IRS’s new W-2 verification process faced challenges

The Internal Revenue Service’s new procedure for authenticating withholding information did not go completely smoothly this past tax season, although it did hold promise for combating identity theft and tax fraud.


Trump tax plan: Much work still to be done

Taking a cue from the failed Repeal and Replace healthcare process, the Trump administration Wednesday released a broad outline of its tax reform plan, with many details to be spelled out in legislative form during negotiations with Congress.


ACCA and IMA host accounting leaders at integrated reporting event

The Association of Chartered Certified Accountants welcomed top officials from some of the world’s leading accounting organizations to an event highlighting the growing importance of integrated reporting.


Withum staff member seeks $50K donation to Leukemia Society

Senior marketing coordinator Matt Basilo is competing for the non-profit’s “Man of the Year” honors.


White House unveils opening bid for ‘biggest tax cut’

The White House made its opening bid for what officials called the “biggest tax cut” in U.S. history—with cuts that would benefit businesses, the middle class and certain high-earning individuals—but left unanswered questions about whether the plan would be paid for, or how.


AICPA debuts cybersecurity risk framework

The American Institute of CPAs has introduced a cybersecurity risk management reporting framework to help auditors and companies to demonstrate what they are doing to safeguard against data breaches, hacking and other technology-related dangers.


RSM Foundation donates $100K in scholarships for 2017-18

The Top 5 Firm honored 10 students as part of their inaugural “Power Your Education” program.


Oracle CEO pledges expansion at NetSuite user conference

At SuiteWorld 2017, Mark Hurd promises NetSuite will have full independence post-merger as the companies expand quickly overseas.


West Ham, Newcastle at center of U.K. soccer tax-fraud probe

Two U.K. soccer teams found themselves in the middle of the sport’s latest scandal after authorities conducted sweeping raids and made arrests over suspected tax fraud.


Mnuchin says Congress agrees tax plan needed to spur economy

Treasury Secretary Steven Mnuchin confirmed the administration will propose a corporate tax rate reduction to 15 percent and said lawmakers broadly agree on the need for a tax overhaul, citing a “very successful meeting” on Tuesday evening in Washington.