Finance

The Government Accountability Office has provided Congress with a guide for screening and assessing proposals to disclose confidential tax information to specific parties for certain purposes.

President Obama proposed Friday to consolidate six major federal departments and agencies that oversee various aspects of business in the U.S., including the Commerce Department and the Small Business Administration.

President Barack Obama plans to include tax incentives in his fiscal 2013 budget to encourage more U.S.-based multinational companies to relocate jobs from foreign countries back home.

IMGCAP(1)]A new bill making its way through Congress has the potential to change the world of e-commerce quite drastically and hurt the viability of small businesses across the country to compete in a growing sector of our economy.

The unemployment rate fell two-tenths of a percentage point to 8.5 percent, the lowest level since February 2009, the U.S. Bureau of Labor Statistics reported Friday, as employers added 200,000 jobs.

With individual filing season underway, it’s questionable how many taxpayers are aware of their use tax obligations, and actually track their Internet purchases during the year in order to accurately report and pay them.

President Obama may have run afoul of the Constitution in using a recess appointment to appoint Richard Cordray as the director of the nascent Consumer Financial Protection Bureau, but the need for the bureau to take action has been growing.

Retirees will be receiving a 3.6 percent increase in their monthly Social Security and Supplementary Security Income benefits in 2012.

The Treasury Department has stopped selling paper U.S. savings bonds at banks, ending a tradition stretching back to 1935.

New York State’s Accounting Reform law makes quality reviews of the attest services of accounting firms mandatory as of Jan. 1, 2012.

There are more than 60 tax provisions that expired at the end of 2011, according to the Joint Committee on Taxation.

Better controls are needed to ensure tax preparers filing electronically are complying with new preparer regulations, according to a report released Thursday by the Treasury Inspector General for Tax Administration.

As the effects of the financial crisis and an uncertain economy continue to create volatility in the markets, the International Auditing and Assurance Standards Board has reiterated its position that auditors and those charged with corporate governance that management's use of the going concern assumption is a matter to be considered on every audit engagement.

IMGCAP(1)]California now has the nation's most punitive laws against worker misclassification.

Washington, D.C. and Honolulu – President Obama will nominate Harvard economist Jeremy Stein and former Treasury official and investment banker Jerome Powell, to fill the two empty seats on the Federal Reserve's board of governors.

GOP lawmakers are questioning how senior citizen nonprofit concern AARP can bypass millions in tax levies despite the group's control over, and approval of, products sold by private firms.

Presidential candidate Mitt Romney indicated he might not release his income tax returns if he wins the Republican Party nomination.

The Internal Revenue Service plans to issue additional guidance on the temporary two-month extension of the payroll tax cut, including how a new “recapture” provision for high-income employees will be implemented.

Both the House and Senate passed a two-month extension of the payroll tax cut, unemployment benefits, and the “doc fix” for preserving the current Medicare reimbursement for physicians by unanimous consent on Friday morning, sending the measure to President Obama’s desk.

Bowing to pressure from fellow Republicans, a leading House Republican said Thursday he would introduce a bill Friday to extend the payroll tax cut and unemployment benefits for two months.