Archived News for Tax & Accounting Professionals

IRS missing more offshore taxes than it's collecting

In a recently released report to Congress, the U.S. Government Accountability Office (GAO) says that while the IRS has collected billions of dollars from offshore tax evasion, it may be missing even more.

News • May 3rd, 2013

New Jersey's $1.8 billion Sandy recovery plan gets approval

Shaun Donovan, the U.S. Department of Housing and Urban Development secretary, joined Gov. Chris Christie on Monday to announce federal approval of the state's plan to spend $1.8 billion to rebuild after superstorm Sandy.

News • May 3rd, 2013

AP: Consumer confidence rises with upbeat jobs outlook

Americans' confidence in the economy jumped this month, helped by a better outlook for the job market and expectations for higher pay.

News • May 3rd, 2013

Manufacturing Growth Continues with 4.8% Increase

Economic growth is expected to continue in the United States throughout the remainder of 2013, say the nation's purchasing and supply executives in their spring 2013 Semiannual Economic Forecast.

News • May 3rd, 2013

Housing market jumps with prices up 9.3 percent

U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers who bid on a limited supply of homes.

News • May 2nd, 2013

$520M Shortfall for Pennsylvania Budget

An estimate released Wednesday by the state's Independent Fiscal Office shows a $520 million shortfall between projected general fund revenues and Gov. Tom Corbett's proposed budget through the end of the next fiscal year.

News • May 2nd, 2013

Many Part-Time Workers Getting Fewer Hours Due to Health Care Act

The law requires large employers offering health insurance to include part-time employees working 30 hours a week or more. But rather than provide healthcare to more workers, a growing number of employers are cutting back employee hours instead.

News • May 2nd, 2013

Unemployment Claims At Lowest Level Since 2008

The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layoffs and possibly more hiring.

News • May 2nd, 2013

Diebold cutting 700 jobs

Struggling Diebold Inc. started 2013 with one major job cut -- that of now former Chief Executive Officer Thomas Swidarski.

News • May 2nd, 2013

Restaurants see increase in same-store sales

Same-store sales and customer traffic results were mixed; Restaurant operators somewhat more optimistic about sales growth and the economy

News • May 2nd, 2013

IRS Digging into Taxpayer Holdings in Caribbean Banks

A federal court in San Francisco has granted an order authorizing the U.S. Internal Revenue Service (IRS) to serve a summons seeking information about US taxpayers who may hold offshore accounts with FirstCaribbean International Bank (FCIB), a...

News • May 2nd, 2013

Small business owners more optimistic

NEW YORK (AP) — Small business owners are getting more optimistic about their companies. That's the finding of two surveys released Tuesday. The first, conducted in early April by Wells Fargo and Gallup, finds that owners are more upbeat because...

News • May 2nd, 2013

CCH Small Firm Services Partners with eFileCabinet to Offer Client Portals

CCH Small Firm Services and eFileCabinet have announced a new partnership designed to offer integrated portal/file sharing services to tax and accounting professionals.

News • May 1st, 2013

Accounting firm faces claim of conflict of interest in audit of development agency

As a Big 4 firm was auditing JobsOhio's books last fall, it also was seeking $1 million in taxpayer money from JobsOhio for an unnamed client.

News • May 1st, 2013

Most of $178M Hurricane Sandy aid used for removing debris

Records: 75 percent of $178M in FEMA Sandy aid has gone to debris removal

News • April 30th, 2013

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