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California drew in 11% less in personal income tax revenue than it expected so far this year.

Some of the standards were inherited two decades ago from the AICPA and don't take into account ever-changing technology.

A report from the U.S. Treasury Department didn't say the U.S. should adopt a digital currency, but did recommend it start laying the groundwork in case it ever decides to do so.

A recent study found that when a publicly traded company appoints a Black CEO, there is a corresponding bump in average share price.

In response to a rapidly changing digital asset landscape, the department outlined seven priority action items to curtail related financial crimes.

Yvon Chouinard described his decision to give away the outdoor apparel-maker as his last-ditch effort to do all he could to protect the planet, but the deal is structured in ways that bring his family tax perks.

PCAOB inspections will take place in Hong Kong under a preliminary agreement reached between American and Chinese regulators to avoid delisting.

The Act provides higher deductions for meeting prevailing wage and apprenticeship requirements.

Shah was named as the mastermind of the scheme in which pension plans filed for tax returns to which they weren't entitled, because they never paid the taxes to begin with.

Plus, Armanino tests out new client experience app; MindBridge touts new API in latest release; and other stories from the world of accounting technology.

Business Roundtable Chief Executive Officer Joshua Bolten on Wednesday flagged concerns that reviving the deduction for R&D will fall off of Congress's agenda later this year, despite it having bipartisan support.

The president is likely to nominate Beth Kaufman, a partner at the law firm Caplin & Drysdale, to be IRS chief counsel.

Schellman opens new office; Bennett Thrasher appoints chief information officer; and more CPA news.

Kin capers; Easy money; just feeling frivolous; and other highlights of recent tax cases.

Advocates are pushing to restore the $20,000 threshold for reporting transactions from payment cards and third-party networks after it was lowered to just $600.

Kreston Global introduced a Global Transfer Pricing Group, led by David Whitmer, who leads the National Transfer Pricing Practice at Kreston's U.S. member firm CBIZ.

The Association of Chartered Certified Accountants released a report exploring the post-pandemic role of educational technology, or edtech, identifying tips and trends for users.

Will the average taxpayer qualify for a larger deduction or credit, or will their eligibility drop?

Treasury Secretary Janet Yellen unveiled some of the Biden administration's planned changes for the Internal Revenue Service.