How Sales and Use Tax Creates Growth Opportunities for Accountants (CPA Practice Advisor) - The increase in online sales has put a crimp in the budgets of many states who rely on sales tax revenue. Legislation, court cases and technology are changing all of that, and in the process, creating lucrative opportunities for accountants.
MORE HEADLINES
Lawmakers Introduce Bill to Reform the IRS (Accounting Today) - The Republican and Democratic leaders of a congressional committee overseeing the Internal Revenue Service released draft legislation Monday to overhaul the IRS for the first time since 1998.
Fed's Mester Sees U.S. Rate Hikes this Year and Next (Reuters) - The Federal Reserve should continue raising interest rates this year and next so that it can avoid an overheating that cuts short the economic expansion that is already picking up steam, a policymaker of the U.S. central bank said on Monday.