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These are the first sanctions ever against a firm over independence violations because it's a member of an alliance where another firm did work for the same client.

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

The agency and the Treasury Department two-year reprieve gives retirement advisors time to prepare — and a preview of upcoming guidance about Secure 2.0.

The rate of growth for hiring and hourly earnings stabilized this month, according to Paychex.

While companies are working in overdrive to fill accounting positions, they are finding themselves up against a confluence of factors.

The IRS and the Treasury issued guidance on some of the requirements for claiming credits under the Inflation Reduction Act.

New Zealand will introduce legislation this week that enables a digital services tax on large multinational companies, though the levy won't be imposed until 2025.

Even without formal standards, professionals are still finding ways to examine and test AI.

These six factors are the common drivers of every high-performing practice.

The Internal Revenue Service correctly calculated the allowable Recovery Rebate Credit for the vast majority of 2021 tax returns, but some erroneous payments were made, according to a new report.

Accounting firms have been facing problems in filling their open positions as the number of new accountants declines, and one solution may involve rehiring past employees.

Dozens of firms have signed onto an initiative to stop underselling the worth of accountants and collect payments on time from clients.

Buy-sell agreements provide some calm during an upsetting period.

In absence of secure systems that clients and staff will use, horror stories abound.

For overpayments and underpayments, the rate will be 8% per year.

Five experts helped FP compile a big list of potential deductions and strategies surrounding retirement plans and business entity structures.

The Internal Revenue Service is giving people until 2026 to comply with a new requirement for Roth catch-up contributions.

Two Republican lawmakers are asking the Internal Revenue Service to explain what happened to microfilm cartridges filled with years' worth of taxpayer data that appear to have vanished.

Corporations relying on carbon credits to support their green claims now face "robust and credible" proof that the vast majority of such securities aren't fit for purpose.