The Latest

President Obama released his budget plan on Tuesday, with proposals for expanding a number of tax breaks along with the budget of the Internal Revenue Service.

The Financial Accounting Standards Board has issued a draft version of its long-awaited Disclosure Framework, aimed at improving its process for evaluating existing and future disclosure requirements in the notes to financial statements.

KPMG has completed the acquisition of Cynergy Systems to bolster the Big Four’s digital and mobile technology offerings.

The internal control framework that was unveiled last year by the Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, will take some time to adjust to, but the Securities and Exchange Commission is encouraging companies to transition to it by the end of this year.

Employment at small businesses in the U.S. stayed stagnant in February, while the average number of hours worked and monthly wages both increased. However, overall, small business revenue declined 0.09 percent in January.

The Internal Revenue Service is providing advice to taxpayers and tax preparers this tax season on the various tax credits and tax-related provisions under the Affordable Care Act.

Rick Mills has been named chief operating officer of CBIZ Financial Services. He succeeds Chris Spurio, who was recently named president of CBIZ Financial Services.

President Barack Obama’s budget will propose tax cuts for low-income families, a retirement savings plan and ask Congress to make permanent certain tax breaks to offset the cost of higher education.

In an exclusive interview, IRS Commissioner John Koskinen answers our questions -- and those of our readers.

The Institute of Management Accountants released the results of a survey Monday showing that in every region the global accounting association surveyed, professionals holding its Certified Management Accountant credential had greater earning power than non-CMAs.