The Latest

A pair of reports from the Government Accountability Office found serious problems with the Internal Revenue Service’s processes for determining which individuals and businesses should be audited.

President Obama proposed to expand tax cuts for low-income workers who don’t have children during his State of the Union address.

Billionaire John Paulson’s New York hedge fund firm has shut an operation in Bermuda that had been targeted by a Democratic lawmaker as a tax shelter.

The Internal Revenue Service has released the first of a series of YouTube videos providing information on how taxpayers can protect their tax and financial data.

Members of the consulting firm Family Office Metrics have joined Ernst & Young LLP’s Family Office Advisory services team.

Deloitte has recently released their fifth annual Millennial Survey, detailing the incoming workforce's trends and traits. The research findings are based on a study conducted by Deloitte Global of nearly 7,700 Millennials representing 29 countries around the globe. All respondents were born after 1982, have obtained a college or university degree, are employed full-time, and work in large (100+ employees), private-sector organizations.

The International Accounting Standards Board issued the long-awaited lease accounting standard that it has been developing for over a decade with the Financial Accounting Standards Board, which is also expected to release its version of the standard early this year.

Swindoll, Janzen, Hawk & Loyd LLC, a firm based in McPherson, Kan., has acquired the Wichita office location of CBIZ MHM LLC.

Everyone can agree that better financial analysis is a good thing for business leaders.

CPA Ontario recently named the winners of its Canadian Association of Business Students' (CABS) Jeux de Commerce Central (JDCC) competition. Held in Toronto from January 8 through 10, JDCC is central Canada's largest business school competition, bringing together approximately 1,000 students, judges and faculty from 14 business schools across Ontario, Québec and the Maritimes.