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Professionals News

IRS Issues Filing Tips Ahead Of Busy Tax Season Period

by Mike Godfrey,, Washington

Last updated 31 hours ago | Saturday, February 17, 2018

The Internal Revenue Service (IRS) has offered taxpayers several tips and time-saving resources, in anticipation that there will be a surge in filing activity during President's Day weekend (February 17-19). Read Full Story


UK Announces Tax-Free Childcare Allowance

by Jason Gorringe,, London

Thursday, February 15, 2018

IPSE, the Association of Independent Professionals and the Self Employed, has welcomed the UK tax authority's announcement that all working parents – including the self-employed – can now receive a tax-free childcare allowance. Read Full Story


IRS Warns Practitioners Of New Identity Theft Tax Scam

Mike Godfrey,, Washington

Monday, February 5, 2018

The Internal Revenue Service has warned tax professionals of a new filing season scam. Read Full Story


Singapore, Sri Lanka Sign Free Trade Pact

by Mary Swire,, Hong Kong

Friday, January 26, 2018

Sri Lanka signed its first ever comprehensive free trade agreement on January 23, with Singapore. Read Full Story


UK Tax Industry Seeks Certainty Over Car-Charging Tax Perks

by Amanda Banks,, London

Thursday, January 18, 2018

Tax professionals in the UK have called on the tax authority, HM Revenue and Customs, to clarify plans for a tax exemption for employer-provided electric car charging facilities, including details of any exclusions or exceptions. Read Full Story


IRS Issues Warning On New Tax Info Phishing Attempts

Mike Godfrey,, Washington DC

Wednesday, January 10, 2018

The Internal Revenue Service has warned tax professionals that a new series of emails from cybercriminals posing as potential clients are attempting to trick practitioners into disclosing sensitive information. Read Full Story


HMRC Provides Trust Registration Update

by Jason Gorringe,, London

Monday, January 8, 2018

The UK tax agency, HM Revenue and Customs, has told the Association of Tax Technicians that those not yet able to use its new Trust Registration Service will not yet be penalized, having offered extra time for affected persons to register. Read Full Story


US Filing Season Starts January 29, 2018

by Mike Godfrey,, Washington

Friday, January 5, 2018

The Internal Revenue Service has announced that the US tax season will begin on January 29, 2018, and sought to remind taxpayers claiming certain tax credits that refunds won't be available before late February. Read Full Story


HMRC Updates Minimum Standards For Tax Agents

by Jason Gorringe,, London

Friday, January 5, 2018

On January 4, 2018, HM Revenue and Customs updated its "standard for agents," which sets out minimum standards tax agents and advisers are expected to meet when providing services to UK taxpayers. Read Full Story


Luxembourg Regulator Issues Fines After Panama Papers Probe

by Ulrika Lomas,, Brussels

Wednesday, January 3, 2018

The Luxembourg financial regulator, the Commission de Surveillance du Secteur Financier, has fined several financial institutions for failing to adhere to anti-money laundering laws following an investigation which began after the publication of the Panama Papers. Read Full Story



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