Archived News for Tax & Accounting Professionals

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

U.S. dollar at more than 100 yen, highest in 4 years

The dollar soared above 100 yen for the first time in more than four years Friday, driven by aggressive credit-easing aimed at reviving Japan's sluggish economy and improved U.S. economic figures.

News • May 13th, 2013

Wells Fargo enhances small business lending and services

Bank, small business lender expands services as annual Small Business Appreciation Celebration begins.

News • May 13th, 2013

NYC mayor Bloomberg announces expanded EITC

New York Mayor Michael R. Bloomberg and a deputy mayor focused on healthcare have announced a pilot program to expand the Earned Income Tax Credit for low-income single workers without dependent children, with the goal of increasing employment and...

News • May 11th, 2013

Tax-exempt organizations face May 15 filing deadline or could lose status

A key deadline of May 15 is facing many tax-exempt organizations that are required by law to file annual reports with the Internal Revenue Service. Organizations will see their federal tax exemptions automatically revoked if they have not filed...

News • May 10th, 2013

International Firm Names New Partner-in-Charge of Pennsylvania Office

WeiserMazars LLP Names Vincent Burke Partner-in-Charge of Pennsylvania Office

News • May 10th, 2013

The Heist 2013: Hackers worldwide take $45 million from ATMs ... in hours

Federal prosecutors in New York announced on Thursday that a group of hackers had figured out how to steal more than $45 million from ATMs in countries around the world, from the United States to the Middle East, Europe and Africa. They were...

News • May 9th, 2013

April home foreclosures down 20% to lowest level since 2007

Fewer U.S. homes entered the foreclosure process or were repossessed last month, an indication the nation's foreclosure woes are waning. Nationally, home repossessions fell 20 percent in April from the previous month.

News • May 9th, 2013

Falling gas prices helped April 2013 retail sales

Americans spent briskly during the early spring months in the latest sign that they're encouraged by the economic recovery.

News • May 9th, 2013

Lawmakers consider boosting IRS whistleblower program

Critics contend that delays and inadequate rules have hindered what could be a powerful way to fight tax fraud

News • May 9th, 2013

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