The Latest

The gender discrimination class-action lawsuit against KPMG has grown, with five new named plaintiffs accusing the Big Four firm of denying promotions to women and penalizing them for taking maternity leave.

The Financial Accounting Standards Board is proposing to simplify the test for goodwill impairment for public companies and nonprofits similar to recent accommodations it made for private companies.

The global fight against corruption should focus on major jurisdictions rather than bullying small territories, the heads of government of two tax havens told world leaders.

The Department of Finance, Insurance, and Law at Illinois State University’s College of Business announced last week the launch of their Institute for Financial Planning and Analysis, with professor of finance Edgar Norton named the Institute's director.

Highlights of some of our favorite tax-related blogs from the past week.

Thomson Reuters released a special report, What to Do If Your Client is a Victim of Tax-Related Identity Theft, providing guidance for tax professionals advising victims of ID theft.

Former billionaire Sam Wyly may have been hoping for a better outcome on his home turf as a Texas judge weighed tax-evasion claims related to the fraud trial he lost in New York two years ago. He didn’t get it.

Sometimes, the elevation of form over substance can be costly for those who commit a “foot fault” in structuring a transaction in the tax arena.

Tim Gearty of Becker Professional Education discusses how to retain Millennial accounting employees in this video.

In January, Donald Trump had this to say when he was asked about whether he would release his tax returns: “I have very big returns, as you know, and I have everything all approved and very beautiful and we’ll be working that over in the next period of time.”