Practice management

Thomson Reuters has released an updated special report on the tax changes in the Affordable Care Act, which have become more relevant now that the health insurance exchanges have opened for business in many states, despite the technical glitches on the federal site.

Worker classification is an ongoing issue that affects accountants and their clients.

Jody Padar of New Vision CPA Group talks about how the old firm model can grow into a fresh new firm model against the backdrop of Yosemite National Park, during the Sage Listens Tour.

The Internal Revenue Service has to do a better job when scanning taxpayer correspondence to avoid errors and repeated requests for information from taxpayers, according to a new report.

A pair of owners of a tax preparation business that claimed millions of dollars in fraudulent tax refunds on behalf of inmates at various New Jersey prisons have been arrested.

Now that the October 15 extended filing deadline for personal income tax returns has passed, we have only 10 weeks to help our clients plan for the tax returns that will be due April 15.

Rep. Dave Camp, R-Mich., the influential chairman of the tax-writing House Ways and Means Committee, has written a letter to the acting head of the Internal Revenue Service complaining that the IRS’s decision to delay tax season because of the government shutdown will be a financial burden to people who count on early tax refunds.

Hundreds of employees of Internal Revenue Service contractors owe millions of dollars in federal tax debts, according to a new report.

The total number of state, county, city and transit sales tax rate increases in the U.S. rose to 129 in the third quarter of this year, compared to 69 in third quarter of 2012, according to a new report from Thomson Reuters.

Greatland, a provider of W-2 and 1099 products for business, is offering advice to help businesses and their tax preparers avoid penalties, improve compliance and know the important changes for year-end, particularly in light of the Affordable Care Act.

While the offer of up to a 30 percent reduction in some cloud service provider fees may sound attractive, firms need to consider the risks that may be at play here and ask the right questions.

Every firm is working through the succession maze and dealing with the exit of key partners in the firm.

The Internal Revenue Service announced on Tuesday that it will delay the start of the 2014 tax filing season by as much as two weeks due to delays caused by the recent closure of the federal government.

The Internal Revenue Service estimates that between 21 and 25 percent of Earned Income Tax Credit payments were issued improperly during fiscal year 2012, or approximately $11.6 billion to $13.6 billion, and those estimates may be understated because laws that extended increases in the EITC were not factored into the estimates, according to a new report.

Sales tax management software maker TaxJar has released TaxJar Pro, an automated local sales tax reporting tool designed specifically for accountants who serve eCommerce clients with accounts on Amazon, Shopify, eBay, Etsy and PayPal.

Deloitte said Monday it has acquired substantially all of the assets of Banyan Branch, a digital and social media agency, bringing the accounting and consulting firm into the online advertising and marketing business.

When construction slowed during the recession, some companies hired workers and wrongly designated them as independent contractors to avoid paying insurance, taxes, fair wages and overtime.

Accounting Today began its annual three-day Growth & Profitability Summit in Orlando, Fla., on Sunday with a pair of insightful keynote speeches by Krista McMasters, CEO of McMasters Consulting and former CEO of top-ranked CPA firm Clifton Gunderson, and Jay Nisberg, president of the consulting firm Jay Nisberg & Associates, with both speakers highlighting the changing dynamics of managing an accounting firm and CPA practice.

Some accounting industry watchers warn business owners against relying on their CPAs for business advice, but many owners are apparently ignoring the advice.

The Internal Revenue Service is reducing the photocopying charge for tax returns from $57 per copy to $50, thanks to greater efficiency and improved technology at the agency.