The National Society of Accountants has issued a "Tax Practitioners Bill of Rights" in response to the proposed $838 million cut in funding for the Internal Revenue Service. This initiative was developed in the last few months and the NSA hopes the Bill of Rights will establish a timely enactment of tax laws and regulations.

A 17.5-percent increase in operating expenses coupled with a write-off of its online software drove net income down by 62 percent for Liberty Tax's year ended July 30. The tax preparation chain also reserved $7.6-million in costs for potential losses from two class action law suits.

https://www.youtube.com/watch?v=VKpmEAUdWCQ