Practice Management

Lawmakers in Congress have included a fourth renewal on the ban on Internet access taxes as part of a spending deal to avert a government shutdown.

Congress has cut the Internal Revenue Service’s budget once again, reducing the tax agency’s fiscal year 2015 budget by 3 percent compared to this year’s funding level.

KPMG International said it realized record revenues globally of US$24.82 billion for the fiscal year ending Sept. 30, 2014, a 6.3 percent increase over the previous year in terms of local currency.

The other day I spent an hour drafting a long email detailing out the errors I picked up on in a client’s balance sheet.

The IRS is reminding practitioners that the deadline for those who want to participate in the new voluntary Annual Filing Season Program must complete the continuing education requirements by Dec. 31.

U.S. Senate Finance Committee Chairman Ron Wyden said he expects Congress to pass legislation that would permanently extend three lapsed tax breaks for charitable contributions.

U.S. states are taking advantage of an expanding economy to cut taxes by the most in 14 years while spending more on education and other programs, according to the National Association of State Budget Officers.

The Internal Revenue Service needs to do more to reduce the risk of improper payments of the Earned Income Tax Credit and the Additional Child Tax Credit, according to a new government report.

Deutsche Bank AG was accused of using underfunded shell companies to evade U.S. taxes in a government lawsuit seeking $190 million in taxes, penalties and interest.

Top 100 Firm McGladrey LLP has signed a definitive agreement to acquire substantially all the assets of Fesnak LLP in Philadelphia.