The Latest

The popularity of the shelter, known as the Walton grantor retained annuity trust, or GRAT, shows how easy it is for the wealthy to bypass estate and gift taxes.

The International Ethics Standards Board for Accountants released for public consultation Tuesday a proposed strategy and work plan for the next five years.

The Center for Audit Quality has published a member alert highlighting some of the main risks it sees for auditors to watch out for as they examine financial statements for this year.

Ernst & Young has purchased the U.S. tax preparation and court accounting outsourcing businesses of Thomson Reuters, which includes approximately 175 employees.

The European Commission reached a provisional agreement Tuesday with the European Parliament and the member states of the European Union on reforming the audit firm market in Europe, requiring public companies in the E.U. to rotate their auditing firms every 10 to 24 years, avoid non-audit services for the same clients, and prohibit Big Four-only clauses.

Southern California accounting firm HMWC CPAs & Business Advisors donated to six local nonprofits this holiday season.

Prenuptial agreements are essential in many situations, but it is always awkward for one of the blissfully in love parties to bring it up. Prenups consider the possible failure of the happiest thing in the two people’s lives.

H&R Block has improved the user interface for its online and iPad tax preparation software.

The Internal Revenue Service has reportedly filed a tax lien for more than $18.3 million against Filipino boxer and politician Manny Pacquiao.

The Virginia Society of CPAs welcomed 25 young CPAs selected to attend the 2013 VSCPA Leadership Academy for young professionals Nov. 18-20 at the Place at Innsbrook in Glen Allen.