Accounts Committee in the British Parliament has issued a critical report blaming large accounting firms, particularly the Big Four, for contributing to tax avoidance.

A 79-year-old widow who pleaded guilty in the largest individual case since a U.S. crackdown on offshore tax evasion began received less than a minute of probation from a judge who scolded the prosecutors.

The Financial Foundation and the Financial Accounting Standards Board that it oversees are marking their 40th anniversary by introducing redesigned logos, branding and Web sites.

If you haven’t noticed, there’s been an apparent rush to “get to the cloud” but as cloud implementers, we constantly meet clients that are hesitant to move to the cloud for their sales, financial reporting, customer service or a myriad of other functions.

Since many time and billing systems don’t usually record time spent on a mobile phone with a client or emails sent, Chrometa has come up with a way to do just that in an app.

The House Ways and Means Committee held a hearing on tax reform and residential real estate, considering the effect of changing popular tax breaks like the mortgage interest deduction.

Robert Herz, the former chairman of the Financial Accounting Standards Board, has written a new book on his experiences leading FASB, with reflections on his experiences leading the board through the financial crisis and in its efforts to converge U.S. GAAP with International Financial Reporting Standards.

Nexus for state corporate income and sales and use taxes remains widely variable between states, according to the Bloomberg BNA 2013 Survey of State Tax Departments.

The Internal Revenue Service has collected over $5.5 billion in revenue from taxpayers who came forward and reported on their foreign holdings under its Offshore Voluntary Disclosure Programs, but it could be missing billions more in revenue from tax evaders, according to a new report.

The Internal Revenue Service has issued draft versions of two forms needed for overseas taxpayers to file in connection with the Foreign Account Tax Compliance Act.

Some companies enhanced this or partnered with that, all well and good, but notable Sage family mergers and the fact that Microsoft may actually be going after accountants deserves more discussion.

International Federation of Accountants CEO Fayezul Choudhury talks about how accountants, accounting standard-setters and auditors can help stabilize the world financial system in the wake of the financial crisis, in an interview with AccountingToday.com editor-in-chief Michael Cohn.

H&R Block is sending $25 prepaid debit cards to the customers affected by a tax-filing glitch related to education tax credit claims.

Net@Work has officially launched a nonprofit reseller practice with the purchase of Huckstep & Associates -- one of top Sage North America's top nonprofit partners.

A pair of influential senators have re-introduced legislation to make the Public Company Accounting Oversight Board’s disciplinary proceedings against auditing and accounting firms public.

Barack and Michelle Obama may need some better financial planning advice.

The Legal Affairs Committee of the European Parliament voted Thursday to require public companies to change audit firms after up to 14 years, which could increase to 25 years if safeguards are put in place.

A tax preparer was sentenced to 18 months in federal prison followed by a year of supervised release for her conviction for preparing a false federal income tax return.

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