Practice Management

Congress has passed legislation exempting accountants from the Federal Trade Commission’s Red Flags Rule requiring businesses to implement a written identity theft protection program.

A UBS client in Seattle has pleaded guilty to filing a false tax return that did not disclose his holdings in secret Swiss bank accounts.

To help bolster technology governance among its nonprofit and government clients, CPA firm Wipfli has launched TechPro, a risk management tool for information security.

Regional CPA and business advisory firm Cherry Bekaert & Holland is adding 14 partners and 100 associates from Berenfeld Spritzer

IMGCAP(1)]As busy season arrives, the focus turns toward long hours, back-to-back client meetings, stacks (or electronic drawers) of files, and the frantic pace of filing deadlines.

The Tax and Accounting Business of Thomson Reuters has enacted a series of enhancements to the platform supporting its NetClient CS client portals, SaaS for the CS Professional Suite, and Virtual Office CS.

Vice President Joe Biden said the administration would be better prepared to oppose the extension of tax cuts for the wealthiest Americans when they expire in 2012.

Big Four firm Ernst & Young could be hit with fraud charges stemming from its alleged role in the collapse of banker Lehman Brothers, the Wall Street Journal reported.

Vice President Joe Biden indicated the Obama administration intends to limit the newly extended tax cuts when they come up again for renewal in 2012.

With just weeks to go before the end of the year, Congress has cleared tax relief legislation extending the Bush-era individual and capital gains and dividend tax cuts for all taxpayers for two years, as well as a 13-month extension of unemployment benefits.