The Latest

The House of Representatives unanimously passed legislation that would give tax relief to the families of military personnel, as well as help volunteer firefighters and emergency medical responders.

The Internal Revenue Service said it would begin sharing the results of employment tax examinations with 29 different state labor agencies to cut down on avoidance schemes and fraudulent employment tax filings.

Business software provider Sage Software has begun offering paycards as a way for companies to distribute paychecks to their employees.

Accounting firms need to become more intelligent businesses by better leveraging the time and knowledge of their professional staff, according to a survey released at the CCH user conference.

Oklahoma City bomber Timothy McVeigh's former attorney cannot write off the value of the papers he donated from the case to the University of Texas at Austin, according to a U.S. Tax Court decision last week.

Intuit plans to bring a campaign to New York to encourage more people to open their own small businesses.

Internal auditors are finally starting to adapt to the post-SOX era and "rebalancing" some of their priorities as they return to more traditional audit functions.

The Securities and Exchange Commission has released a staff accounting bulletin that revises and rescinds some of the rules for written loan commitments to make them more consistent with recent accounting rules.

During the month of November, a number of accountants will be getting a telephone call or an e-mail from clients all asking the same question. “What is the little-known tax break that makes investing In GPS-tracking technology more affordable than ever?” Be careful what you say if asked because that inquiring client already has the answer.

The U.S. Supreme Court heard oral arguments in a case that could end state income tax breaks for municipal bonds.