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Despite staggering statistics as to the massive scope of fraud in sheer dollar volume and the surprising vulnerability many companies are to white-collar crime, a shocking number of businesses are ill-prepared to prevent it, or are unsure of how to implement an effective prevention program.

STATE TAX REVENUES CLIMB, LOCAL TAX MONEY SLIDES

Treating a worker as an independent contractor rather than an employee has its advantages, say tax experts.

Senate Republicans are offering their own legislation to extend the payroll tax cut while avoiding an extra surtax on millionaires.

IMGCAP(1)]The Financial Accounting Standards Board recently approved a revised accounting standard that requires contributing nongovernmental employers to provide more information about their financial obligations to multiemployer pension plans.

Employees at small businesses made less money in November than in October and were working fewer hours, even though 55,000 new jobs were added at small businesses in November, according to Intuit.

ACL Services Ltd., a provider of business assurance technology for audit and compliance professionals, on Wednesday introduced ACL Acerno, an add-in for Microsoft Excel specially designed for auditors working with data analyzed in ACL Desktop or AuditExchange.

A New Jersey tax preparer was sentenced Wednesday to six months in prison for preparing false tax returns for numerous clients that resulted in an estimated tax loss to the federal government of between $30,000 and $80,000.

The European Commission has proposed a draft law that could split up the largest auditing firms and force them to use a separate entity and name for their advisory and non-audit practices.

The Financial Accounting Standards Board has added a new project to its agenda aimed at reducing or eliminating the need for private companies and not-for-profit organizations to provide as many fair value measurement disclosures as public companies.