The Latest

House Ways and Means Committee members Charles Boustany, R-La., and Richard Neal, D-Mass., have released a bipartisan proposal to create a so-called “innovation box,” a lower tax rate on income derived from intellectual property to encourage more multinational companies to keep intangible assets in the U.S.

The AICPA released a list of five financial tips for newly-employed young people on their Insights blog on Tuesday.

In a rebuke to the Treasury and the Internal Revenue Service, the Tax Court has invalidated regulations under Section 482 of the Tax Code that require the sharing of stock-based compensation.

The International Federation of Accountants has released a new briefing paper on how accountants can help their organizations address sustainability issues and incorporate them into business decisions.

The Department of Justice’s Office of Inspector General issued a report criticizing PricewaterhouseCoopers’ audit of Big Brothers Big Sisters of America and has referred to the matter to the American Institute of CPAs’ Professional Ethics Division.

More than a dozen years ago, the U.S. experienced a rash of high-profile accounting scandals. Now it’s Japan’s turn.

Some of New York’s most ambitious young CPAs will gather in Midtown Manhattan this Friday for NextGen 2015, an annual interactive career development conference hosted by the New York State Society of Certified Public Accountants.

Sage announced several product revamps to kick off the 2015 Sage Summit Tuesday, including Sage X3 in the cloud and Sage Live, developed in partnership with Salesforce.

Since the advent of Financial Accounting Standard 133 in 1998, financial statement preparers have been dealing with the onerous and complex requirements of hedge accounting, arguably one of the most complex statements that the board has promulgated.

As the most recent group of college grads earns their diplomas, they may not necessarily have everything they need to enter the working world. That's at least according to a new survey by Accountemps - a division of global staffing firm Robert Half - that found that more than half (56 percent) of accounting and finance professionals said they felt only somewhat prepared for their first job after graduation.