Practice management

From my observation there appears to be a major vision problem with CPA firms: no formal strategic plan for growth other than mergers and acquisitions.

Democrats in Congress plan to renew their efforts next week to extend the Emergency Unemployment Compensation program that expired on December 28.

The Internal Revenue Service has returned to offering videos to help taxpayers cope with tax season, while avoiding the spoofs of old TV series like Star Trek and Gilligan’s Island that landed IRS officials in hot water last year.

The airline industry and one of its prominent allies are gearing up to fight a possible push in the U.S. Congress to tax baggage fees and other air-travel charges as a way to generate additional federal revenue.

H. Ty Warner, the billionaire creator of Beanie Baby plush toys, asked a judge to give him probation, not prison, for evading taxes on secret Swiss accounts that held as much as $107 million.

An additional tax of 10 percent is charged on premature withdrawals from a qualified retirement plan, SIMPLE plan or IRA. The additional tax is 10 percent of amounts withdrawn that are includible in gross income. The rules and exceptions are intricate enough that they don’t need to be complicated by things like fraudulent withdrawals by a soon-to-be former spouse. But that’s what happened to Andrew Roberts, whose wife withdrew funds from his IRAs without his knowledge.

The Internal Revenue Service has issued a revenue procedure providing a safe harbor to those who invest in renovations of historic commercial buildings, addressing concerns stemming from a 2012 appeals court decision that upset users of historic tax credits, or rehabilitation credits.

The Internal Revenue Service is giving organizations that have had their tax exemptions revoked because they failed to file a tax return a way to revive their tax-exempt status.

A recent ruling by the U.S. Tax Court holds a costly reminder about the consequences of making inappropriate transactions within a client’s IRA.

The owner of a New Jersey tax preparation service was sentenced to 18 months in prison for willfully preparing false tax returns for his clients.

Everyone focuses on the differences between generations -- but there are also useful similarities

The leading firms in wealth management carefully strategize their success.

There's one sure way to know what your competitors are doing: Ask them.

IRS issues final and proposed regs on new Medicare taxes

The options for online video for businesses are growing by leaps and bounds

If your goal is to beat out the competition, there's really only one way to know for sure how you're doing, and that's by marking your progress toward the finish line relative to the other racers.

Many firms are interested in inbound marketing, but most are unclear about how it works.

A roundup of tax news from the previous month

The rejection of Amazon's appeal brings online sales tax that much closer