Tax
Tax News & IRS Insights for Accounting Professionals
Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.
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The American Institute of CPAs has improved its Interactive Tax Checklists to allow tax professionals to work more efficiently next tax season.
November 9 -
President Barack Obama, fresh from his re-election, turned his attention Friday to the economy, offering to talk with Congress about how to avoid the prospect of automatic tax increases on the middle class.
November 9 -
The Internal Revenue Service identified 39.1 percent more attempts at fraudulent tax refunds last tax season than in the prior year, leading to tax refund delays early in tax season.
November 9 -
With the election out of the way and efforts taking shape in Washington to resolve the threat of automatic tax increases and the fiscal cliff, CPAs and certified financial planners are recommending ways to protect their clients no matter what Congress and the Obama administration ultimately decide to do about the tax laws for next year.
November 9 -
It may be some time before Congress and the Obama administration decide what to do about the tax rates for next year, so its a good idea to plan for various alternative scenarios just in case.
November 8 -
CCH Small Firm Services and Burlington, Vt.-based Evolution by iSystems have partnered to offer payroll services to tax and accounting professionals using the Evolution Payroll, HR and tax management system.
November 8 -
Corporate enterprise tax software provider Vertex Inc. has released Vertex Tax Accounting, a product designed to improve global provisioning as well as provide a source for modeling tax planning strategies.
November 8