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A group of Republican senators has introduced legislation to prevent the Internal Revenue Service from finalizing for one year proposed regulations governing how much political activity tax-exempt 501(c)4 social welfare organizations can legitimately conduct.

With tax season in full swing, it’s a good reminder that families with household employees have some impending deadlines. As most tax professionals are aware, the often overlooked household employment taxes – or “nanny taxes” – present a unique set of challenges.

QuickBooks hosting provider Swizznet has added the ability for users to access their data and files via the cloud from any remote public desktop computer or kiosk, such as those found in airport terminals, hotel lobbies, libraries and other common areas.

Cloud accounting software developer Wave released an oft-requested bank reconciliation feature to its entire user base Tuesday after beta testing it for several months with a smaller group of users.

Online accounting software developer Wave has released a bank reconciliation feature to its entire user base.

The Internal Revenue Service’s new commissioner John Koskinen has released a message to taxpayers for this tax season, urging them to use the agency’s Web site and warning of long wait times on the phone.

The Securities and Exchange Commission named Michael F. Maloney as the new chief accountant in the SEC’s Division of Enforcement.

The D.C. Circuit Court of Appeals ruled Tuesday that the IRS had no legal authority to impose a nationwide licensing scheme on tax return preparers that would have required testing and continuing education as Registered Tax Return Preparers.

During 2013, the scene was set for significant changes in financial reporting for private companies and evolved into a battle between standard-setting bodies. All the changes centered on the desire to simplify, and therefore reduce the cost of accounting for private companies. The question is, however, is simpler good enough?

PricewaterhouseCoopers has just joined the rest of the Big Four firms in officially sponsoring the work of the International Valuation Standards Council, which aims to create globally recognized and accepted valuation standards, particularly for financial instruments, and promote quality within the valuation profession.

The Treasury Department and the Internal Revenue Service issued final regulations Monday implementing the employer shared responsibility provisions of the Affordable Care Act, also known as the employer mandate, providing additional time to small and large businesses.

Sqrl, an information-gathering and communication tool created by accountants, announced that its platform is now open to users, and that it has raised $550,000 in seed money.

Global assets under management are expected to rise to approximately $102 trillion by 2020, with nearly 50 percent of them in North America, according to a new report by PricewaterhouseCoopers.

The American Institute of CPAs and the Chartered Institute of Management Accountants have proposed a framework with the goal of bringing consistency to management accounting practice across the world.

The Committee of Sponsoring Organizations of the Treadway Commission has released a new paper examining how frameworks such as the ones it has issued for internal control and enterprise risk management can improve the performance and governance of an organization.

The Internal Revenue Service has filed documents in U.S. Tax Court claiming that Michael Jackson’s estate has severely undervalued his image and music catalog, telling the pop star’s executors that the estate owes an extra $505 million in taxes, plus $197 million in penalties.

Google Glass is a wearable computer with an optical head-mounted display (OHMD) being developed by Project Glass, a research and development project from—you guessed it—Google.

Harvard University pledged to ensure restitution for as many as 11,000 employees after two of its faculty pointed out the impact of a tax error by the school.

Businesses with a strong employment-related tax and payment compliance program report greater profitability and employee satisfaction, according to a new survey.

When it comes to note-taking, many would suggest that the field belongs to the likes of Evernote, but there are other tools out there that are worth a look, including Google's entry, Google Keep.