The Latest

Washington, D.C. - The IRS's Criminal Investigation Division needs to improve the way it manages the criminal tax investigations it refers to the Justice Department for prosecution, according to a new government report.

The proliferation of Tax Code changes, rules and regulations at the federal and state level has made the availability of services that can provide quick answers and extensive research to support a position on a tax return more necessary than ever. And thankfully for most researchers, flipping through - and filing - loose-leaf paper tax services is a thing of the past.

Codification of the economic substance doctrine by the Health Care and Education Reconciliation Act of 2010 has produced a palpable level of anxiety among many tax practitioners over how the new law will be applied to a variety of tax strategies.

New York - A class-action lawsuit by former shareholders of Lehman Brothers has been amended to add the defunct investment bank's auditor, Big Four firm Ernst & Young, as a defendant.

Net@Work, a major New York-based Sage reseller and document management service provider, has acquired Boston-based MAS 90 and MAS 200 reseller Fitzgerald Group, giving the firm a much larger Northeast presence and over 700 new customers.

CPA firms, like many other businesses throughout the country, are feeling the sting of the recession. The mood of the client-firm relationship is somber at best and panicked at worst. In light of these realities, it is of crucial importance for accounting firms to frame the value of their "softer" assets. By softer assets, I mean a number of intangible but highly valuable characteristics embodied by most CPAs and their firms.

COLLEGE-BOUND TEENS RECONSIDER PLANS

Many successful small and midsized businesses are discovering the benefits of captive insurance companies, and are pursuing the guidance of financial advisors with experience in this arena.

Generational differences in staff productivity, culture and drive have been a hot-button topic for a long time.

Every CPA practice needs quality control. The issue is whether the practice needs a dedicated QC person, and if that isn