The service is expanding its capacity to process tax returns following criticisms from members of Congress about taxpayers waiting months for refunds.

Ernst & Young elected Julie Boland as EY US chair, as well as managing partner and Americas area managing partner, effective July 1.

A Bloomberg Tax survey found that both accounting firms and corporate tax departments cited a lack of exceptional talent to hire as the top roadblock.

The Regional Leader is joining forces with Damitz, Brooks, Nightingale, Turner and Morrisset in Santa Barbara.

The Securities and Exchange Commission eased up dramatically on accounting and enforcement activity last year during a period of transition at the SEC, but the Public Company Accounting Oversight Board increased its enforcement amid a shakeup at the PCAOB.

The Deloitte Foundation Accounting Scholars Program will fund $30 million in scholarships for students pursuing a fifth-year master's degree program in accounting from select Association to Advance Collegiate Schools of Business (AACSB) accredited colleges and universities, including the W. P. Carey School of Business at ASU.

The chief policy officer for the U.S. Chamber of Commerce said the group has grown concerned that a global tax deal may “fundamentally disadvantage U.S. companies.”

Under IRS rules, donors can both deduct the value of the gift and avoid any capital-gains tax on the investment.

An accountant working at a Georgia-based wealth management firm pleaded guilty to embezzling $800,000 from an elderly client suffering from dementia.

Billtrust, a provider of accounts receivable software based in Lawrenceville, New Jersey, has acquired Order2Cash, an electronic invoicing and payments company headquartered in Amsterdam.