The Latest

The government won its second victory in the past month in a lease-in, lease-out tax shelter case, after the Court of Appeals for the Fourth Circuit agreed with a federal district court that BB&T Corp. is barred from obtaining a tax refund of approximately $4.5 million.

The Securities and Exchange Commission has agreed to bar a former Arthur Andersen audit partner from appearing or practicing before the commission for at least five years.

While U.S. and international accounting standards seem set on an inevitable convergence path, some are worried that the U.S. approach may end up becoming a bad influence on International Financial Reporting Standards.

How often do you visit other accounting firms? Many firm associations, when holding a meeting in a city where a firm member is located, often arrange for the attendees to visit that firm’s office in a guided presentation. The Practical Accountant editorial staff also periodically visits accounting firms, and the payoff for us, and also ultimately for our readers, is astounding. The last firm that we visited was Weiser in New York City, and the result was the same.

The Internal Revenue Service stepped up its compliance activities last year and saw its revenues jump, according to a new report.

Document management and workflow provider Cabinet NG has unveiled the latest version of CNG-Books 6.0, its document management system designed for Intuit's QuickBooks.

Entertainment and sports accountant Mike Vaden and his Vaden Group have allied with regional accounting and business advisory firm Joseph Decosimo & Co. to form a business management practice aimed at the entertainment industry and high-net-worth individuals.

Accounting firm Plante & Moran said it was seeing optimism among the businesses it surveyed in the Midwest despite general worries about the economy.

RSM McGladrey said it has made several organizational and leadership changes, merging the firm's lines of business into its operations group and strengthening its regional management structure.

For nearly 30 years, futurists have been predicting the advent of the paperless office, an all-electronic era of documents and infinite storage space. How fast are CPA firms moving toward that strategy and what steps do they need to take to get there?