Economy

The Information Technology Alliance announced its new president, Shawn Slavin, who will be taking the reins from outgoing president Stan Mork.

Many Americans regard paying taxes as a necessary evil. If they want to worship Satan, now the IRS has officially given them a tax-exempt place to do so.

The tax and accounting software maker reported a 5 percent increase in TurboTax units sold this tax season compared to last year, thanks to a 7 percent increase in TurboTax Online sales.

The training and consulting company will close Enterprise Worldwide.

CPA firms are becoming more niche driven and expanding into greater advisory roles.

The United Kingdom’s Competition and Markets Authority has issued a long-awaited report calling for separation of audit from consulting services, mandatory “joint audits” and regulatory powers to increase the accountability of audit committees.

KPMG unveils Ignition Center in Chicago; Withum opens learning lab at the University of Central Florida; and more CPA news.

It’s tax time for everyone, but for entrepreneurs in the rapidly growing cannabis business, it’s a particular challenge.

Tax changes have benefits, though questions remain.

The AICPA introduces a new credential; ICPAS installs a new board of directors; and more CPA news.

Issues new and old will be a focus at the federal, state and local levels.

Firms should be forced to legally separate their “cash cow” consulting work from their auditing businesses, a U.K. Parliament committee said.

The rate of job growth at small businesses slowed in March, but wage growth continued at a healthy pace, according to payroll giant Paychex.

New York lawmakers approved a budget that allows for tolls on cars entering midtown Manhattan, increases sales taxes on multimillion-dollar city homes and ushers in a statewide ban on single-use plastic bags.

Word of mouth was once an accounting firm’s primary means of gaining new clients, but these days, your prospective customers likely rely on search engines.

EY named lead sponsor for NABA National Convention & Expo; Boeckermann Grafstrom & Mayer launches family office services group; and more CPA news.

Accounting, valuation and legal considerations within the deal structure should be reviewed by buyers and sellers with a trusted advisor.

Bipartisan legislation would make a technical correction in the Tax Cuts and Jobs Act that has kept many stores and restaurants from renovating their facilities.

The final rules offer guidance on the penalty for failing to include information that’s supposed to be disclosed under the Small Business Jobs Act and how to calculate the amount.