The Latest

The U.S. House of Representatives voted to loosen restrictions on tax incentives for education savings, expanding a program that President Barack Obama wanted to limit.

You've met them: The taxpayer who calls or drops in just to see if you offer the lowest price for tax prep – or worse, just to confirm that the price they’ve found elsewhere really is the lowest.

A January bombing that was originally thought to be targeting a local NAACP headquarters was actually carried out by a man upset at his accountant, according to published reports.

As we sit through another tax season, we have the opportunity to enjoy it or suffer through it. We can believe that we will fail, or we can choose to succeed and believe that “anything is possible.”

As more regulations continue to come into effect for employers under the Affordable Care Act, some with financial penalties, many employers report they are not prepared to deal with the slate of changes.

The American Institute of CPAs is expressing support for a proposed accounting standards update that would require investment companies that act as “feeder funds” for other investment companies to provide better disclosures of those investments on their financial statements.

Xero announced it has raised more than $110 million in investments from Accel Partners and Matrix Capital Management.

Top 100 firm Aronson has acquired the GSA Schedule consulting business of Deltek’s Washington Management Group.

The Internal Revenue Service will not try to collect additional taxes from those taxpayers who have already filed their taxes after receiving incorrect information from the federal health insurance marketplace, Healthcare.gov.

Thomas Fitzsimmons has moved up to managing partner at WebsterRogers.