The Latest

The Internal Revenue Service issued guidance that designates the earthquake in Haiti in January 2010 as a qualified disaster for federal tax purposes.

The Internal Revenue Service has issued advice on how to claim the Making Work Pay Tax Credit that was included in the Recovery Act if an employer has not provided the full credit.

Four stellar New Jersey accounting majors were chosen from a group of more than 50 to shadow employees at WISS & Company as part of the firm’s first annual Winter Shadowing Program.

The effects of the economic downturn have been particularly hard on states, which will make life interesting in the year ahead for firms that sell services in the state and local tax area.

The Senate has unanimously passed legislation that allows taxpayers to deduct charitable contributions to aid victims of the devastating earthquake in Haiti.

After staggering through one of the toughest years on record, the profession continues to face imposing challenges, but by seizing on market opportunities and renewing a commitment to providing superior client service, accounting firms may inch gradually forward during 2010.

Joe Theismann, the former all-pro quarterback for the Washington Redskins who led that team to a pair of Super Bowl appearances and one world championship, told roughly 300 attendees representing many of the leading CPA firms in the country that one of the best qualities of leadership is the ability to listen.

Those who are pursuing an MBA, or would like to but are worried about the high cost of tuition, can take heart from a recent Tax Court ruling.

The Internal Revenue Service has increased its maximum value limits for employer-provided vehicles this year.

President Barack Obama proposed new restrictions Thursday on the size and scope of financial institutions to limit their ability to engage in risky trading practices.