Archived News for Tax & Accounting Professionals

Americans getting better with credit card debt

Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.

News • May 21st, 2013

66% of small businesses planning on spending more on digital marketing

In a hyper-connected world where a strong online presence could mean better growth opportunities for business, 2013 looks to be another year of significantly increased online investment for small businesses.

News • May 21st, 2013

California tax preparer pleads guilty to tax evasion

A Patterson, California, tax preparer pleaded guilty Monday to one count of tax evasion and one count of structuring bank transactions in order to conceal her income, U.S. Attorney Benjamin B. Wagner announced.

News • May 21st, 2013

AICPA supports bill to exempt valuation specialists from fiduciary status

“The American Institute of CPAs (AICPA) welcomes the introduction of this legislation by Representatives Brett Guthrie (R-Ky.), Lynn Jenkins (R-Kan.) and Dave Loebsack (D-Iowa).

News • May 21st, 2013

Oklahoma Tornado: 50+ Fatalities, Disaster Area Declared, Federal Aid Opened Up

The U.S. Department of Homeland Security's Federal Emergency Management Agency announced that federal disaster aid has been made available to the State of Oklahoma to supplement state, tribal, and local recovery efforts in the area affected by severe...

News • May 20th, 2013

Canada trying to lure Silicon Valley tech workers

SAN JOSE, Calif. (AP) — The Canadian government has launched an aggressive campaign to lure Silicon Valley tech workers frustrated by U.S. visa policies northward, just as Congress wrestles with a long-sought overhaul of America's immigration...

News • May 20th, 2013

NAEA partner to offer affordable custom websites for tax pros

The National Association of Enrolled Agents and GetNetSet, LLC., have announced a partnership agreement through which the 11,000 members of the national tax preparer association can receive a discount professional website services.

News • May 20th, 2013

IRS probe focused on small groups, ignored large ones on both sides

The nation's tax agency has admitted to inappropriately scrutinizing smaller tea party organizations that applied for tax-exempt status, and senior Treasury Department officials were notified in the midst of the 2012 presidential election season that...

News • May 20th, 2013

New Minnesota tax law would increase revenue by $2.1 billion

The Minnesota House has passed a tax bill that could raise revenue $2.1 billion by boosting taxes on high-wage earners, smokers and corporations.

News • May 20th, 2013

Florida town waits for news of local $590 million Powerball winner

It could be an anxious wait of up to two months for people in a small Florida city to find out who won the highest Powerball jackpot in history: an estimated $590.5 million.

News • May 20th, 2013

High gas prices hurt economy, but low gas prices don't help much either

80% of Americans have not increased their discretionary spending despite gasoline price declines in the first half of 2013.

News • May 20th, 2013

Consumer spending to increase, say economists

Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.

News • May 20th, 2013

Overview of the IRS Controversy to Date

The Internal Revenue Service is feeling the sort of heat that targeted taxpayers feel from the tax agency. It's the sense that a powerful someone is breathing down your neck.

News • May 20th, 2013

CCH Parent Company Acquires Brazilian Payroll Software

Acquisition extends Wolters Kluwer’s leading position in Tax & Accounting software

News • May 20th, 2013

Yahoo to acquire Tumblr for $1.1 billion

ahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications.

News • May 19th, 2013

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