According to a new report by the Treasury Department's Inspector General for Tax Administration (TIGTA), an estimated 1.2 million income tax returns were filed in 2007 by individuals whose wages were earned using another person's identification number.

As of February the Internal Revenue Service has stepped up audits in an effort to increase its collections from taxpayers. Among the scheduled increase is a plan to audit 6,000 US companies in an effort to determine whether they have paid all of their required payroll taxes. These taxes fund Social Security and Medicare.

Every business looks to increase their bottom line by increasing sales or reducing expenses. If you use an accounting software package in your business there are some aspects of your business you can look at to improve your profits.

Auditors seem to be in relatively high demand, but they are not necessarily motivated purely by money, as many embark on a career in auditing to help big businesses take ethics into account.

The Financial Reporting Council is the UK's independent regulator, promoting confidence in corporate governance and reporting. They aim to promote high standards through establishing the Combined Code.

IR35 is legislation that can mean that the tax payable on income earned by "self employed" contractors is the same as that of an employee. That is not good news if you are not prepared for it. But you and some contractor accountants can quickly assess your contract for IR35 status if you know what you are looking for so it is not all bad news.

I am going to be honest. When compared to other accounting tasks, bookkeeping probably ranks as one of the most boring to do.

Uncertain of where to begin? Not sure the difference between a debt and a credit? We have got you covered on the basics of basics when it comes to bookkeeping, and understanding your debits and credits.

The expenses of starting a business are huge, and most small businesses just starting out barely get by as it is. The idea of hiring an accountant full time to handle their records is not something they can budget. Normally, the owner hires a bookkeeper who is basically the accountants right hand, with the accountant himself stepping in once a month to ensure that everything is good.

Today, a highly qualified accountant is absolutely critical to your business. However, you have don't already have an accountant that you trust, the is incredible array of accountants and firms to choose from -- now the real question for you and your business is who do you trust?