The Latest

Talk about good timing. A small-business holiday-shopping campaign led by American Express is peaking this week, just as a new survey says Americans have the warm and fuzzies for local mom-and-pop shops.

James Turley, the global chairman and CEO of Ernst & Young since 2001, said he plans to retire at the end of June 2013.

Phoenix-based CPA Randall Sorensen would love the IRS to take notice of his new software designed to cure what he deems to be the gross overpayment of the Earned Income Tax Credit as a result of fraud.

The Internal Revenue Service said it plans to add a new option to its Preparer Tax Identification Number system in December for users who need to change the email address associated with their online PTIN accounts.

More than $697 million a year in deductions for investment theft losses may have been erroneously claimed by taxpayers, according to a new government report, resulting in a revenue loss of over $41 million to the Treasury.

KPMG represented the Big Four as one of Computerworld’s top 12 Green-IT Organizations for 2011, ranking No. 2 for its efficient strategies, work to reduce energy consumption in IT equipment and use of technology to conserve energy and lower carbon emissions.

The congressional supercommittee called it quits this week only a couple of days before its November 23 deadline, unable to reach a consensus on either taxes or spending cuts.

Thomas Agnello has joined Freed Maxick & Battaglia/RSM McGladrey as client relationship executive.

One of the most popular destinations on the Internet, Wikipedia, is currently in the midst of its annual fundraising drive through its nonprofit parent organization, the Wikimedia Foundation.

The Internal Revenue Service is moving into the second phase of its tax preparer regulation initiative by beginning next week to schedule the first competency tests for tax preparers.