Bloomberg Tax & Accounting has added support for the new lease accounting standard under International Financial Reporting Standards to its product, which already supports the ASC 842 standard under U.S. GAAP.
States like New York and New Jersey that hoped to help residents circumvent the new $10,000 limit on state and local taxes won’t be able to do so.
State sales taxes on business-to-business purchases accounted for 41.7 percent of state and local sales taxes, according to a new study by Ernst & Young.
The House voted for a second time to approve bipartisan legislation to overhaul key aspects of the way the IRS operates, but without a controversial provision.
In a case whose outcome was cited by a number of companies as a potential risk on their financial reports, the Ninth Circuit reversed the Tax Court and decided in favor of the Internal Revenue Service.
The tax prep giant is buying a provider of small business accounting software.
About 80 former and current employees of Deutsche Bank AG are suspects in an investigation by German prosecutors into an alleged tax fraud, according to a person familiar with the matter.
The president’s personal lawyers told the court it must reverse a judge’s ruling allowing the House Oversight and Reform Committee to subpoena financial records from his accounting firm.
Tax practitioners are strongly in favor of weeding out the incompetent and unethical.
