KPMG’s investment arm, KPMG Capital, has begun making some of its first investments in data analytics companies, with the first funding made public in the Los Angeles-based company Bottlenose, which specializes in real-time trend intelligence.
An tax preparer was sentenced to 57 months in prison for filing false claims with the Internal Revenue Service using the identification of a dead tax return preparer whose practice he had acquired and preparing false documents for numerous fraudulent loans and tax returns.
Steve Henley, senior managing director and national tax practice leader at CBIZ MHM, discusses the tax implications for small businesses of Congress's long-awaited passage of tax extenders legislation.
The Financial Accounting Standards Board said Thursday the the 2015 GAAP Financial Reporting Taxonomy is now available, although it is pending final acceptance by the Securities and Exchange Commission.
The Internal Revenue Service is joining with several national tax and accounting organizations to give taxpayers new options and tips on selecting reputable tax professionals and avoiding unscrupulous preparers.
The $1.1 trillion spending bill passed by Congress this week and signed into law by President Obama on Tuesday contains a provision directing the Treasury Department to implement uniform standards for taxpayers claiming refundable credits such as the Earned Income Tax Credit to stem improper payments.
Congress’s long-awaited passage of tax extenders legislation provides a short-term extension through only the end of this year of dozens of familiar tax breaks for businesses and individuals, along with a new savings program for the disabled.
The Securities and Exchange Commission has imposed sanctions against Baker Tilly Hong Kong Limited and two of its accountants for failing to properly audit year-end financial statements of a company that the SEC has charged with fraud.