Practice Management

The next time a client complains about the complexity of our tax system, tell them about the proposed financial transactions tax, or FTT. The European Union is moving close to agreeing on an FTT that at the beginning will apply to 11 member states, including France and Italy.

The two leaders of the Senate Finance Committee have offered to take a “blank slate” approach as a starting point for tax reform, in which there would be virtually no tax breaks available, and called on their Senate colleagues to provide suggestions on which tax provisions need to be added back and improved in a reformed tax code.

Oracle, NetSuite and Deloitte have formed a strategic alliance focused on plans to deliver integrated human capital management(HCM) and ERP cloud services for midsized customers.

CPA firms are wrestling their way through partner retirements and the accompanying succession issues in numbers that the profession has never seen before.

An Internal Revenue Service deputy director whose office awarded more than $500 million in contracts to a friend’s technology company wouldn’t testify before a congressional committee.

BDO USA LLP has tapped into Alaska, Minnesota and the Northeast for its latest additions.

National Taxpayer Advocate Nina Olson’s latest mid-year report to Congress calls the IRS “an institution in crisis,” with its many problems affecting its ability to conduct its mission.

The Supreme Court has struck down the Defense of Marriage Act and California’s Proposition 8, awarding supporters of same-sex marriages wins that have major tax implications.

The owner of a New Jersey tax preparation business pleaded guilty to willfully preparing false tax returns for clients.

The Internal Revenue Service’s purchase card program lacks consistent oversight to identify and address inappropriate use, such as overspending on meals, according to a new government report.