Practice Management

British Petroleum will be able to write off $15.3 billion of the $20.8 billion settlement of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, according to an advocacy group.

The Internal Revenue Service is offering tax relief to victims of the historic flooding in recent days in South Carolina.

The Internal Revenue Service has made only limited progress to date in eliminating the unnecessary use of Social Security Numbers in tax forms, letters and notices, according to a new report, leaving taxpayers exposed to potential identity theft.

The leaders of the Senate Finance Committee are asking Volkswagen about the federal tax credits given to buyers of its vehicles for owning energy-efficient cars, amid revelations that the automaker programmed its devices to cheat emissions tests.

Top 10 Gulf Coast Regional Leader LaPorte CPAs announced that it will merge with Beyer, Stagni & Co., effective December 1.

Nearly three-quarters of Fortune 500 companies booked their profits to tax havens last year, with just 30 companies accounting for 62 percent of earnings stashed offshore, according to a new report.

When I talk to CPAs about practice management, one theme that always seems to pop up is the fact that “a client” or “several clients” cause headaches for the firm.

One of Canada’s largest accounting firms, MNP LLP, has chosen a new CEO, Jason Tuffs, who took over as the fourth CEO in the firm’s 58-year history on October 1.

One-quarter of corporate tax and transfer pricing directors believe their companies will fail to meet the first deadline proposed by the Organization for Economic Cooperation and Development in its Base Erosion and Profit Shifting Action Plan, according to a new survey.

Former UBS AG executive Hansruedi Schumacher, who pleaded guilty to helping Americans dodge taxes and testified at trial against his former boss, was sentenced to five years of probation by a judge who granted him leniency.