April 23, 2014
IRS Employees with Tax and Conduct Issues Received Bonuses
According to a new report by the watchdog agency that oversees it, an award program for Internal Revenue Service (IRS) employees honored some less than honorable staff.
April 23, 2014
Thomson Reuters Wins Award for Operational Risk Software
Thomson Reuters has been awarded the Operational Risk Software Provider of the Year Award by Operational Risk and Regulation Magazine, in this year's Operational Risk and Regulation Awards. This is the second consecutive year that Thomson Reuters has been awarded this achievement.
April 22, 2014
Former NY Doctor Gets 8 Years for $36M IRS Scam
A former Potsdam orthodontist was sentenced Monday to more than eight years in federal prison for trying to cheat the Internal Revenue Service out of $36 million.
April 22, 2014
Oil & Gas Industry Creates Thousands of Jobs in California
The oil and gas industry creates about 49,000 jobs in Los Angeles County and billions in tax revenue in California. That's according to a new report conducted by the Los Angeles County Economic Development Corp. and commissioned by the trade group Western States Petroleum Assn., which takes a look at the role of oil and…
April 22, 2014
Treasury Secretary to Visit Hard-Hit Detroit
Treasury Secretary Jacob Lew will travel to Detroit later this week for talks with civic, business and nonprofit foundation leaders about how to help revitalize the bankrupt city.
April 22, 2014
Florida Pension Reformers Merge Ideas
House Republicans merged two pension bills Monday in a late effort to salvage House Speaker Will Weatherford's long-sought effort to close the Florida Retirement System to new employees and move them into a 401(k)-style investment plan.
April 21, 2014
Ranking the Best & Worst States for Local Taxes
The tax season may be over now, with most Americans having filed their returns before last week's April 15 deadline, but federal and state income taxes are just one part of the myriad of taxes that people pay.
April 21, 2014
Early Discount Offered for 2014 IRS Tax Forums
Registration for the 2014 IRS Nationwide Tax Forums is now open for enrolled agents, certified public accountants, certified financial planners and other tax professionals. Those who sign up by the pre-registration date will save $130 per attendee off the on-site price.
April 21, 2014
Low-Income Phone Program Comes Under Scrutiny in Ohio
Enforcement letters going to more than 82,000 Ohioans this month mark the latest step in a crackdown on abuse of a federal program that provides free cellphone service to low-income individuals.
April 21, 2014
Accountants at Work (and Play) Post-April 15
What is at the top of your accounting firm's agenda when the sun rises on April 16? Is it all crash and burn? Do you have a pile of unanswered messages and unread articles to plow through?
April 21, 2014
2014 Review of Professional Tax Preparation Systems
Tax preparation remains a major source of revenue for many accounting firms. Although seasonal income for many, a lot of consideration should still be given for the most appropriate tax software solution. Each firm has a different number of employees, client focus and a host of other differences to consider. Thankfully there are plenty of…
April 21, 2014
2014 Review of CCH ProSystem fx
ProSystem fx Tax is the traditional tax service offering provided by CCH. It is intended as an in-house solution, but is also offered as a hosted solution branded as Global fx.