The Latest

Senate Budget Committee Chairman Patty Murray, D-Wash., and two other prominent Senate Democrats introduced legislation Wednesday to update the Tax Code to help workers and families keep more of what they earn, but also double the penalty on tax preparers who do not follow the Internal Revenue Service’s due diligence requirements for claiming the Earned Income Tax Credit.

Thomson Reuters has released a new global integration framework for its ONESOURCE Indirect Tax solution to work with the SAP ERP application in handling global indirect taxes.

The accounting profession's expectations for economic growth headed downward again, with drops in both their short-term and mid-term forecasts, according to the March edition of Accounting Today’s monthly Accountants Confidence Index.

The Internal Revenue Service needs to do better at enabling its frontline employees to identify potentially dangerous tax practitioners, according to a new government report that found at least 84 taxpayer representatives who represented a threat to IRS employees and at least two instances of physical assault.

Highlights of some of our favorite tax-related blogs from the past week.

Santa Monica, Calif.-based CPA and business advisory firm Gumbiner Savett announced it will be sponsoring the annual Indian Film Festival of Los Angeles for the fifth consecutive year April 8-13.

Robert Bruning, a managing partner of EY’s San Diego practice, has been honored by the University of San Diego with the Author E. Hughes Award for Career Achievement.

An increasing number of employers are using cash-based long-term incentives as part of their employee compensation programs, according to a new survey.

The U.S. Supreme Court decided in favor of the Obama administration in a dispute over taxes on severance compensation, overturning a lower court decision that could have forced the IRS to refund more than $1 billion.

Redcort Software has released Virtual TimeClock 14, the latest version of their employee time-clock software.