The Latest

The fact remains that when CPAs and accountants hear the word “sales,” they tend to run away as fast as possible yet when providers and vendors to the profession hear the same word, they see opportunities to meet their monthly or quarterly quotas.

The U.S. District Court has dismissed all counterclaims California-based technology consultant Alternative Technology Solutions Inc. filed against Epicor in response to the intellectual property lawsuit that Epicor had filed against Alternative.

The Internal Revenue Service has modified the procedures for obtaining its automatic consent to make certain changes in the methods of accounting for amounts paid to acquire, produce or improve tangible property.

KPMG has agreed to pay $8.2 million to settle Securities and Exchange Commission charges that the firm violated rules requiring auditors to remain independent from the public companies they’re auditing to ensure they maintain their objectivity and impartiality.

The Internal Revenue Service recently drafted Affordable Care Act regulations that offer some insight into what will be the associated monetary penalties for individuals who do not take up health care coverage.

The U.S. Departments of Treasury and Education are partnering with accounting and tax software developer Intuit to raise awareness of income-driven repayment plans and other repayment options for federal student loan borrowers.

Mike Goral joins Weaver as partner in the firm’s Dallas office where he will spearhead the firm’s state and local tax services division.

The Taxpayer Advocate proposes a list of rights — and responsibilities

While many taxpayers look forward to filing season as the time they can get “free money” in the form of their tax refund, those with more complex returns are focused as well on avoiding situations that might lead to an audit.

The American Institute of CPAs announced that Judith H. O’Dell was honored with its Special Recognition Award for her work to create changes for private company financial reporting standards.