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Soto Service Enterprise, LTD

Monday, December 12, 2011

NEWSWIRE

IRS Sets Deductible Mileage Rates for 2012
The Internal Revenue Service released on Friday the optional standard mileage rates that business taxpayers can use in 2012 to figure the deductible costs of operating a vehicle for business, charitable, medical or moving purposes, and for the most part they have not changed a great deal.


Thomson Reuters Acquires Web Designer Emochila
The Tax & Accounting business of Thomson Reuters has acquired San Francisco-based Web design company Emochila for an undisclosed sum.


Olympus Tries to Clean up Its Accounting
Olympus has until December 14 to fix its financial statements in the wake of a high-profile accounting scandal if the camera maker wants to retain its listing on the Tokyo Stock Exchange.


House Republicans Offer Payroll Tax Cut Bill
House Republicans introduced their version of a payroll tax cut extension bill on Friday, a day after competing Republican and Democratic versions of payroll tax cut legislation failed for the second time to advance in the Senate.


Group Disputes State Tax Avoidance Study
A pro-business lobbying group is disputing the claims in a recently released report that found some of the most profitable corporations avoiding billions of dollars in state taxes.


IRS to Use SAS Analytics to Combat Fraud
The Internal Revenue Service has signed a $6.25 million contract with the SAS Institute to use the company’s analytical software to help it identify tax evasion and fraud as part of the agency’s Return Review Program.


Corzine Faces Congress over MF Global Bankruptcy
Former U.S. Senator and New Jersey Governor Jon Corzine faced questions from a skeptical congressional panel Thursday over his role in the collapse of MF Global and the disappearance of $1.2 billion from customer accounts.


New York State and Yonkers withholding tax changes
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