The Latest

Bloomberg BNA has released a report on projected 2016 tax rates, providing a detailed forecast of inflation-adjusted tax items.

Thomson Reuters is forecasting the tax rates for next year and predicting they will be adjusted upward in line with modest inflation.

The Internal Revenue Service has set the special per diem rates starting Oct. 1, 2015, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home.

The Georgia Society of CPAs (GSCPA) and the Georgia Food Bank Association have announced the results of the second annual Georgia Accounting Food Fight. During the friendly, two-week competition, accounting firms and industry accounting departments statewide raised food and funds for Georgia's eight regional food banks. The competition took place Aug. 17-28.

Pressures are growing quickly around the world for internal auditors who work in the financial services industry, according to a new report.

The tax-writing House Ways and Means Committee plans to hold votes Thursday on several Republican-sponsored bills that would make five temporary tax breaks into permanent parts of the Tax Code.

Ernst & Young reported that its global revenues for the fiscal year ended June 30, 2015 rose to $27.8 billion, an 11.6 percent increase over the firm’s fiscal 2014 revenues in local currency terms.

The Association of Chartered Certified Accountants and the Institute of Management Accountants have debuted a new website and research report exploring the future of the accounting and finance profession.

In a letter to the Senate Finance Committee yesterday, the AICPA commended the committee for its efforts to combat identity theft and tax fraud in the Chairman’s Mark of a Bill to Prevent Identity Theft and Tax Refund Fraud, but spelled out concerns regarding the bill’s provision granting broad authority to the Department of the Treasury and the IRS to regulate paid tax return preparers.

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