Practice management

House Ways and Means Oversight Subcommittee chairman Charles Boustany, R-La., has introduced legislation to reform the Internal Revenue Service’s review of applications for tax-exempt status to avoid unfair targeting of some groups.

Host Analytics is now offering a tool to instantly move Microsoft Excel models into a centralized, cloud environment to facilitate financial planning and reporting.

Top CPA firm ParenteBeard recently announced to its clients that it is closing its two-decade old technology practice, ParenteBeard Technology, effective this Friday, November 29.

I have always told my clients to call me before they did anything major or new financially to see if there was anything tax-wise that could be done to help them.

Preservation of an unlimited charitable deduction garnered wide support from Senate leaders after more than 200 officials from various nonprofits paid a visit to Capitol Hill last week to lobby lawmakers.

The Internal Revenue Service is making steady progress toward complying with an initiative from the federal government to improve the security of external computer network connections, according to a new government report, but further improvements could still be made.

A bipartisan group of lawmakers is asking the tax-writing House Ways and Means Committee to avoid enacting any proposed tax reforms that would limit accounting flexibility for small businesses.

The Organization for Economic Cooperation and Development announced some new steps that the international community is taking toward automatic exchange of tax information between governments worldwide and published ratings of how well countries are complying with demands for greater transparency.

The IRS is starting this year's Earned Income Tax Credit due diligence compliance audits of return preparers.

The Internal Revenue Service needs to increase its oversight over its technology hardware maintenance contracts to ensure it isn’t paying for unnecessary services, according to a new government report.

Last week I moderated an Accounting Today Webinar, sponsored by SurePayroll, on the 2014 Tax Season Toolkit.

Corporate capital expansion plans present opportunities for companies to leverage tax credits and incentives, according to a new study by Ernst & Young that found such plans driving activity in this area.

The on-again, off-again nature of the federal tax provisions traditionally known as tax extenders is leading to uncertainty and unnecessary complexity, according to tax policy experts at the American Institute of CPAs.

The Internal Revenue Service needs to do a better job of tracking its efforts to eliminate identified flaws in the security of systems involving taxpayer data, according to a new government report released to the public on Thursday.

Senate Finance Committee chairman Max Baucus, D-Mont., released a third set of proposals Thursday to overhaul America’s tax code, this one focusing on reforms to tax accounting and cost recovery rules.

A pair of congressmen who are also physicians, Ami Bera, M.D., D-Calif., and Charles Boustany, M.D., R-La., introduced a bipartisan bill late last month to make health care more affordable for working families, small businesses and seniors.

With only weeks remaining in 2013, many Americans have finalized their financial planning for the year, thinking they’ve done all they can to maximize tax savings. But many do not know there are still a number of opportunities to do some last-minute finagling to save as much as possible.

Privately held retailers are growing sales at an annual rate of less than 1 percent so far in 2013, the lowest annual rate since 2009, according to data from the financial information company Sageworks, indicating a slow holiday season ahead for many retailers.

The Internal Revenue Service needs to improve its use of return on investment data in managing tax enforcement resources, according to a new government report.

The Internal Revenue Service Advisory Council has released its annual report featuring recommendations on a wide range of tax administration matters, including a suggestion that the IRS expand its voluntary correction programs to make it easier for taxpayers to self-report any prior year non-compliance.