Subject Root Tag

The Financial Accounting Standards Board has issued an accounting standards update intended to simplify the testing of indefinite-lived intangible assets, such as trademarks, licenses and distribution rights, for impairment.

As uncertainty continues to surround the economy, companies of every size are seeking new ways to maintain high operating standards and stay competitive, while keeping bottom lines from shrinking further.

House Republicans have charted a course for expedited tax reforms next year in case they control Congress and the White House.

Michael Bernstein succeeds Martin Greenberg

Recent promotions new hires and more

Firm News Recent network memberships, awards, new Web sites and more

The International Accounting Standards Board said Thursday that its staff will develop guidance to help “micro-sized entities” apply International Financial Reporting Standards for Small and Medium-sized Entities.

The Internal Revenue Service issued two revenue procedures Thursday requiring reporting agents who remit taxes on behalf of clients to use electronic systems.

Elizabeth Hugh selected as the firm’s first chief operating officer

The Governmental Accounting Standards Board has issued an updated guide to help people better understand the financial statements of state and local governments.

The Treasury Department released a model intergovernmental agreement Thursday for implementing the Foreign Account Tax Compliance Act, developed in consultation with France, Germany, Italy, Spain and the United Kingdom.

Democrats on the House Ways and Means Committee introduced two pieces of legislation Thursday to provide tax credits for clean energy manufacturing and renew the Build America Bonds program.

I can’t think of a business in America that welcomes an IRS audit with open arms; for most, it is a highly stressful and worrisome time.

The Senate voted mostly along party to pass a Democratic bill to extend the Bush tax cuts for household incomes below $250,000 a year after rejecting a Republican bill to extend them for taxpayers at all income levels.

Staffing service Office Team identified five types of workplace "competitors" that take it too far and offered tips for working with them effectively.

The Accounting Today Institute has created an online bundle of 15 hours of continuing education aimed specifically at meeting the requirements the IRS has established for registered tax preparers.

The House has voted to audit the Federal Reserve, backing an issue promoted by Rep. Ron Paul, R-Texas, in his presidential campaigns.

The Senate Finance Committee held a hearing Wednesday to look at access to education and tax reform, whether the complex array of tax incentives are contributing to the increasing cost of a college education.

The House Ways and Means Oversight Subcommittee held a hearing Wednesday to examine tax compliance issues surrounding public charities, the rules governing their profit-making activities, and whether the newly redesigned Form 990 is promoting increased compliance and transparency.

The Court of Appeals for the Fourth Circuit has reversed a district court, finding that a taxpayer’s failure to file TD F 90-22.1 (the FBAR form) was willful, subjecting him to civil penalties.