News

KPMG has announced a pilot project in which it will pay for 50 college graduates to get a master’s degree in accounting before they start to work full time at the firm. The students will enroll at either Ohio State […]

The US economy added 255,000 jobs last month, exceeding economists’ forecasts. The unemployment rate remained 4.9%, while average hourly earnings rose 0.3% from June.

The economy might lose out on key knowledge and experience and suffer a decline in productivity as more Americans retire, say researchers at Harvard University and the RAND think tank. “An older worker’s experience increases not only his own productivity […]

The US Treasury Department has proposed rules to make escaping the estate tax more difficult for affluent families. The proposal addresses the way interests in family businesses are valued when passed on to an heir.

The Social Security Administration has enhanced its online security, requiring users to enter a security code sent via text message to access their accounts. The move could be problematic for people who don’t have reliable access to text-enabled cellphones.

Results of the annual JofA/The Tax Adviser survey are in, as more than 3,800 CPA tax preparers tell how their return preparation software worked for them during this year’s busy season.

The financial outlook of the average American has reached its highest level in nine years, according to the quarterly AICPA Personal Financial Satisfaction Index (PFSi). This quarter’s PFSi was bolstered by rising home equity and job openings, and CPA executives’ […]

The Federal Reserve held interest rates steady Wednesday, as expected, but it offered an optimistic outlook on the economy and a diminished risk profile. Improvements in the labor market and the economy likely merit “gradual increases in the federal funds […]

More seniors are working past the traditional retirement age as employee benefits change, jobs require less physical exertion and overall health improves. The percentage of people older than 65 in the workforce was 19.4% last month, compared with 15% in […]