The Latest

A lawmaker has filed legislation in Congress to allow student loan debt to be treated like other forms of debt that can be discharged in bankruptcy proceedings.

The Financial Accounting Standards Board is still in the process of deciding whether the revenue recognition standard that it converged last year with the International Accounting Standards Board should be delayed to allow more companies to adjust to it before the new rules take effect in 2017. But that doesn’t mean companies should wait in case there’s a postponement.

Joe Langner, executive vice president and general manager of mid-market solutions for Sage North America, is leaving Sage after more than three years with the company.

Edwin J. Kliegman, a co-founder of Top 20 Firm Marcum, a founding father of the National Conference of CPA Practitioners, and a passionate champion of small CPA practices, has died.

According to new statistics gathered by the New York State Education Department, the number of New Yorkers obtaining a Certified Public Accounting license from the state remained constant, albeit lower, in 2014.

Treasury Secretary Jack Lew said Wednesday that congressional Republicans and the Obama administration are too far apart on individual tax reform but could reach an agreement on business tax reform.

Xero introduced a new Quotes feature, directly integrated into its invoicing capabilities so customers can streamline the sales process from initial quote through the creation of an invoice.

McGladrey chief economist Joe Brusuelas talks about the risks that the European and Chinese economies pose to the U.S. economy and investors, in an interview with Accounting Today editor-in-chief Dan Hood.

With the top income tax rate at 39.6 percent, advisors need to be savvy about the tax-saving strategies they utilize for their high net-worth clients.

The pervasive IRS impersonation phone scam has claimed nearly 3,000 victims who have collectively paid over $14 million, according to a new warning from the Treasury Inspector General for Tax Administration.