The Latest

Thomson Reuters has published a special report on the 3.8 percent net investment income tax that was included as part of the Affordable Care Act, which tax preparers will be calculating for the first time on their clients’ 2013 returns.

Anaplan announced the launch of its Territory Planning and Quota Management application on Salesforce1 AppExchange.

The top lawmakers on the House Ways and Means Committee disagreed over whether extending tax breaks for research and international finance operations should be offset to prevent the U.S. budget deficit from growing.

Every accountant who wants to thrive, or at least survive in the ultra-competitive economy of today, must make sure that they take all the necessary steps to achieve maximum efficiency in all areas.

The Internal Revenue Service has continued to make progress in addressing weaknesses in its information security control and improving its internal control over financial reporting, but weaknesses remain that could affect the confidentiality, integrity and availability of financial and sensitive taxpayer data, according to a new report by the Government Accountability Office.

CVS Caremark has agreed to pay $20 million to settle charges from the Securities and Exchange Commission that the drug store giant misled investors about significant financial setbacks and used improper accounting that artificially boosted its financial performance.

The Senate Finance Committee held a hearing Tuesday on the subject of incompetent and unethical tax preparers and heard testimony on how the Internal Revenue Service should deal with them.

The American Institute of CPAs, the National Association of State Boards of Accountancy and Prometric are marking the 10th anniversary of computer-based testing for the uniform CPA exam.

Xero reported 83 percent revenue growth from last year for the company’s fiscal year ended March 31, 2014, with operating revenue increasing to $57.6 million.

House Republicans are showing no sign that they’ll move forward legislation the Senate passed restoring benefits for the long-term unemployed.