Michael Cohn

Payroll service provider Paychex has highlighted five key tax provisions that small business owners should evaluate before the end of the calendar year that could benefit their businesses.

Members of the Institute of Financial Accountants in the United Kingdom have voted to amalgamate with Australia’s Institute of Public Accountants to form one of the largest international organizations of accountants who focus on small and midsize enterprises and accounting practices.

Federal prosecutors in Iowa have agreed to drop a controversial civil asset forfeiture case in which the Internal Revenue Service seized nearly $33,000 from the owner of a Mexican restaurant whose cash deposits at her bank had aroused suspicion of criminal activity.

New York accounting firm O’Connor Davies has launched a new Risk Advisory Group with the help of two veteran accountants formerly with Rothstein Kass, which is now part of KPMG.

Payroll giant ADP provided a set of year-end tax and payroll tips and reminders to small business owners, their accountants and other advisors, to help streamline the tax-filing process.

The American Institute of CPAs is looking for advice on ways to revamp its peer review program for the future to leverage technology to do continuous monitoring of how CPA firms perform audit and accounting work.

In the waning days of the congressional term, a lawmaker has introduced legislation that would offer a reduced tax rate of 8.75 percent on corporate profits repatriated from abroad and use the money to pay for infrastructure improvements.

The Internal Revenue Service released a revenue procedure Friday providing rules for the nationwide rollout of post-appeals mediation for both Offer in Compromise and Trust Fund Recovery Penalty cases.

Financial data provider Powerlytics has crunched the numbers and created a ranking of the most profitable states in which to operate an accounting practice.

The Internal Revenue Service used its legislative authority to hire employees at salaries higher than those typically given to senior executives in the federal government, according to a new government report that found the practice appropriate, even though Congress has now stepped in to change it.

Outgoing House Ways and Means Committee chairman Dave Camp, R-Mich., officially introduced Thursday the comprehensive tax reform package he has been laboring over in recent years.

Sen. Tom Coburn, R-Okla., has released a report highlighting billions of dollars in tax breaks for “special interests.”

The Republican and Democratic leaders of the House Ways and Means Committee have introduced bipartisan legislation to protect taxpayers against the inappropriate use of civil asset forfeitures by the Internal Revenue Service.

Prince Charles has issued a challenge to accountants worldwide to mark the tenth anniversary of his Accounting for Sustainability Project.

The Internal Revenue Service has issued an announcement extending the “deemed compliant” status of countries that are treated as if they had an intergovernmental agreement with the U.S. Treasury Department in place for purposes of the Foreign Account Tax Compliance Act.

The Internal Revenue Service issued the 2015 optional standard mileage rates on Wednesday that are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

A pair of surveys on CFO sentiment pointed to positive expectations for the economy.

Lawmakers in Congress have included a fourth renewal on the ban on Internet access taxes as part of a spending deal to avert a government shutdown.

The Institute of Management Accountants has been named a full voting member of the International Integrated Reporting Council.

Congress has cut the Internal Revenue Service’s budget once again, reducing the tax agency’s fiscal year 2015 budget by 3 percent compared to this year’s funding level.