Practice management

CCH has introduced the new weekly electronic publication, Global Tax Weekly – A Closer Look, which promises to provide up-to-date analysis and insights into international tax developments.

More than three years after the official end to the recession considered the worst since the Great Depression, U.S. businesses are recovering but not recovered.

The election results, while no surprise, have pretty much left us where we were in terms of tax policy, according to Roger Harris, president of Padgett Business Services.

In one of his last appearances before his departure on November 9, IRS Commissioner Doug Shulman touched on a number of issues confronting the service and the accounting profession in general.

In the aftermath of the elections, the payroll tax cut appears to be one of the likely casualties of the scramble to resolve questions over expiring tax cuts and the looming fiscal cliff during the lame-duck session of Congress.

In the wake of Sandy, the IRS has unveiled programs to help victims of the hurricane.

The chances for comprehensive tax reform occurring in the wake of Tuesday’s elections are murky at best, with a divided Congress and a re-elected President who has been unable to persuade Republicans to support his tax policies.

The re-election of President Obama is likely to result in substantial changes for taxpayers, especially with the expiration of the Bush-era tax rates approaching.

Paul Allan, Global BPO Portfolio and Service Line Leader, at HP Enterprise Services, explains how to justify organizations' investment in Business Intelligence technologies and how a trusted advisor can help in the process.

The International Federation of Accountants has released for comment a proposed strategy for projects it plans over the next four years to address the needs of accountants who work within companies or as advisors to businesses.

President Barack Obama delivered his acceptance speech early Wednesday morning after winning re-election in a hard-fought campaign against Republican rival Mitt Romney as the U.S. faces the risk of another plunge into recession with the expiration of the current tax rates coupled with deep automatic spending cuts.

The Internal Revenue Service’s decision to modify the timelines for withholding agents and foreign banks to comply with the stiff new due diligence requirements under the Foreign Account Tax Compliance Act is providing them, as well as taxpayers and preparers, with some welcome relief.

The IRS has issued procedures in Revenue Procedure 2012-43 concerning under what circumstances a frivolous tax submission penalty would be reduced. The procedure also details how a taxpayer may request a reduction in the penalty, which is assessed under Code Sec. 6702(a) or Code Sec. 6702(b), and the eligibility requirements for reduction.

The IRS is now sending letters to preparers who are suspected of filing inaccurate EITC claims.

The Internal Revenue Service needs to improve its efforts in investigating whether its own employees are inappropriately accessing taxpayer data, according to a new government report.

Jina Etienne, director of taxation at the American Institute of CPAs, talks with Accounting Today managing editor Tamika Cody about what firms can do to stay competitive and grow in today's economy.

Jackson Hewitt Tax Service wants preparers and their clients to be aware of key disaster-related tax considerations in the wake of Superstorm Sandy.

The Internal Revenue Service is taking issue with a new report from the Treasury Inspector General for Tax Administration that faults the IRS for taking longer than expected to upgrade its computer systems to allow the use of SmartID cards for improved security.

Transition Advisors president Joel Sinkin discusses succession planning for accounting firms and how they can prepare for mergers.

Federal, state and local authorities have issued various forms of tax relief for those affected by Hurricane Sandy last week.