Archived News for Tax & Accounting Professionals

IRS Chief Fired Over Targeting of Conservative Nonprofits

President Obama announced during a press conference at about 5:30 on Thursday evening that the Treasury Secretary had asked for, and received, the resignation of the acting Commissioner of the Internal Revenue Service.

News • May 15th, 2013

New features in Sage One give small businesses integration with bank data and offer greater customization

Sage says the new features were developed in response to customer feedback, allowing Sage One to meet small business needs while also delivering a positive user experience.

News • May 15th, 2013

Get ready for the post-PC world, says accounting thoughtleader

Rick Richardson Delivers Keynote to New Jersey CPA Society: More than 1,200 professionals gather at New Jersey CPA conference for keynotes, CPE credits and networking.

News • May 15th, 2013

$130k embezzlement charged against bank employee

If convicted, she could face up to 30 years in prison.

News • May 15th, 2013

New Fully Online Nonprofit & Government Accounting System Gives More Freedom for Users

Save money and resources with browser-based accounting for distributed offices and remote users

News • May 15th, 2013

IRS bias against conservative groups may result in civil rights probe

The FBI's criminal investigation of the Internal Revenue Service could include potential civil rights violations, false statements and potential violations of the Hatch Act, which prohibits federal employees from engaging in some partisan political...

News • May 15th, 2013

Baby Boomer retirements driving small business sales

Baby boomers preparing for retirement are driving a surge in small business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions.

News • May 15th, 2013

L.A. finds forgotten city account of $42.6 million

During years of cuts to basic services, Los Angeles city officials say, nearly $43 million piled up unnoticed in a Department of Transportation fund because of an accounting error.

News • May 15th, 2013

Regions Bank settles $25M fraud complaint

Birmingham, Ala.-based Regions Financial Corp. has agreed to pay the Louisiana Firefighters' Retirement System $25 million to settle a complaint alleging that it was defrauded by a former portfolio manager, The (New Orleans) Times-Picayune reported...

News • May 15th, 2013

Thomson Reuters makes big indirect-tax announcement for businesses doing global trade

Robust determination and calculation engine extends ERP tax functionality to support complex indirect tax needs

News • May 15th, 2013

Bipartisan tax overhaul proposal being reviewed in Maine

Lawmakers on Friday were presented with a dramatic tax reform proposal co-sponsored by bipartisan group of legislators.

News • May 14th, 2013

Missouri lawmakers send income tax cut proposal to governor

Whether Missouri individuals and businesses get the first state income tax cut in 90 years is up to Gov. Jay Nixon.

News • May 14th, 2013

Federal Reserve says it is broadening financial monitoring

The Federal Reserve has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another financial crisis, Chairman Ben Bernanke said Friday.

News • May 13th, 2013

Survey: Small business owners say cash flow is at best level in 5 years

U.S. small-business owners became slightly more optimistic in April, with the Wells Fargo/Gallup Small Business Index rising to +16, from +9 in January.

News • May 13th, 2013

Washington reports state sales taxes return to pre-recession levels

Taxes collected from all retail sales grew by 5 percent in Washington state last year, the biggest jump from one year to the next since the recession began in 2008.

News • May 13th, 2013

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