The Latest

Faced with steep budget cuts, the Internal Revenue Service directed more taxpayers to consult Web sites and its mobile app for answers to their questions this year rather than visiting the IRS’s walk-in Taxpayer Assistance Centers or calling its phone lines, while also using technology to detect tax refund fraud.

Decreases in inflation, personal taxes, and underemployment have lifted Americans’ overall financial satisfaction further into positive territory, according to the Q1 2015 PFSi (Personal Financial Satisfaction Index) released today by the AICPA.

Ernst & Young LLP agreed to pay $10 million to settle New York’s lawsuit accusing it of helping Lehman Brothers Holdings Inc. hide financial problems in the years leading to its 2008 collapse.

Small businesses are benefiting from the improving economy, and both hiring and access to credit have been picking up in recent years, even though there have been some recent slowdowns.

Through its NextGen Initiative, TD Ameritrade Institutional will be working to bring younger talent and greater diversity to the registered investment advisor (RIA) industry. Including its annual scholarships, grants and a long-term sponsorship agreement with Texas A&M University, TD Ameritrade Institutional plans to invest $2 million toward helping attract next generation talent and raising awareness of the RIA industry on campuses across the country.

SaaS expense management provider Tallie has partnered with Practice Engine, a supplier of practice management systems to professional firms.

Doblin, Deloitte’s innovation and design practice, released a Ten Types of Innovation app for iPad, providing interactive tools and processes to help businesses discover, develop and test new growth opportunities.

In 2011, the federal government stopped the Advance Earned Income Tax Credits program. Today, Earned Income Tax Credits still exist, but on a 1040 personal tax return level only.

Tax directors at many organizations anticipate their companies will grow by entering into new domestic and international markets in the years ahead, according to a new survey by BDO USA.

The Association of Chartered Certified Accountants and the Institute of Management Accountants have published a report examining the future function of the CFO in the finance department of tomorrow.