Practice Management

The inability of cities and local jurisdictions to collect existing sales taxes on Internet sales translates into billions of dollars in lost revenue, according to a new report from the U.S. Conference of Mayors, that found New York City, Phoenix and Chicago as the top money-losing cities.

Tax prep firm Gilman Ciocia has been acquired by the investment banking and asset management firm National Holdings.

The Swiss parliament rejected a bill designed to resolve a dispute over undeclared bank accounts held by U.S. citizens, potentially setting the stage for American prosecution of the country’s banks

A new study jointly conducted by the Congressional Budget Office and the Joint Committee on Taxation estimates that the bill currently under debate in the Senate would save nearly $1 trillion over the next two decades, largely because more than 10 million additional people would be paying taxes.

New products, channel exec hires, VAR program additions, and insights from our top consulting experts. Who keeps track of it all? That would be me and here's my take on it for this week.

Pennsylvania Governor Tom Corbett has signed into law a measure that will allow more practical, broad-based professional experience to fulfill the requirements for getting a CPA license.

SAP has signed the first financial services-focused reseller to its Master VAR Program with the inclusion of Sita Corp., which primarily represents SAP products for the financial services and banking industry.

Staffing is among the top management issues facing CPA firms, according to a recent survey by Sageworks, a financial information company. That’s not surprising, considering many firms are experiencing a staffing crisis as they lose significant percentages of top staff.

A group of lawmakers from the tax-writing House Ways and Means Committee have written a letter to Treasury Secretary Jack Lew urging the Internal Revenue Service to back off of a proposed rule change modifying the retail inventory method of accounting, which retailers fear could cost them millions of dollars a year.

A married pair of New Jersey tax preparers have been charged with tax fraud, with the wife arrested at her home, while the husband remains at large.