The Latest

At 82 years of age, Gary Gerson of Miami, FL has a resume that reads like a CPA wishlist: Becoming the youngest CPA in the country (21 years old in 1955), heading the Navy Area Audit Office during his military fulfillment during the Korean War, head of his own firm, and the only non-athlete to be inducted into the University of Florida's Athletic Hall of Fame, to name just a few accomplishments.

Former billionaire entrepreneur Samuel Wyly is “stiffing” his creditors by attempting to shield $249 million in offshore annuities and a $12 million Texas mansion in his bankruptcy, federal regulators told a judge.

The Financial Accounting Standards Board’s Emerging Issues Task Force has issued an accounting standards update on the effect of derivative contract novations on existing hedge accounting relationships.

As Sunday marks Daylight Saving Time, professionals will lose another hour of sleep during tax season. However, according to a new survey from Accountemps, a Robert Half company, this lost hour will have no effect on an already tired workforce. Accountemps found that nearly three-quarters of U.S. workers work while they're tired, with one-third reporting they do so "very often."

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

Many forward-thinking companies are giving their employees access to financial wellness services to help them make sense of their finances.

Scope creep—the enlargement of the job the CPA was hired for—can have both positive and negative implications for an accounting practice.

A former accounting manager at air conditioning maker Carrier Corporation was sentenced to 12 months in prison for his role in an insider embezzlement scheme.

Federal income tax refunds totaling $950,349,000 are waiting for an estimated 1 million taxpayers who did not file a federal income tax return for 2012.

If you’re an accountant, this is your busiest season.