Practice Management

Deloitte launched a new online community Web site on Tuesday where industry insiders can share insights into business analytics and research.

IMGCAP(1)][IMGCAP(2)]In the wake of the scandal involving alleged phone and email hacking by News Corporation, many tax and accounting professionals are invariably questioning the security of their own client communications.

Rep. Michele Bachmann, R-Minn., called for cuts in corporate taxes and the elimination of capital gains and estate taxes in a speech last weekend as she campaigned for the Republican presidential nomination.

The Internal Revenue Service’s Criminal Investigation division began and completed a greater number of investigations of tax crimes last year as it continues to ramp up enforcement efforts.

The Internal Revenue Service has extended the due date until Sept. 9, 2011, for taxpayers with undisclosed foreign bank accounts to participate in its latest offshore voluntary disclosure initiative.

The IRS said its summer 2011 issue of the Statistics of Income Bulletin is now available.

Kansas accounting firm Summers Spencer & Co. has absorbed Overland Park, Kan.-based accounting firm James F. Gillespie CPA through a merger, reported the Kansas City Business Journal.

IMGCAP(1)]As accountants and tax attorneys, we often find ourselves in conversation with our peers about the constitutionality of state taxation.

Financial services conglomerate Bloomberg and tax publisher BNA have entered into an agreement for Bloomberg to acquire all outstanding shares of BNA in a deal worth roughly $990 million, it was announced Thursday.

A new report from the Treasury Inspector General for Tax Administration concludes that the IRS needs to improve the timeliness and accuracy of its response to taxpayer complaints about math error adjustments.