Practice Management

Grant Thornton LLP said it achieved a record amount of revenue for fiscal year 2012, generating $1.212 billion in revenue for the fiscal year ended July 31, a 9.3 percent increase from the prior fiscal year.

Facebook has reportedly paid only about $315,000 in taxes in the United Kingdom last year, even though the social networking giant reported U.K. revenues of about $32.8 million and is estimated to have earned over $281 million in the U.K.

ParenteBeard LLC has formed a “China desk” within the firm to provide clients with consulting services related to China, effective immediately.

Federal charges have been filed against 40 defendants in 20 separate cases in Florida dealing with thousands of stolen identities and millions of dollars of fraudulent identity theft tax filings.

A part-time blogger has been convicted of filing a false income tax return that left out nearly $142,000 in taxes on the income he earned on the side from selling advertising space on his blog.

Vice President Joe Biden sparred with Republican vice presidential candidate Paul Ryan in a lively debate over taxes, foreign policy, the economy, Medicare and Social Security.

Are you upset at the new tax prep franchise in the strip mall down the street that is siphoning off some of your return business?

The founder of a business called Uncle Sam’s Tax Service has pleaded guilty to stealing the identities of dead people and using them to file tax returns.

The former head of the Polaris accounting association has started a new association of independent accounting, legal and consulting firms known as Abacus Worldwide.

At the request of the IRS Chief Technology Officer, the Treasury Inspector General for Tax Administration reviewed the 2009 re-engineering of the service’s End-User Equipment and Services organization, and declared it successful.