Practice management

The golden age of retirement is upon accounting firms, as most have at least one partner in the 77-million-strong Baby Boomer demographic, whose oldest members have already started reaching the 65-year milestone.

You'll want to pay attention to these different areas of change

The principles behind the passive-activity loss limitations rules under Code Sec. 469 and the net investment income Medicare tax under Code Sec. 1411 are similar -- limit business losses from passive activities or raise the tax on passive-type income a bit more, when not the direct result (at least not a significant part) of a taxpayer's labor. Congress, however, did not leave it at that -- or, as some would argue, leave well enough alone.

When their favorite team lost a match, this small business lost a valuable customer

Marcum's fast-growing LGBT division brings pride and profits

Marketing and business development aren't the same thing at all

If you're still a linkedin skeptic, or are just gathering connections and going no further, you're letting a powerful tool slip through your fingers.

Client newsletters are the most widely used, often abused, and hotly debated marketing tactic for CPA firms of any size. Here are three highly subjective myths and realities to help your firm determine whether it's a worthwhile tool, or how to improve your current newsletter.

A roundup of tax news from the previous month

As they continue to seek new sources of revenue to deal with tight budgets, states are looking to expand their nexus with taxable activities, according to a recent comprehensive survey.

On the heels of the release of the embarrassing Star Trek and Gilligan’s Island spoof video, and in the midst of a major scandal, a new Internal Revenue Service video has been released: a music dance video featuring some of the same employees who performed in the now-infamous Star Trek video.

The Internal Revenue Service has modified its “first time abate” policy, which provides a one-time consideration of penalty relief, based on the taxpayer’s compliance history, for taxpayers who have been subjected to a first-time penalty charge.

Returning from a long holiday weekend has not yielded much in the news department, so I would like to take the time to give my take on the use of so-called ERP review sites versus shared, real-life experiences.

H&R Block has introduced a remote service for U.S. citizens living abroad that will help them meet their often confusing tax-filing obligations.

Technology consulting firm Softwarefit has released a new comparison white paper on what it deems to be the top ERP software vendors on the market today, outlining their history, services, features and functionality.

CCH president and CEO Karen Abramson discusses how accountants are growing their firms as they and their clients recover from the economic downturn, and how they are dealing with changing regulations and IFRS, as well as mobile technology, in an interview with Accounting Today editor-in-chief Daniel Hood.

If the number of congressional hearings on tax reform this year is an indication of the potential for passage, it seems possible that something may actually be in the works.

The Internal Revenue Service does not have enough data to identify who claims a tax expenditure and how much they claim, for nearly half the dollar value of all tax expenditures, or $492 billion out of $1 trillion, according to a new report by the Government Accountability Office.

The enhancements that the Internal Revenue Service is making to its Modenized e-File computer system promise to improve the system’s reliability and reduce delays in processing tax returns next filing season, according to a new report.

An advocacy group has filed a lawsuit in a Washington, D.C., federal court on behalf of 25 Tea Party and conservative organizations against the Internal Revenue Service and top IRS officials, in addition to the U.S. Attorney General and Treasury Secretary, and Internal Revenue Service, arguing that the Obama administration overstepped its authority in subjecting applications for tax-exempt status from Tea Party groups to extra scrutiny.