The Latest

The Internal Revenue Service has issued the optional standard mileage rates for calculating the deductible costs next year of operating an automobile for various purposes.

Presidential candidate Fred Thompson issued a tax plan that would give taxpayers the option of choosing a simplified flat tax.

AccountantsWorld has teamed up with ExpertPlan to help accountants provide retirement-planning services to clients.

CPA firm Habif, Arogeti & Wynne has acquired another Atlanta-based accounting firm, Miller Ray Houser & Stewart, in a multimillion-dollar deal.

The Public Company Accounting Oversight Board plans to explain the deficiencies it found in its recent inspections of smaller auditing firms during an upcoming webcast.

WebCPA presents a free online session discussing various facets of philanthropy and its potential benefits for accountants.

Auditors at some of the largest accounting firms are working on tougher standards for valuing the assets of banks in an effort to calm jittery investors.

It began in college, continued in law school, and still exists today, my fascination with court and disciplinary opinions that provide an inside view of something the involved parties would rather had never come to light. The most recent one is a PCAOB disciplinary order involving an accountant who worked for KPMG.

For those of you like me, who never tire of reading about fiscal abuses and waste by the government, or perpetrated by those who work within its confines, a GAO report last week that detailed how Medicaid providers are abusing the tax system probably didn’t raise an eyebrow.

Tax planning is one of the few forward-thinking services that accountants can offer their clients. Given the fact that the accountant has most of the data and is the clients’ most trusted advisor, it makes sense for them to show clients how to save money on taxes in the year ahead.“They generally see the direct benefit of tax planning, and they don’t mind getting a bill for planning services,” said Rob Carmines, a partner at Newport News, Va.-based Carmines, Robbins & Co. PLC.