Just because you have years of experience in an activity and have made an occasional profit at it doesn’t mean you have a profit motive, according to the Tax Court. And without a profit motive, you don’t get to deduct losses from the activity.

Tax executives are worried about some of the risks to their companies from the Organization of Economic Cooperation and Development’s Base Erosion and Profit Shifting project and U.S. tax reform proposals.

Moses Kgosana, who was due to take the role of Alexander Forbes Group Holdings Ltd. chairman at the end of August, withdrew from the position after allegations emerged related to his tenure as chief executive officer and senior partner at KPMG South Africa.

A surprise ruling in an ERISA case reverses earlier courts.

Accounting standards — and accountants — are struggling to achieve relevance in the 21st century

Modern PM systems are growing to encompass more and more aspects of a firm.

I have always tried to run my practice as the business that it was. As such, I used certain numbers or metrics to evaluate how I was doing. I did this when I started out and every step along the way as my practice grew.

Marketing an accounting firm to prospective clients can be a challenge.

The U.K. Financial Reporting Council opened an investigation into PricewaterhouseCoopers LLP’s audits of BT Group Plc over three years following an accounting scandal in the carrier’s Italian unit that led to a writedown of 530 million pounds ($687 million).

The former chief financial officer of American Realty Capital Partners Inc. was convicted of misleading investors by falsely inflating a key financial metric used to evaluate the performance of the real estate investment trust.