The IRS must be one of the most frequently sued agencies in the federal government, and now it’s facing a challenge over whether it has the right to charge tax preparers for the annual cost of a Preparer Tax Identification Number.
Tax and finance executives are concerned they don’t have enough resources at their disposal to navigate a risky tax environment, according to a new survey from Ernst & Young.
Regulators have been clamping down on auditors of broker-dealers in recent years in response to the lack of meaningful audits of Bernard Madoff’s investment firm and other scandals uncovered during the financial crisis.
A singer known as Remy has written a tongue-in-cheek love song revolving around the Internal Revenue Service’s recent scandals involving its loss of emails from Lois Lerner, the former director of the IRS’s Exempt Organizations unit.
The comedy team of Bob and Ray used to do a hilarious routine where a member of a group known as the Slow Talkers of America was interviewed by an impatient reporter, but being part of a slow-growing industry is no joke.
A San Francisco tax firm founded by a group of former Arthur Andersen partners has taken the questionable step this week of renaming its firm from WTAS to Andersen Tax.
The research and advisory firm Celent has released a new report cautioning wealth management professionals to be careful about using personal information, recent location and analytical data in their communications with clients that could strike them as “creepy.”
While the effort to pass federal legislation governing sales and use taxes on online purchases appears to have stalled, some states have begun their own initiatives to require online merchants to collect and remit taxes from e-commerce customers across state lines.
H&R Block and Liberty Tax have been expanding from traditional tax preparation services into other areas such as bookkeeping as they reach out to service small business clients year-round, giving traditional accountants some extra competition.
American Express is showing off some innovative technologies for tennis fans at the U.S. Open in Queens, N.Y., that might provide some inspiration for financial professionals.