The Latest

The U.S. House of Representatives rejected an $11 billion bill that would have provided tax incentives for charitable donations of food, money from retirement accounts and land-development rights.

Earlier this month, CPA.com released their CPA of the Future Study at the Digital CPA Conference. The Study is designed to measure CPA firms’ ‘future readiness,’ a concept developed by futurist and business advisor Dr. James Canton, CEO of the Institute for Global Futures, which conducted the research for CPA.com. "Future readiness" was defined as, “the capacity to be aware, predictive, and adaptive of emerging challenges, tech innovations, and trends and changes in business, population and social environment,” according to Dr. Canton.

Financial data provider Powerlytics has crunched the numbers and created a ranking of the most profitable states in which to operate an accounting practice.

The Internal Revenue Service used its legislative authority to hire employees at salaries higher than those typically given to senior executives in the federal government, according to a new government report that found the practice appropriate, even though Congress has now stepped in to change it.

Bill.com released Bill.com Fast Pay, a new service for small businesses to pay and get paid electronically.

With the advent of the holiday season, now may be just the time to market yourself and your staff to potential clients, according to Chuck McCabe, president and chief executive of Peoples Income Tax and The Income Tax School.

After years of heralding China as one of its best markets, Wal-Mart in August said its performance there was among the worst in its major countries. A management shake-up and job cuts have followed.

U.S. accountants are shifting from traditional accounting to trusted advisory services, according to the findings of the latest Sage Accountancy Index.

Patricia Cummings, the co-managing partner of Citrin Cooperman's New York office, discusses why so few women are in leadership positions in the accounting profession and how the dynamics need to change, in an interview with Accounting Today managing editor Tamika Cody.

Outgoing House Ways and Means Committee chairman Dave Camp, R-Mich., officially introduced Thursday the comprehensive tax reform package he has been laboring over in recent years.