Practice Management

The tax extender and unemployment benefits bill failed to clear a 60-vote hurdle in the Senate on Wednesday.

KPMG plans to bring nearly 375 jobs to its new office in Tysons Corner, Va., just outside Washington, D.C.

The American Institute of CPAs and the National Society of Accountants are voicing their opposition to a provision in the tax extenders and unemployment legislation that could increase the self-employment taxes paid by some professional services firms organized as S corporations.

The Internal Revenue Service has awarded a five-year contract to consulting firm Accenture to design, implement and operate its tax return preparer registration program.

The House approved the Small Business Jobs Tax Relief Act of 2010 on Tuesday by a bipartisan majority of 247-170.

The lower house of the Swiss Parliament voted Tuesday to approve a deal signed by the Swiss and U.S. tax authorities last year to disclose the identities of up to 4,450 U.S.-based taxpayers who have secret bank accounts at UBS.

The Association of Accounting Marketing plans to restructure its committees and subcommittees starting in July.

A married couple was convicted of running an elaborate tax shelter scheme for over a decade in which they marketed tax trusts to clients, filed lawsuits against IRS employees, and prepared a $108 million tax lien against former Treasury Secretary John Snow.

A new report finds that the majority of financial institutions and companies that received funds from the Troubled Asset Relief Program have resolved the unpaid federal taxes they had owed.

Nonprofit organizations need to maintain adequate reserves to safeguard their financial stability, according to a new paper by Grant Thornton.