The Latest

The Internal Revenue Service and the Justice Department said Tuesday they have conducted a massive nationwide sweep to nab identity theft fraudsters as part of a stepped-up effort against tax refund fraud.

The Senate Finance Committee held a hearing Tuesday to examine the growing number of tax extenders in the Tax Code that need to be renewed every year or two, and how there could be greater predictability with overall tax reform.

President Obama encouraged Congress to act on a package of legislative proposals to expand tax breaks and financing for startups and small businesses.

Rep. Pete Stark, D-Calif., the ranking Democratic member of the House Ways and Means Health Subcommittee, has introduced a new bill aimed at closing what he considers a “tax loophole” exploited by former House Speaker Newt Gingrich.

The Internal Revenue Service has approved the National Society of Accountants as a continuing education provider for tax professionals, as part of its efforts to regulate the tax preparation profession.

The American Institute of CPAs and the Chartered Institute of Management Accountants formally launched their Chartered Global Management Accountant designation on Tuesday with a joint event in New York and London.

Today’s small business owners are more discerning when it comes to choosing an accountant.

The Blue Ribbon Panel on Private Company Financial Reporting has recognized that there are many issues in the way private companies and small businesses use GAAP.

Auditor reports are oftentimes misinterpreted, misread or not read at all, according to a new study that calls for significant changes in the reports.

Schenck Announces New Shareholder