News

The House Ways and Means Committee moved forward with reviving six tax breaks that lapsed at the end of 2014. “We’ve all been down this road so many times — retroactive extensions, uncertainty,” said Rep. Paul Ryan, R-Wis., chairman of […]

Cybercriminals have launched attacks on at least 88% of U.S. brokerages and 74% of advisers, the Securities and Exchange Commission said in a report. Most of the attacks came as fraudulent email messages requesting the transfer of clients’ funds, the […]

President Barack Obama’s $4 trillion budget proposal includes tax increases that have little hope of passage by a Republican Congress, but it also contains initiatives that have long been priorities for GOP leaders. Many agree with Obama on a need […]

President Barack Obama plans to ask Congress to tax U.S. corporate profit accumulated overseas to pay for a $478 billion public works program. Under the proposal, an estimated $2.1 trillion that multinationals have amassed in profit abroad would be taxed […]

The International Monetary Fund reduced its forecast for global economic growth in 2015 to 3.5%, from 3.8%, blaming “investment weakness” for a slowdown in advanced emerging markets, such as Brazil.

President Barack Obama is proposing tax increases for the richest Americans to pay for proposed tax breaks for couples who both earn and increased tax credits for child care and higher education. The proposals would increase the top capital gains […]

The Senate Finance Committee has established five working groups to examine the tax code and create recommendations for comprehensive reform. The groups, each co-chaired by a Republican and a Democrat, will focus on the business income tax; individual income tax; […]

The AICPA today released a new economic barometer, the PFSi (Personal Financial Satisfaction Index), which weighs a variety of economic factors to calculate the financial standing of a typical American. The PFSi debuted at +6.6, and calculated retroactively, shows an […]

In this blog post, Olivia Kirtley, former chair of the AICPA board of directors and current president of the International Federation of Accountants (IFAC), calls accountants the Swiss Army knife for modern business, equipped to bring transparency and accountability to […]