Partnerships

The software helps taxpayers determine the new Section 199A tax break on qualified business income of partnerships and S corporations under the new tax law.

If a firm doesn’t effectively address obstacles, it will not be able to grow at a satisfactory rate.

The Internal Revenue Service and the Treasury Department have issued details about the withholding on the transfer of non-publicly traded partnership interests by foreign persons under the Tax Cuts and Jobs Act, along with guidance on the “transition tax” on the untaxed earnings of overseas subsidiaries of U.S. companies.

What is the right stuff to become a partner?

This perspective has been written for CEOs at CPA firms doing $50 million to $100 million in annual revenue with quality profits per partner who want to make their firms bigger, better, stronger and more profitable.

At some point in my practice I had to ask a staff person if he would want to specialize in taxes. The first time occurred over 35 years ago when my main tax reviewer left for a position with another firm where he would be “more important than just a tax reviewer.”

Final regulations have been released for how to avoid the centralized way the IRS can now examine large firms.

When it comes to a firm's owners, conducting performance evaluations can be problematic.

The name that Republican tax writers gave to a new, multibillion-dollar business levy implies that it targets foreign earnings from “intangible” intellectual property—hitting tech firms and drugmakers like Apple Inc. and Pfizer Inc.

The Internal Revenue Service has proposed guidance on the new partnership audit regime that promises to make it easier for firms, if not all their partners, but with some extra complications added by the new tax reform law.

The Internal Revenue Service released revised guidance Thursday extending its relief for certain partnerships, real estate mortgage investment conduits, and other organizations that didn’t file the necessary returns by the new due date for tax years beginning in 2016.

The Internal Revenue Service has issued a notice providing more time for partnerships, real estate mortgage investment conduits and some other types of businesses to file their returns.

Today, at many smaller firms, client service partners generate, on average, about 1,500 to 1,600 billable hours per annum.

The American Institute of CPAs is reacting to Senate Republicans’ tax reform plan with its own set of priorities.

For the most part, managing partners at a large number of the best run Top 100 firms below the Giant Four do an excellent job in splitting up their compensation pies.

When others in the firm see ineffective partners endure year after year and overstay their welcome, it's demoralizing.

The reality of being a partner in a firm, regardless of the size, is that you are running a “one-partner business.”

Deloitte named Tax Innovator of the Year; Withum adds office space; and other news from practices across the country.

An official from the American Institute of CPAs asked the Internal Revenue Service to revise its proposed regulations for auditing large partnerships during an IRS hearing Monday.

As many firms struggle with the transition to future leadership, Top 20 firm Green Hasson Janks has already announced its next-generation MP, Tom Barry, who provides insight into the firm’s succession planning process.