Archived News for Tax & Accounting Professionals

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

Are Problems with Whistleblower Program the Next IRS Controversy?

Even after the dismissal of the acting IRS Commissioner and a top deputy who oversaw the tax-exempt division, the problems at the Internal Revenue Service seem to keep growing.

News • May 17th, 2013

Florida investigating $3M Medicaid fraud

A Florida investigation into a $3 million Medicaid fraud scheme surrounding an Orlando woman and her mental-health service business has led to the arrests of several of her employees, who are accused of double-billing and taking kickbacks.

News • May 17th, 2013

Large Ohio City Gets Hacked, Exposed Data May Include Credit Card & SSN Info

The city of Akron on Friday morning notified citizens whose sensitive information, possibly including Social Security numbers and credit card numbers, was compromised in a cyber attack and posted on the Internet.

News • May 17th, 2013

New interim commissioner for IRS, as deputy overseeing tax exempt entities leaves

President Barack Obama picked a senior White House budget official to become the acting head of the Internal Revenue Service on Thursday, the same day another top official announced plans to leave the agency amid the controversy over agents targeting...

News • May 17th, 2013

IRS scandal poses serious hurdle for health law implementation

Political scandals have strange ways of causing collateral damage, and Republicans are hoping the furor over federal tax enforcers singling out conservative groups will ensnare their biggest target: President Barack Obama's health care law.

News • May 17th, 2013

40 states see unemployment drop in April

Solid hiring helped lower unemployment rates in 40 U.S. states last month, the most since November. The declines show the job market is improving throughout most of the country.

News • May 17th, 2013

Recently-merged Prager Metis names new principal

Prager Metis International LLC – a newly combined mid-sized accounting firm with offices in the U.S. and London, has announced the addition of Scott D. Davis to the firm as its newest principal.

News • May 17th, 2013

New e-procurement system completes "purchase-to-pay cycle "

Basware Launches Basware Purchase, Breaking Down Barriers to e-Procurement

News • May 17th, 2013

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