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Faced with steep budget cuts, the Internal Revenue Service directed more taxpayers to consult Web sites and its mobile app for answers to their questions this year rather than visiting the IRS’s walk-in Taxpayer Assistance Centers or calling its phone lines, while also using technology to detect tax refund fraud.

Ernst & Young LLP agreed to pay $10 million to settle New York’s lawsuit accusing it of helping Lehman Brothers Holdings Inc. hide financial problems in the years leading to its 2008 collapse.

Small businesses are benefiting from the improving economy, and both hiring and access to credit have been picking up in recent years, even though there have been some recent slowdowns.

SaaS expense management provider Tallie has partnered with Practice Engine, a supplier of practice management systems to professional firms.

Doblin, Deloitte’s innovation and design practice, released a Ten Types of Innovation app for iPad, providing interactive tools and processes to help businesses discover, develop and test new growth opportunities.

In 2011, the federal government stopped the Advance Earned Income Tax Credits program. Today, Earned Income Tax Credits still exist, but on a 1040 personal tax return level only.

Tax directors at many organizations anticipate their companies will grow by entering into new domestic and international markets in the years ahead, according to a new survey by BDO USA.

The Association of Chartered Certified Accountants and the Institute of Management Accountants have published a report examining the future function of the CFO in the finance department of tomorrow.

A new tax prep franchiser called Happy Tax is hoping to make a dent in an already crowded industry with a new business model involving CPAs.

Internal Revenue Service Commissioner John Koskinen has sent a message of thanks to tax professionals and their partners for managing to get through a “challenging” tax season.

When it comes to taxes, corporate America is getting a bit less corporate. And a bit less American.

The American Institute of CPAs has sent a set of proposals outlining its recommendations for permanent tax provisions related to disaster relief.

Senate Finance Committee chairman Orrin Hatch, R-Utah, sent a letter Tuesday to Internal Revenue Service commissioner John Koskinen questioning the agency’s expenditures on office furniture, toys and surveys at a time when the IRS chief has been complaining about budget cuts at the hands of Congress.

The nonprofit organization Tax Analysts has created an interactive bar graph of audit rates to provide information on the chances of being audited by the Internal Revenue Service depending on different business types and individual income levels.

Quite often, firms simply don’t know which engagements, service lines or clients are truly the most profitable.

The International Ethics Standards Board for Accountants has revised its ethics code to improve the independence provisions for auditors.

SAP released a new SAP Revenue Accounting and Reporting application to address requirements derived from the new revenue accounting standards.

MapLight, a nonpartisan research organization that tracks money's influence on politics, has released a new analysis of how major tax and accounting organizations are spending funds on lobbying Congress and federal agencies.

Main Street Solutions has introduced ClientLink Pro, cloud-based software that allows accountants and tax professionals to share documents and collaborate with clients.

Every year, millions of taxpayers miss out on chances to lower their tax bills. They miss deductions or don’t exploit tax breaks designed to lower the costs of education, retirement, and health care.