The Latest

The National Society of Accountants has submitted comments to the Internal Revenue Service about plans for a tax preparer competency examination, supporting the intended purpose of verifying the “minimal competency” of tax preparers.

The Internal Revenue Service does not always promptly and properly notify taxpayers of inadvertent disclosures of their personal information, according to a new government report.

The National Federation of Independent Business’s Small-Business Optimism Index dropped one tenth of a point (0.1) in June, settling at 90.8.

Six community banks have received a total of $123 million as part of the first wave of capital provided by the Small Business Lending Fund, according to the Treasury Department.

The June CBIZ Small Business Employment Index, a barometer for hiring trends among companies with 300 or fewer employees, increased by only 0.67 percent through the month, after posting an increase of 0.22 percent in May.

IMGCAP(1)]Isn’t technology great when you simply push the power button and it’s instantly ready for you to be productive?

Congress’s two tax-writing committees convened a rare joint hearing Wednesday to consider whether the Tax Code is providing too many incentives for accumulating debt as opposed to equity.

Thomson Reuters has formed a strategic relationship with ktMine to give users of its ONESOURCE Transfer Pricing software access to ktMine’s database of intangible property information.

The Governmental Accounting Standards Board issued two new standards Wednesday that aim to improve government financial reporting in two timely areas: providing taxpayers and others with information about how past transactions will continue to affect a government’s financial statements in the future, and clarifying the circumstances in which hedge accounting continues to be applied when a swap counterparty, or related credit support provider, is replaced.

Project information management software maker Newforma has released Newforma Project Analyzer, which provides project financial and resource management for architectural and engineering project managers and executives.