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Intuit has signed a deal to acquire online payroll service PayCycle for approximately $170 million in cash, boosting the accounting and tax software vendors presence in the payroll business.
June 2 -
IRS Commissioner Douglas Shulman laid out the Obama administrations plans for cracking down on offshore tax evasion, including extending the statute of limitations.
June 2 -
The new administration released its budget and included its revenue proposals, detailed by the Treasury Department in the "Greenbook." There is quite a bit of material, so I want to focus on the proposals that didn't happen that are of concern to accountants and clients.
June 1 -
A California businessman was sentenced to a five-year jail term for tax evasion and ordered to pay a $75,000 fine, as well as given a tongue lashing by the judge, after he failed to report the profits from his marble tile company on his personal income tax return, claiming the business was owned by a pure trust.
June 1 -
Minority-owned businesses were less successful in obtaining awards from the Treasury Departments New Markets Tax Credits program than non-minority entities in recent years, according to a new government report.
June 1 -
Clifton Gunderson has moved its headquarters from Peoria, Ill., to Milwaukee, making it the largest accounting firm to be based in Wisconsin, as new CEO Krista McMasters takes the reins.
June 1 -
Accounting firm LarsonAllen has expanded its presence in Arizona by combining with Scottsdale-based Cronstrom, Osuch & Co.
June 1 -
Independent research confirms that people make a series of five buying decisions whenever they are being sold to.
June 1 -
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Under the heading, "Nothing in the tax law turns out to be easy," add the temporary motor vehicle sales tax deduction enacted in the 2009 Recovery Act. The concept sounds simple enough: Give consumers a tax incentive to purchase new vehicles in an effort to help the ailing auto industry. Its execution, however, has left many tax advisors scratching their heads over the number of issues that have been raised in connection with this new deduction.
June 1