US-House-of-Representatives1

July 10, 2013 

Bill banning audit firm rotation mandate passes U.S. House

On Monday evening, the U.S. House of Representatives passed a bipartisan bill that would ban the the potential of mandatory audit firm rotations that have been suggested by the head of the Public Company Accounting Oversight Board (PCAOB).

asbury1

July 8, 2013 

New Jersey to offer more tax incentives for businesses

The Senate is moving toward final adoption of an overhaul of the state's economic-development programs targeting billions of dollars in tax incentives to companies that locate, expand, or engage in other activities in New Jersey creating job growth.

 Pennsylvania legislators look to end tax avoidance loophole

July 6, 2013 

Pennsylvania legislators look to end tax avoidance loophole

The new policy will outlaw a set of tax avoidance practices in which Pennsylvania businesses transfer some of their assets to holding firms in states like Delaware, where the assets will be taxed at far lower rates -- or not at all.

 IRS: Tax fraud turns to murder charges in California

June 25, 2013 

IRS: Tax fraud turns to murder charges in California

When Oakland, California rapper Brondon "Thudda Boy" McDaniel decided on his own last year to commit tax fraud, using a scheme he and two others devised a year earlier, he didn't realize the decision would result in his death, a prosecutor said Monday.