The New York State Society of CPAs

The Chinese affiliate of Deloitte known as Deloitte-China, has reached a $20 million settlement with the Securities and Exchange Commission for allowing clients to do their own audit work.

The Securities and Exchange Commission has settled with 16 Wall Street firms that it charged with “widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications.”

Millions of eligible families who should have received advance payments of the Child Tax Credit last year did not, while millions of others who did not qualify received them instead, according to a Treasury Inspector General for Tax Administration report.

If you owe enough in delinquent American federal taxes, the U.S. government can take your passport. The IRS certifies “seriously delinquent” tax debt to the U.S. State Department. This is an individual's unpaid, legally enforceable federal tax debt, including interest and penalties, that totals more than $55,000. (That amount is adjusted yearly for inflation.)

The primary goal of most employers in establishing any type of retirement savings program is to provide retirement income in a tax-efficient manner. The best way to achieve this is through a qualified retirement plan.