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In the midst of what he termed the "mother of all crises," former Federal Reserve Chairman Paul Volcker maintained that the worsening economic climate sends a clarion call to repair and reform the U.S. financial system.
April 8 -
The Maryland Senate passed a CPA mobility bill by a unanimous 47-0 vote about an hour before midnight on the final day of the Maryland General Assembly's 2008 session.
April 8 -
A federal judge has ordered the Internal Revenue Service to refund over $20,000 in taxes to the Democratic Leadership Council, saying the IRS broke its own rules by first granting tax-exempt status to the DLC and then revoking it.
April 8 -
California pet sellers, beware. The state's Board of Equalization plans to send letters to pet associations and pet-and-feed stores to tell them that sales of dogs, cats and other animals are taxable.
April 8 -
Less than a week to go before April 15, and it's almost time to take a well-deserved rest after a long tax season.
April 8 -
House Ways and Means Committee Chairman Charles Rangel, D-N.Y., has introduced a bill to help struggling homeowners with a refundable tax credit, even as a bipartisan Senate bill faced a threatened veto from the Bush administration.
April 8 -
The American Institute of CPAs has issued revised Standards for Performing and Reporting on Peer Reviews, along with interpretations of those standards.
April 8 -
The Securities and Exchange Commission has filed securities fraud charges against five former San Diego officials who failed to adequately disclose problems with the city's municipal bonds in 2002 and 2003.
April 8 -
Many clients of CPA firms are Boomers who will be retiring in increasing numbers over the next decade. What does that mean? Obviously that means firms will be looking to continue to retain many of those retirees as clients,and it will also mean there will be a need to find a steady supply of new clients.
April 7 -
The Internal Revenue Service has inadequate security controls over its routers and switches, jeopardizing sensitive taxpayer information, according to a report by the Treasury Department's inspector general.
April 7