Economy

The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses.

The Financial Reporting Council's assessment is fueling calls to reform the industry, including dismantling the “Big Four” players.

Jonathan Blattmachr, an estate planning lawyer, is such a fan of the strategy he’s created to help some of his wealthy clients get around the new property tax deduction cap that he’s using it himself.

The NAEA offers advice to help owners deal with both reform and their perennial tax burden.

It’s said auditors get off lightly when companies fail. Tell that to the PricewaterhouseCoopers partner who signed off on the accounts of failed British retailer BHS. He has just received a 325,000-pound ($434,000) fine and a record 15-year ban from audit work.

The provider of expense tracking and bookkeeping automation has added features for accounting and bookkeeping partners.

One proven growth strategy is to offer more services to the same clients.

A long-awaited standards update will clarify a key issue in the not-for-profit world.

A company that provides training to legal marijuana businesses and their bookkeepers has extended its reach to 26 states.

Thomson Reuters has introduced the Checkpoint Tax Cuts and Jobs Act Toolkit to help accounting firms advise clients about the new tax law.

The BKD COO was named Friday to chair the Association of International Certified Professional Accountants.

AMT question; voluntary use-tax; summer and taxes; and other highlights from our favorite tax bloggers.

Her election comes at a time when the accounting profession is striving to increase the pool of young people and the percentage of women leaders.

KPMG LLP’s South African unit sees 400 people leaving the embattled company as it closes some regional offices and focuses its operations on four cities across the country.

The National Association of Black Accountants has announced its 2018 national and regional award winners.

What NFPs need from accounting solutions varies widely.

The Top 100 Firm is adding a business turnaround specialist based in Minneapolis.

The economy continued to grow in the wake of the new tax law.