The Latest

Two Democrats on the Senate Finance Committee have introduced legislation to regulate paid tax preparers in response to the federal court decision that found the Internal Revenue Service had exceeded its statutory authority in regulating preparers.

The Internal Revenue Service announced that it anticipates opening the 2015 filing season as scheduled in January.

At the recent Information Technology Alliance Fall Collaborative, our members came together using a theme of “2020 Vision for the 2020 Firm” to discuss the issues and opportunities facing their firms as they continue to adapt to an ever-changing technology marketplace.

Large employers are increasingly putting an end to their most generous health-care coverage as a tax on “Cadillac” insurance plans looms closer under Obamacare.

Accounting and finance professionals who switched jobs last year saw an average salary increase of 13.24 percent, according to a new survey.

The District Court for the Southern District of Ohio has upheld the Internal Revenue Service’s imposition of penalties totaling more than $1 million on an estate that failed to file its estate tax return on a timely basis and timely pay the estate tax it owed even though the estate attorney was battling cancer and lost her license to practice law..

The Internal Revenue Service has issued guidance on the mass transit tax break that was recently extended by Congress late last month when it passed long-overdue tax extenders legislation, along with a special administrative procedure to help employers cope with the last-minute retroactive extension.

Intuit has unveiled a free online resource to help tax professionals understand and prepare for the tax implications of health-care reform.

Harriet Greenberg and Kim Dula of Friedman LLP discuss how firms can balance out the partnership gender gap among women and men, in an interview with Accounting Today managing editor Tamika Cody. Greenberg was a partner at the time of the interview but has recently been named co-managing partner at her firm.

Employment and pay at small businesses continued to grow in December, although the number of hours worked by small business employees declined slightly last month, according to QuickBooks maker Intuit.