The Latest

The Tax Foundation has released a report on proposals to integrate the corporate and individual income tax codes and how they might work in the context of congressional tax reform.

Liberty Tax Service has developed an executive task force to examine issues within the company “and take aggressive action” to ensure all franchisees meet the tax prep giant’s standards.

Industry consultant Allan Koltin once shared a statistic that probable client retention rates were 81 percent for clients using four services from their financial services provider, compared with 12 percent for clients using just one service. This indicates that accountants can benefit when clients utilize more services from the firm.

The Public Company Accounting Oversight Board has published an alert describing concerns from the PCAOB staff about auditors improperly altering audit documentation in connection with a PCAOB inspection or investigation.

The Financial Accounting Standards Board has issued an accounting standards update amending its revenue recognition standard to provide further guidance on performance obligations and licensing.

The House passed a bill Thursday prohibiting bonuses for IRS employees until the Treasury develops a better customer service strategy, the last of six bills passed this week affecting IRS bonuses, hiring practices and policies.

Intuit announced a new portfolio brand for its professional tax products, Intuit ProConnect, which will include Intuit Tax Online, Lacerte and ProSeries.

The Internal Revenue Service’s expanded use of controls this tax season to identify fraudulent refund claims before accepting them into its processing system has allowed the IRS to identify approximately 35,000 fraudulent e-filed tax returns and 741 paper tax returns as of Feb. 29, 2016, according to a new government report.

Dean Dorton Allen Ford, a full-service accounting and consulting firm headquartered in Lexington, Ky., announced this week that Paula Hanson, director of tax services at the firm, has been honored with the Martha Layne Collins Leadership Award for 2016. The award looks to recognize Kentucky women of achievement who inspire other women of the state through their personal and professional lives.

A senior Treasury Department official in charge of international tax policy is seeing a greater role being played by the Group of 20 finance ministers in setting the agenda for tax laws around the world.