Archived News for Tax & Accounting Professionals

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

Fannie Mae reports record profit

Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March quarter.

News • May 13th, 2013

Five tips to improve small business cash flow

With spring in the air, it's time for small business owners to review their balance sheets and find opportunities to improve the life blood of their business: cash flow. "Successful entrepreneurs know that while their business may be profitable, cash...

News • May 13th, 2013

North Carolina gets closer to repealing estate tax

North Carolina's "death tax" has one foot in the grave after a Wilson lawmaker's bill passed the state House on Wednesday.

News • May 13th, 2013

IRS says the focus on conservative groups was mistake limited to one office

The Internal Revenue Service apologized Friday for what it acknowledged was "inappropriate" targeting of conservative political groups during the 2012 election to see if they were violating their tax-exempt status.

News • May 13th, 2013

Senator opposes "tax" on crossing the U.S.-Canadian border

Will there soon be a entry fee charged on Canadians visiting the U.S?

News • May 13th, 2013

Archives

Sign Up

Most Popular