Practice management

While Congress continues to struggle this year to address such issues as how to deal with the federal deficit and the sequester, the House Ways and Means Committee has put forth a series of discussion drafts focused on fundamental tax reform.

Spring is a time of optimism, so it's a great time for accounting firms to look for fresh opportunities to grow the business. Here are five ways accounting firms can "fertilize" their existing efforts in order to jumpstart their business and grow deeper, stronger roots with clients.

It's important to try new approaches to building your business

When you work in a professional services firm with different locations, different practice areas and different industries (not counting different deadlines and "busy seasons"), it is quite challenging to pull everyone together and focus on one vision for your firm.

Developments in tax from the previous month

The pros and cons of working with a tax franchise

International Federation of Accountants CEO Fayezul Choudhury discusses how IFAC includes accounting organizations covering firms of all sizes, allowing even sole practitioners to stay connected with what's happening with the largest firm networks around the world, in an interview with AccountingToday.com editor-in-chief Michael Cohn.

A federal court in San Francisco has entered an order authorizing the Internal Revenue Service to serve a summons seeking information about U.S. taxpayers who may hold offshore accounts at Canadian Imperial Bank of Commerce FirstCaribbean International Bank, seeking records of FCIB’s U.S. correspondent account at Wells Fargo.

A former Internal Revenue Service agent and manager has pleaded guilty to criminal conflict of interest charges and been convicted after admitting to opening her own tax and accounting business, which earned her $70,000 on the side while working for the IRS.

SAP global channel leader Kevin Gilroy explains how the combination of rapidly evolving technology and an emerging generation of users who embrace innovation are combining to create powerful change.

CPA2Biz, the technology subsidiary of the American Institute of CPAs, is adding social CRM provider Avectra to its Trusted Business Advisor Solutions program, with a focus on having the company become the preferred provider of constituent management services to CPA firm clients.

The IRS has released Notice 2013-30, formalizing a three-month extension for filing and paying taxes for those affected by the Boston Marathon bombings.

A 79-year-old widow who pleaded guilty in the largest individual case since a U.S. crackdown on offshore tax evasion began received less than a minute of probation from a judge who scolded the prosecutors.

The House Ways and Means Committee held a hearing on tax reform and residential real estate, considering the effect of changing popular tax breaks like the mortgage interest deduction.

Nexus for state corporate income and sales and use taxes remains widely variable between states, according to the Bloomberg BNA 2013 Survey of State Tax Departments.

The Internal Revenue Service has collected over $5.5 billion in revenue from taxpayers who came forward and reported on their foreign holdings under its Offshore Voluntary Disclosure Programs, but it could be missing billions more in revenue from tax evaders, according to a new report.

The Internal Revenue Service has issued draft versions of two forms needed for overseas taxpayers to file in connection with the Foreign Account Tax Compliance Act.

Some companies enhanced this or partnered with that, all well and good, but notable Sage family mergers and the fact that Microsoft may actually be going after accountants deserves more discussion.

H&R Block is sending $25 prepaid debit cards to the customers affected by a tax-filing glitch related to education tax credit claims.

A tax preparer was sentenced to 18 months in federal prison followed by a year of supervised release for her conviction for preparing a false federal income tax return.