The Latest

Payroll giant ADP provided a set of year-end tax and payroll tips and reminders to small business owners, their accountants and other advisors, to help streamline the tax-filing process.

The AICPA issued a concept paper on Monday concerning the future of peer review, seeking input on the CPA profession’s practice monitoring of the future. The paper, “Evolving the CPA Profession’s Peer Review Program for the Future,” explains how the current peer review program for firms’ accounting and auditing engagements could be changed into a technology-driven, quasi-real time practice monitoring process.

The American Institute of CPAs is looking for advice on ways to revamp its peer review program for the future to leverage technology to do continuous monitoring of how CPA firms perform audit and accounting work.

There are currently 29 million small businesses in the U.S., and 500,000 more are launched each month. Unfortunately, most of those new companies will fail within five years.

U.S. life insurers take billions of dollars in undeserved tax deductions by shifting capital to states with looser reserve requirements and the practice should be halted by the Internal Revenue Service, a New York regulator said.

Affordable Care Act-related tax issues await CPAs and those who prepare their own returns this upcoming tax season, according to the National Conference of CPA Practitioners.

Some of our favorite recent tax fraud cases.

In the waning days of the congressional term, a lawmaker has introduced legislation that would offer a reduced tax rate of 8.75 percent on corporate profits repatriated from abroad and use the money to pay for infrastructure improvements.

The Internal Revenue Service released a revenue procedure Friday providing rules for the nationwide rollout of post-appeals mediation for both Offer in Compromise and Trust Fund Recovery Penalty cases.

Firm awards, relocation and more…