THE FRC has issued new accounting and reporting requirements as a potentially temporary fill for a gap for the insurance industry. Financial Reporting Standard (FRS) 103 will be used ... Read More
The Internal Revenue Service said Thursday it has already received more than half of the tax returns it expects to receive during 2014, even though the filing deadline is ... Read More
A U.S. Internal Revenue Service employee took home a computer thumb drive containing unencrypted data on 20,000 fellow workers, the agency said in a statement today. The tax agency’s ... Read More
Along with savers, business was the chief beneficiary of the Budget with support for manufacturers, exporters and investment THERE can be few complaints from business about what George Osborne ... Read More
TAX PRACTITIONERS expect plenty of revenue-raising activity in today’s Budget, as the chancellor looks to fund spending giveaways for businesses. Capital allowances for major infrastructure projects, announce more support ... Read More
EUROPEAN POLITICIANS have voted to approve EU funding for the body that oversees the setting of global accounting standards, but with the proviso the funding could be pulled if ... Read More
Most U.S.-based multinational corporations paid lower U.S. taxes on their domestic profits than they paid to foreign governments on their foreign profits, according to a recent study. The study, ... Read More
THE AMOUNT of companies that have had assets seized and sold by HM Revenue & Customs in order to settle VAT bills rose significantly during the recession. According to ... Read More
A bill with broad bipartisan support would apply to public companies with less than $250 million in revenue. It’s only an early step in the legislative process, but it’s ... Read More
ASIC has released information to help directors and audit committees develop robust standards as part of its commitment to improve audit quality. Information Sheet 196 Audit quality: The role ... Read More
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