The Latest

CBIZ CEO Steven L. Gerard said he plans to retire as CEO of the professional services firm in March 2016, and will be succeeded by president and COO Jerome P. Grisko Jr.

Crowe Horwath LLP CEO Charles Allen will be co-chairman of the global accounting firm network of which it is the main member in the U.S., Crowe Horwath International.

The Internal Revenue Service announced the annual inflation adjustments for tax year 2015 for more than 40 tax provisions, including the tax rate schedules, and other tax changes.

The Institute of Internal Auditors has introduced an online tool to help its members develop a personalized career development plan.

New York’s banking regulator will ask for more than $300 million to settle an investigation into whether Bank Leumi Le-Israel BM helped Americans evade taxes, a person familiar with the matter said.

Governments around the world closed in on tax evaders with an automatic data-sharing accord that broadens efforts by the U.S. and the five biggest European Union economies to more than 50 countries and territories.

BDO USA recently completed its third annual "Week of Service" that positively affects communities nationwide. During the week, BDO staff volunteered more than 3,000 hours of their time and was able to raise or donate almost $28,000 to worthy causes, impacting almost 10,000 people.

Many CPAs are asked to act as trustees or are retained to prepare fiduciary income tax returns for trusts. The CPA who is involved in trust issues must become aware of the fiduciary trust accounting rules that apply to a given trust.

Hedge funds and portfolio managers often have sophisticated needs when it comes to dealing with capital gains taxes and keeping them to a minimum, and one of the wrinkles they need to deal with is a constructive sale.

The Securities and Exchange Commission has approved the Public Company Accounting Oversight Board’s new standard on auditing related party transactions and significant unusual transactions.