Practice Management

The Internal Revenue Service needs to do a better job of safeguarding sensitive information about taxpayer bankruptcy petitions, even from its own employees, according to a new government report.

The Senate Subcommittee on Contracting Oversight held a hearing to examine the diversion of federal contracts for small businesses to large companies.

The Internal Revenue Service said that some travelers may be entitled to refunds on the ticket taxes that airlines have been charging after Congress failed to pass a reauthorization bill last Friday for the Federal Aviation Administration.

The Internal Revenue Service is reorganizing several of its units concerned with international tax compliance and transfer pricing to bolster its enforcement efforts.

MNP, one of the largest Chartered Accounting firms in Canada said it would merge in Calgary-based Rahal Warren & Chugh, effective September 1.

The House Ways and Means Committee held a hearing to weigh the pros and cons of two different consumption tax models: the value-added tax and the FairTax.

A pair of Democratic senators has written to the head of Delta Airlines and the Air Transport Association telling him that airlines should not be raising their fares to make money off the temporary expiration of ticket taxes.

As the battle continues in Washington over how to avert a default on the government’s debt obligations, the possibility of imminent tax increases seems to be fading.

CCH, a Wolters Kluwer business, has acquired cloud-based sales tax automation service provider SpeedTax, allowing it to continues its expansion in the corporate market—particularly small to medium sized enterprises and CPA firms that serve them that are looking for a pure SaaS offering.

CBIZ has signed a deal to acquire the non-attest business of Thompson Dunavant, expanding the firm’s presence to Memphis, while CBIZ’s affiliated auditing firm, Mayer Hoffman McCann, will acquire Thompson Dunavant’s attest business.