The Latest

Mary Kopczynski, CEO of 8of9 Consulting, discusses how the intergovernmental agreements that the U.S. has been negotiating with other countries to facilitate FATCA compliance are affecting U.S. expatriates and citizens abroad, in an interview with AccountingToday.com editor-in-chief Michael Cohn.

Every firm is working through the succession maze and dealing with the exit of key partners in the firm.

Deloitte & Touche LLP has agreed to pay $2 million to settle charges with the Public Conpany Accounting Oversight Board for violating the Sarbanes-Oxley Act and PCAOB rules by allowing a former partner to perform or continue to perform activities as an “associated person” that were prohibited while he was subject to a PCAOB suspension order.

The American Institute of CPAs has selected William E. Balhoff, managing director and CEO of Postlethwaite & Netterville, a firm in Baton Rouge, La., as the new chairman of the AICPA’s board of directors.

The Internal Revenue Service announced on Tuesday that it will delay the start of the 2014 tax filing season by as much as two weeks due to delays caused by the recent closure of the federal government.

The American Institute of CPAs has faced a hectic year dealing with problems like the last-minute fiscal cliff deal that delayed tax season, along with the after-effects of Superstorm Sandy and the impact of changes at the Internal Revenue Service that made life difficult for many tax practitioners.

The Internal Revenue Service estimates that between 21 and 25 percent of Earned Income Tax Credit payments were issued improperly during fiscal year 2012, or approximately $11.6 billion to $13.6 billion, and those estimates may be understated because laws that extended increases in the EITC were not factored into the estimates, according to a new report.

Sales tax management software maker TaxJar has released TaxJar Pro, an automated local sales tax reporting tool designed specifically for accountants who serve eCommerce clients with accounts on Amazon, Shopify, eBay, Etsy and PayPal.

Is your accounting firm more like a famous rock band or a garage band? Angie Grissom and Scott Bradbary of The Rainmaker Companies gave an entertaining keynote speech at Accounting Today’s Growth & Profitability Summit on Monday comparing how many accounting firms can effectively act like rock bands.

Syracuse, N.Y., accounting firm Dannible & McKee is sending teams of volunteers to participate in the United Way of Central New York’s Days of Caring Oct. 21-24.