The Latest

The Internal Revenue Service announced the selection Tuesday of three new members and a chairperson of the IRS’s Electronic Tax Administration Advisory Committee.

Launching a payroll practice does not have to be overwhelming, in fact if the right business model is adopted, starting a payroll venture can happen faster than one might think…and with far less stress.

The popularity of the shelter, known as the Walton grantor retained annuity trust, or GRAT, shows how easy it is for the wealthy to bypass estate and gift taxes.

The International Ethics Standards Board for Accountants released for public consultation Tuesday a proposed strategy and work plan for the next five years.

The Center for Audit Quality has published a member alert highlighting some of the main risks it sees for auditors to watch out for as they examine financial statements for this year.

Ernst & Young has purchased the U.S. tax preparation and court accounting outsourcing businesses of Thomson Reuters, which includes approximately 175 employees.

The European Commission reached a provisional agreement Tuesday with the European Parliament and the member states of the European Union on reforming the audit firm market in Europe, requiring public companies in the E.U. to rotate their auditing firms every 10 to 24 years, avoid non-audit services for the same clients, and prohibit Big Four-only clauses.

Southern California accounting firm HMWC CPAs & Business Advisors donated to six local nonprofits this holiday season.

Prenuptial agreements are essential in many situations, but it is always awkward for one of the blissfully in love parties to bring it up. Prenups consider the possible failure of the happiest thing in the two people’s lives.

H&R Block has improved the user interface for its online and iPad tax preparation software.