Wealth management

The Internal Revenue Service has published 2010 statistics on foreign trusts indicating an an increasing interest in foreign investment by U.S. taxpayers, and the impact of changes made in 1996 to information reporting requirements.

The two genders may be very different (and vive la difference, as the French would say), but not when it comes to their retirement expectations and preparations, according to a new survey.

Check out the digital edition of the May 2013 issue of Accounting Today.

In 1972, President Richard Nixon cruised to re-election. “The Waltons” premiered on CBS. And Sumner Redstone, who wasn’t yet a global media mogul, made a taxable gift to his children and failed to file a return.

Balances in small business retirement plans have increased an average of 20 percent between 2007 and 2012 in the aftermath of the recession.

You receive a call from a very excited client: your lawyer client settled a large case. Or your client won a large judgment. Or your client won the lottery. Now your client is about to receive a very large check: $1,000,000. $5,000,000. More? That’s the good news.

The Securities and Exchange Commission has granted 45 more days to comment on the Nasdaq proposed internal audit function rule.

Accounting Today is in the midst of collecting submissions for its 2013 ranking of the Top Firms by AUM.

Developments in financial planning from the previous month

Gauging how much risk a client is willing to take is not an easy task. instead, it is a moving target that some professionals compare to diagnosing an illness of a baby or a pet that cannot tell you how they are feeling.

The increase in payroll taxes this year has led to financial stress for many Americans, while taking a toll on their waistlines, sleep patterns and friendships, according to a new survey.

International Federation of Accountants CEO Fayezul Choudhury talks about how accountants, accounting standard-setters and auditors can help stabilize the world financial system in the wake of the financial crisis, in an interview with AccountingToday.com editor-in-chief Michael Cohn.

Barack and Michelle Obama may need some better financial planning advice.

The majority of Americans prefer long-term financial planning over get-rich-quick schemes, according to a new survey.

Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

A pair of senators have introduced bipartisan legislation aimed at expanding the use of S corporation employee stock ownership plans, or S ESOPs, to encourage more Americans to save for retirement.

A new study indicates that despite calls for greater auditor independence, investors prefer companies to be audited by the same firm that also provides it with tax services.

The Securities and Exchange Commission has voted unanimously to adopt rules requiring broker-dealers, mutual funds, investment advisers, and certain other entities regulated by the agency to adopt programs to detect red flags and prevent identity theft.

KPMG has formed a strategic alliance with cloud-based spend optimization product maker Coupa Software to helping clients transform their approach to procurement to improve savings.

Action is needed soon to keep multiemployer pension plans from sliding into insolvency, according to a new government report.