The Latest

The Supreme Court has declined to hear an appeal of cases involving two former NFL players hit by Cleveland’s “jock tax,” which was imposed on visiting athletes according to a “games played” allocation.

The Internal Revenue Service has been developing a new system to detect fraudulent tax returns to replace an outdated system, but has not been able to phase out the old system, which could cost taxpayers an estimated $18 million per year to run both systems, according to a new report.

Xero released Xero for Apple Watch for customers to manage cash flow via notifications and alerts for invoices and bank transactions within the cloud accounting software.

Ernst & Young LLP has merged in NorthPoint Digital, a digital services company based in New York, building EY’s array of technology services for clients.

Deutsche Bank AG’s Swiss unit agreed to pay $31 million to receive a non-prosecution agreement in a U.S. probe of banks in Switzerland that helped Americans evade taxes.

The Georgia Society of CPAs (GSCPA) recently held its third annual financial literacy day this month. The volunteer event, Millennial Money, gave certified CPAs in the state the opportunity to teach eighth-grade students the importance of saving and budgeting.

Highlights of some of our favorite tax-related blogs from the past week.

Finding success with personal financial planning services

Building mutually beneficial strategic partnerships with capital markets

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