The Latest

The congressional delay on extending provisions of the Alternative Minimum Tax will likely not impede Intuit's ability to get its tax software out on time, according to senior vice president Brad Smith.

CCH has introduced an online product that provides tax research and compliance information for doing business in emerging markets around the world.

The Internal Revenue Service and the Treasury Department are evaluating the single-rate business tax recently adopted by Mexico to determine whether it can be credited under the terms of a treaty aimed at avoiding double taxation.

H&R Block delayed its Form 10-Q filing for its fiscal 2008 second quarter after hiring a new auditor, but reported a wider loss as the tax prep giant continues to experience fallout from its mortgage business.

As increasing client demand for tax services often exceeds a firm's manpower and resources, many firms are turning to outsourcing services and solutions to save time and expenses while increasing profitability. Listen to how one firm did it during an online session on Tax Prep Outsourcing.

Accountants already face plenty of compliance requirements when it comes to issues like accounting and auditing standards, the Tax Code and Sarbanes-Oxley, so the last thing they need to worry about is being connected to money laundering and terrorist financing investigations, but those problems are exactly what the government is urging them to keep in mind.

Responding to the meltdown in the mortgage and credit markets, the Public Company Accounting Oversight Board has issued a staff audit practice alert to remind auditors of their responsibilities for auditing fair value measurements of financial instruments, and how much reliance to place on the work of specialists.

The Securities and Exchange Commission settled a civil fraud action against the city of San Diego's independent auditor, Thomas J. Saiz and his firm Calderon, Jaham & Osborn, after he agreed to pay a $15,000 penalty.

The Public Company Accounting Oversight Board has imposed a $1 million penalty on Deloitte & Touche and issued orders instituting disciplinary proceedings against the firm and one of its former audit partners for a 2003 audit of Ligand Pharmaceuticals.

NetSuite has kicked off the auction for its initial public offering of 6.2 million shares on the market.