The Latest

If death and taxes are inevitable, then death and sales and use taxes are even more so.

According to Info-Tech Research Group, almost 60 percent of North American businesses do not have a disaster recovery plan in place to resume IT services in case of crisis.

Steinberg Advisors has set up an unusual bonus program, giving its full-time employees a one-time bonus of $1,200 to help them cope with rising energy costs.

A new initiative aims to create more diversity among corporate tax professionals.

The Virginia Society of CPAs has chosen a new chairman, Gregory F. Lawson, and a board of directors.

Cindy McCain, wife of presidential hopeful Sen. John McCain, R-Ariz., has released the opening two pages of her 1040 return for 2006 after coming under pressure for refusing to provide details of the sources of her income.

The National Conference of CPA Practitioners held a quarterly meeting in Washington to meet with various senators and representatives as well as the Internal Revenue Service, and talk about tax policy.

The Internal Revenue Service's Spring 2008 Statistics of Income Bulletin is a bit of misnomer as it mainly covers income stats for 2006 and 2005, but the report does provide some interesting insights into income patterns and sources in recent years.

XBRL International has appointed Gilles Maguet as secretary general of XBRL Europe, giving him the job of promoting the adoption of the Extensible Business Reporting Language in Europe.

Under new regulations, taxpayers must consent to the disclosure or use of their tax information by return preparers. Stiff penalties can be imposed on the preparer who makes unauthorized disclosures.