Tax & Accounting Blog

In March 2015, the IRS assembled a public-private working group of tax authorities and software developers to tackle the complex issue of tax-related identity theft. As part of this team, I’m pleased to say that much progress has been made over the past 18 months. According to IRS Commissioner John Koskinen, the … Read More

As we communicated in a recent blog post, the IRS is now requiring all professional tax software vendors to collect evidence of electronic filing eligibility from their customers, and block them from e-filing in the event the … Read More

As we communicated in a recent blog post, the IRS is now requiring all professional tax software vendors to collect evidence of electronic filing eligibility from their customers, and block them from e-filing in the event that … Read More

On September 23, 2016, Same Day ACH becomes a reality. Let’s take a few minutes for a refresher. The Electronic Payments Association (NACHA, previously the National Automated Clearing House Association) has adopted a rule to move payments faster by enabling same day processing for ACH payments. Currently, NACHA moves money between financial institutions with … Read More

Insight. Ideas. Answers. That’s what you’ll find in Thomson Reuters Dividends, a new digital publication specifically designed with the 21st century tax practitioner in mind. In its pages, you’ll gain insights from a number of subject matter experts who are examining the trends emerging across the globe that are impacting the tax and … Read More

Reconciling bank accounts is a complex process—but in Accounting CS, the Actions > Reconcile Bank Accounts screen and the Actions > Reconcile Impound Bank Accounts screen enable you to easily reconcile Accounting CS bank accounts. You can download transaction data from your financial institution, and then match and clear those transactions … Read More