Practice management

Herb Kelleher, the colorful long-time CEO of Southwest Airlines, once joked that if the Wright brothers were alive today, Wilbur would have to fire Orville to reduce costs.

The Internal Revenue Service has issued guidance to help taxpayers cope with the carryover basis rules for the estates of people who died last year, when the estate tax was not in effect.

After the Senate approved a reauthorization of the Federal Aviation Administration, leaders of the tax-writing committees in both chambers of Congress have asked the Internal Revenue Service to reinstate taxes on airline ticket in an orderly way.

New Jersey-based WithumSmith+Brown is the latest CPA firm to join cloud financial management and accounting applications provider Intacct as a business process outsourcing partner.

President Obama proposed a new tax credit for businesses that hire unemployed veterans.

The U.S. Bureau of Labor Statistics reported Friday that employers added 117,000 jobs in July, sending the unemployment rate down a tenth of a percent to 9.1 percent.

IMGCAP(1)][IMGCAP(2)]Tax compliance, tax provision, sales and use tax, transfer pricing, and state tax apportionment—automation is available for each of these laborious tasks.

The Internal Revenue Service said Thursday that a supporting attachment for research and development costs is no longer required for some of its forms.

The average fee for preparing an itemized federal and state individual tax return was $233 during the 2011 tax season, only a 1.7 percent increase over 2009.

A former UBS banker who is currently an independent asset manager has been accused of helping U.S. taxpayers use secret Swiss bank accounts to evade income taxes.

The IRS’s Taxpayer Advocate Service needs to take better care to make sure that the grant funds it provides to Low Income Taxpayer Clinics are used appropriately, according to a new report.

Sales and use taxes continue to rise on average nationwide, according to a new report, with an average combined rate in mid-2011 of 9.63 percent, compared to 9.61 at the end of 2010.

With airlines under pressure from lawmakers, Delta Air Lines said it would refund tax money paid by travelers in the wake of a suspension of non-essential services by the Federal Aviation Administration.

Deloitte Touche Tohmatsu Limited plans to work with a nonprofit organization on developing disclosures by companies of their water usage as fresh drinking water increasingly becomes a scarce resource.

Accounting and business advisory firm Sikich LLP has begun offering a subscription-based human resources consulting service to business clients.

The Internal Revenue Service said Tuesday that for tax year 2011, it would require the manual key entry of the Taxpayer Identification Number shown on W-2 forms received from employers for all taxpayers with Individual Taxpayer Identification Numbers who are reporting wages.

The Senate approved a debt limit increase on Tuesday, narrowly averting an unprecedented default on the federal government’s debt obligations.

The Internal Revenue Service has improved its ability to recover its computer systems in case a disaster strikes, according to a new report.

The House of Representatives voted to raise the debt ceiling, only a day before the August 2 deadline for averting a default on the federal government’s debt obligations.