Practice Management

The Internal Revenue Service and the Treasury Department's Office of Tax Policy have released a "priority guidance plan" for 2007-2008, outlining the 303 projects they plan to complete through June 2008.

Board directors and general counsel are spending more time on enterprise risk management as a result of Sarbanes-Oxley compliance, but they would prefer not to, according to a newly released study.

A federal court has permanently barred a Queensbury, N.Y., man, Robert L. Schulz, and his organizations, We the People Congress and We the People Foundation, from promoting a tax scheme that encouraged businesses to stop withholding taxes from their employees' wages.

President Bush said he is mulling the possibility of simplifying the corporate tax system, as long as the changes don't affect the amount of taxes the government collects.

The Internal Revenue Service wants teachers to know that a recent tax law change won't affect the way their tax is paid in the upcoming school year.

Accounting firm Bush, Ramlow & Shore is joining Firm Foundation, a recently established association for CPA firms that have approximately 10 to 30 full-time employees.

Workstream introduced an on-demand compensation-planning system, Workstream Compensation Professional, aimed at midsized companies.

Accounting firm Armanino McKenna LLP has formed a division that will act as a media-consulting firm under the leadership of a former newspaper publisher.

One of the more intriguing ideas in the energy bill that the House passed over the weekend was that of doing a "carbon audit" of the U.S. Tax Code. Exactly how Congress proposes to conduct such an audit is another matter.

Longstanding weaknesses in the financial systems of government agencies pose a "formidable challenge," according to a report released by the Government Accountability Office.