Practice Management

Apart from financial risk, 66 percent of corporate board members identified reputational risk as their primary concern, according to a survey of 190 board directors by accounting firm EisnerAmper.

Uncertainty lingers over whether Congress will extend all or some of the tax cuts and incentives set to expire at the end of the year.

The Internal Revenue Service saved approximately $10.2 million in equipment costs in fiscal year 2011 by implementing virtual server technology, according to a new government report.

The General Services Administration is now coming under scrutiny for offering government contractors a tax deduction in exchange for giving the agency 19 percent of the money from the tax break.

Check out the digital edition of the May 2012 issue of Accounting Today.

Things don’t look so good for Amazon laws. The laws, which are the efforts of states to extend nexus to cover sales from remote vendors, have suffered several setbacks in recent weeks.

The Tax Code has contributed to rising income inequality in recent decades as middle- and lower-income Americans have seen their incomes stagnate while the wealthiest have experienced staggering income growth, according to a new report.

Sen. Chuck Grassley, R-Iowa, a member of the Senate Finance Committee, is questioning the Internal Revenue Service and the Treasury Department about why they are taking so long to process and pay tax whistleblower rewards.

U.K.-based cloud accounting software maker FreeAgent is making its foray into the U.S. market with the purchase of Lightbank-backed financial forecasting software firm 60mo, whose team will be incorporated into FreeAgent’s new American division, FreeAgent Inc.

A group representing private equity firms is asking the Internal Revenue Service and the Treasury Department to streamline the process for following the requirements Foreign Account Tax Compliance Act and allow them flexibility in case an investor proves to be recalcitrant in providing information.