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Mike Lynch, who is missing after his yacht sank off Sicily, had only recently fended off a U.S. criminal fraud case over the sale of his company to Hewlett Packard.

EisnerAmper, a Top 25 Firm based in New York, is adding the partners and colleagues of Krost CPAs, a Top 100 Firm based in the Los Angeles area, in a combination expected to close in September.

The guidance in Notice 2024-63 is for employers that want to employees' student loan payments.

The Treasury Department and the Internal Revenue Service announced that North Carolina will be the latest state to join the IRS Direct File free tax program in filing season 2025.

Accountants are planning their pregnancies to avoid having children during tax and audit busy seasons — and they're not happy about it.

Vice President Kamala Harris and former President Donald Trump have laid out widely divergent plans for handling the sunset date for many parts of the TCJA.

The board brought 34 actions against 45 respondents and imposed a record $35 million in penalties in the first half of 2024.

Many cutting-edge fintech companies, such as now-bankrupt Synapse, lack essential infrastructure to effectively reconcile transactions, track funds, and maintain visibility into ledgers.

The shortage of buyers of small practices is because the potential buyers are not qualified to handle a small practice.

A new coalition of tax authorities, industry groups and others is combining to stop tax-related schemes.

YouTuber, podcaster and advisor Jason Staats discussed the practical issues in AI implementation for accountants during Xerocon this week.

As businesses navigate turbulent economic waters, CFOs face mounting challenges in their mission to manage costs, optimize resources and maintain financial resilience.

Speakers at Xero's annual conference this week urged accountants to think more deeply about promoting mental health and wellbeing for both clients and staff.

For a limited time, businesses can fix incorrect Employee Retention Credit claims without penalties or interest.

Sage Intaact touts enhanced features for global market; Certinia's Summer 2024 release focuses on efficiency; Korean payments company SentBe goes global; and other accounting tech news.

The company continued to use a controversial sales strategy to meet financial targets after promising it would stop.

Wipfli releases 2024 Outsourcing Report; Herbein adds senior HR consultant; and more news from across the profession.

Host of problems; comp it; plan to fail; and other highlights of recent tax cases.

Diya Jolly, chief product and technology officer with Xero, previewed its proprietary gen AI assistant JAX, which she said controls hallucinations for enhanced accuracy.

A new set of inspection reports of the most frequently inspected firms has been released earlier than usual.