Practice management

Big Four firm PricewaterhouseCoopers unveiled a global branding initiative, truncating its name to the firm’s acronym of pwc (all lower case).

The House passed a bill that will provide $12 billion in tax breaks and a $30 billion lending fund to small businesses by a party-line vote of 237-187.

Congressional Republicans introduced their “Pledge to America” during an event at a lumber store in Sterling, Va., with a document laying out promises to cut taxes and hold down government spending.

The Internal Revenue Service’s Modernized e-File system is facing “significant challenges” processing individual tax returns, according to a new government report.

IMGCAP(1)]As an accountant, you often serve as a primary source of business advice for your clients. So when a business owner begins the process of selling his or her business, it’s you they will likely come to for their first bit of advice.

The Senate Finance Committee held hearings Wednesday on the effects of tax and fiscal policy on the military and veterans and how those could be alleviated through the Tax Code.

The Internal Revenue Service’s collections staff did not always take the right actions before giving up on collecting some types of unpaid employment taxes, according to a new government report that encourages the IRS to do more follow-up.

Doctors have been opting out of the Medicare system at an alarming rate lately as the system goes through a tumultuous year, leaving some accountants’ clients in a bind when they suddenly cannot get their medical bills paid.

BNA has introduced an online tax research library with information on the latest state sales and use tax information.

The Securities and Exchange Commission has obtained an emergency asset freeze in a California courtroom against a company that raised $3.2 million from investors to fund TV and film post-production work by using the name of a well-known post-production company.

A Queens tax preparer has been sentenced to three to six years in prison after he sent threatening letters to a prosecutor who was investigating him for stealing from his clients.

A federal court in Pensacola, Fla., has sentenced three of nine promoters of a fraudulent tax-and-debt-elimination scheme to prison terms for their roles in tax fraud, wire fraud and money laundering.

The Internal Revenue Service disagreed with the recommendations of a new government report that it freeze more taxpayer refunds to give it time to validate them using information supplied by third parties.

Financial Executives International has written to congressional leaders criticizing President Obama’s proposal to close foreign tax credit loopholes in exchange for making the research & development tax credit permanent.

The Internal Revenue Service is trying to decide whether it should make so-called “soft notices” a permanent part of its automated program for encouraging more voluntary compliance by taxpayers.

House Republican whip Eric Cantor, R-Va., said in an editorial Monday that his party will resist any income tax increases in Congress, as the expiration of the Bush tax cuts looms at the end of the year.

Taxpayers stuck in the current economic downturn will get at least some relief in 2011 thanks to the mandatory upward inflation-adjustments called for under the Tax Code, according to CCH

The Internal Revenue Service’s Office of Chief Counsel should improve the timeliness of the private letter rulings it issues and reduce the number of rulings issued, recommended a new government report.

WebCPA and Accounting Today’s parent company SourceMedia has signed a strategic partnership with iLumen to offer a new online resource that will allow CPAs and other accounting professionals to monitor the financial performance of their business clients through an automated client analytics and business intelligence portal.

The Treasury Department said that it has reached the milestone of processing its one-billionth electronic tax payment through its Electronic Federal Tax Payment System.