Practice management

IMGCAP(1)]Equity compensation is more of a minefield than it once was.

A bipartisan pair of senators have announced a compromise on ending the Volumetric Ethanol Excise Tax Credit at the end of this month.

The Internal Revenue Service said Thursday it would stop its examinations of donors to tax-exempt 501(c)(4) political organizations asking whether they had paid gift taxes, after the agency came under pressure from Republican lawmakers.

President Obama took to Twitter for the White House’s first-ever Twitter Town Hall, answering questions from his “tweeps” about taxes, the economy and other subjects.

An entrepreneur has launched a new employee benefits service promising companies access to a network of CPAs who will offer prepaid tax preparation and year-round tax advice to their employees.

Skoda Minotti has acquired Cleveland marketing firm Hilty Moore & Associates, Inc. along with the company’s visual marketing division, BrandEyeD.

The Internal Revenue Service said Wednesday that parents may be able to qualify for a tax credit to help defray the added expenses of summer day camp for their children.

President Barack Obama plans to meet with congressional leaders on Thursday to try to strike an agreement on raising the debt ceiling through a combination of spending cuts and revenue increases.

The Internal Revenue Service said Tuesday that it has reached an agreement with the Millennium Multiple Employer Welfare Benefit Plan, which went bankrupt last year.

Sen. Jay Rockefeller, D-W.Va., offered 18 proposals to cut $1.29 trillion from the federal budget deficit over 10 years, including closing corporate tax loopholes and eliminating special tax breaks for wealthy Americans and big companies.

President Obama used his weekly address to say it was necessary to raise taxes on the wealthy to help close the budget deficit.

An inmate in a New Jersey prison has pleaded guilty to scamming the Internal Revenue Service out of nearly $215,000 by recruiting his fellow prisoners and filing false tax returns for them.

A New York accounting firm employee has admitted to defrauding clients of a payroll services company out of more than $3 million in tax money.

The Internal Revenue Service has selected 33 companies as prime contractors to provide information technology services over a 10-yer period.

Love was in the air at this year's Association for Accounting Marketing Summit in Chicago.

As if running a CPA firm didn't pose enough wrenching decisions for owners and managing partners on an almost daily basis, selecting a suitable framework for expansion has traditionally added to the litany of leadership headaches.

In March of this year, we devoted this column to the Internal Revenue Service's newly announced 2011 Offshore Voluntary Disclosure Initiative for disclosing income from foreign accounts and assets. Key features of the program are an Aug. 31, 2011, deadline, an eight-year disclosure period, a maximum 25 percent penalty for failure to disclose, reduced 12.5 or 5 percent penalties in specified situations, and various documentation and disclosures required with the submission.

Sometimes I drive by a strip mall and I see it's under construction and getting a facelift. Off come the signs written in that 1960s-style cursive and on come new signs with updated colors and symbols that don't seem to mean anything but must be conveying a subliminal message, because those chain stores paid a designer a boatload of cash to create it.

Not all complex problems require a complex solution, and a more elaborate solution doesn't automatically make it a better one. Bigger and faster is simply bigger and faster; it's not better.