Subject Root Tag

Highlights of some of our favorite tax-related blogs from the past week.

Swiss banks seeking to avoid U.S. prosecution by disclosing how they helped Americans evade taxes asked the Justice Department this week to back off a dozen demands, including that they cooperate with other nations.

Raoul Weil, who once ran UBS AG’s global wealth-management business, referred to accounts hidden by U.S. clients from the Internal Revenue Service as “toxic waste,” a witness at his tax-conspiracy trial said.

Tesco Plc Chairman Richard Broadbent will leave after the U.K.’s biggest supermarket company said accounting irregularities started earlier than this year and will continue to impact profit in the second half.

Individuals who lost money in the stock market in 2014 may have other investment assets that have appreciated in value. These taxpayers should consider the extent to which they should sell appreciated assets before year end (if their value has peaked) and thereby offset gains with pre-existing losses.

The Public Company Accounting Oversight Board has released expanded versions of two of its inspections reports of KPMG LLP after the firm failed to address quality control issues to the board’s satisfaction.

Arnett Foster Toothman PLLC and Carbis Walker LLP have agreed to merge and will take on the new name of Arnett Carbis Toothman LLP come Jan. 1, 2015.

As previously reported, the majority of 99 accounting firms surveyed by ConvergenceCoaching have implemented work-from-home programs for their staff. Convergence has now released further insights, both positive and negative feedback, from those firms,

Top 100 firm Carr, Riggs & Ingram LLC has enhanced its presence in Alabama by merging in Boohaker, Schillaci & Co.

The Internal Revenue Service is planning to improve the technology used by its Taxpayer Advocate Service to better handle the many requests it receives from taxpayers seeking help with their IRS problems, but the project has been put on hold due to budget cuts.

The Internal Revenue Service needs to go to greater lengths to safeguard taxpayer information on health insurance exchanges, according to a new government report.

CPA.com, the American Institute of CPAs’ business and technology subsidiary, has increased its service offerings and built revenues after the AICPA changed the name from CPA2Biz.

The Internal Revenue Service posted the annual cost-of-living adjustments for pension plans and other retirement plans for 2015, allowing taxpayers to contribute up to $18,000 in their 401(k) plans in 2015.

KPMG recently announced that its Short Hills, NJ office has attained Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Counsel, the 25th KPMG workplace to do so under its "Living Green" program.

National Conference of CPA Practitioners installs members of the Long Island business community into national board positions.

Acumatica announced it has raised $13.3 million in a new funding round led by Australian accounting software provider and Acumatica strategic OEM partner MYOB.

Here’s a scenario that occurs in too many firms. Does it sound familiar to you?

Intuit announced a partnership with online file sharing and personal cloud content management service Box to power a new document collaboration center inside the company’s reimagined QuickBooks Online Accountant solution.

The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, is planning a project to review and update its decade-old Enterprise Risk Management–Integrated Framework.

The average tax refund in 2014 was $2,696, up 1.5 percent from the average refund of $2,656 in 2013, according to a new report on how well the Internal Revenue Service operated last tax season.