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Boomer Consulting, Inc. announced Thursday the recipients of its inaugural Bridging the Gap Awards, recognizing firms and individuals in the accounting industry that excel in aligning technology, firm management and talent development.

The Tax & Accounting business of Thomson Reuters has released a number of enhancements to the latest version of Workpapers CS, its workpaper management software for tax engagements. The enhancements include increased integration with UltraTax CS, the addition of Source Document Processing for managing workpapers, and several additional points of integration with other applications in the Thomson Reuters CS Professional Suite.

The Public Company Accounting Oversight Board’s recent proposal to overhaul the format of the auditor’s reporting model could lead to unexpected legal repercussions for auditors.

The U.S. Court of Appeals for the Seventh Circuit in Chicago has affirmed the Tax Court, upholding the disallowance by the IRS of losses claimed by investors in a DAD (distressed asset/debt) tax shelter.

Switzerland is paving the way for its banks to settle a dispute with the U.S. over tax evasion, approving a plan after years of diplomatic wrangling.

The Public Company Accounting Oversight Board released its latest inspection reports Wednesday on KPMG LLP and PricewaterhouseCoopers LLP, revealing various problems uncovered with the firms’ audits.

As the number of available cloud storage offerings continues to expand, Box and Dropbox consistently rank among the most popular, yet which is best for your accounting firm?

The Internal Revenue Service has issued final regulations for the shared responsibility payment for not maintaining minimum essential coverage under the Affordable Care Act, also known as the individual mandate.

Top 100 Firm Carr, Riggs & Ingram expands its Southeast footprint with the addition of Atlanta, Ga.-based firm Laney, Boteler & Killinger.

ERP product maker Open Systems Inc. has formed a preferred vendor relationship with Keystone Solutions Inc. to integrate the Traverse ERP product with the eCommERPbridge ecommerce platform.

The Internal Revenue Service has issued a set of tips to help with foreign tax credit compliance.

The old adage that there are two sides to every story remains true today especially as it pertains to accountants.

Accounting software vendor Intuit Inc. has launched a new QuickBooks Cloud ProAdvisor Program for accountants who are interested in building their business in the cloud.

The Internal Revenue Service plans to fix a glitch that was discovered with its system for automatically issuing tax levies that allow it to seize the assets of delinquent taxpayers.

Chin Yu has joined Hein & Associates as director of its fraud and forensic accounting services practice. In addition, the firm added Karyn Pfeffer as partner in its transaction services group.

An Omaha man has been sentenced to three years’ probation after dumping dirt from a front-end loader truck at the feet of Internal Revenue Service officers who were trying to seize his boss’s dump truck.

A pair of Democratic lawmakers in Congress announced they are introducing legislation to curb gun violence by increasing federal taxes on firearms and ammunition.

The Internal Revenue Service has chosen John Dalrymple, a former executive with the tax agency, for its No. 2 job, a position where he will oversee audits, the annual tax filing season and the tax-exempt organizations office that led to controversy this year.

The new fraud detection system that the IRS has been developing since the beginning of 2012 needs some more work to make sure that it is successfully deployed and implemented.

Long-time Sage North America partner Faye Business Systems Group(FayeBSG) has joined the Acumatica channel, adding to its overall cloud product offerings.