Practice Management

The House Ways and Means Committee passed a package of three bills Wednesday designed to save money for the federal government, including one that requires taxpayers claiming the Child Tax Credit to provide a Social Security number for the child to prevent undocumented immigrants from qualifying.

Business software giant SAP has been going beyond its traditional enterprise resource planning specialty to expand into areas such as supply chain management, travel and expense management, and the Internet of Things.

With a 400 percent surge in reported phone and email phishing and malware schemes this tax season, the American Institute of CPAs is working with Congress, the Internal Revenue Service and its members to combat tax-related identity theft and tax return fraud.

The owner and operator of Grant Tax Service, a tax preparation business in Vineland, N.J., has been indicted by a federal grand jury on 18 counts of aiding and assisting in the preparation of false tax returns and five counts of filing false income tax returns.

Mergers and acquisitions are prompting companies to take risky accounting maneuvers, warns a new report from Deloitte.

Apple Inc., facing a European Union probe into its fiscal affairs in Ireland, told a panel of EU lawmakers Tuesday it pays all taxes due in the nation and doesn’t get an unfair advantage compared with other companies there.

The Internal Revenue Service’s audits of business tax returns have declined steeply in recent years, thanks to successive rounds of budget cuts, according to a new analysis.

Greatland Corporation has compiled a list of misconceptions when it comes to tax-reporting requirements. Failing to understand the real truth behind these myths can cost a business extra money to file again or, even worse, to pay steep fines if reporting is not done in compliance with regulations.

Bloomberg BNA has upgraded its BNA State Tax Analyzer with a new NOL Manager function that predicts and analyzes the financial impact of state net operating losses on a business’s cash, effective tax rate and earnings per share.

Most clients who utilize accounting firms to prepare their tax returns make charitable contributions. Many do so in a tax-efficient manner by donating appreciated securities directly to charities or utilizing donor-advised funds through which they make their grants.