Practice management

Next month, the IRS will auction off Darryl Strawberry’s right to receive payments under his deferred comp agreement with the New York Mets.

SocialCPAs and Inovautus Consulting have released the results of their annual survey of how accounting firms use social media, and the results are not encouraging.

Jill Lock, director of marketing at Isdaner & Company, discusses how her firm gets the word out about services such as art taxation, in an interview with AccountingToday.com editor-in-chief Michael Cohn at Accounting Today's Growth & Profitability Summit in Boca Raton, Fla.

As a follow-up to last week’s column, here are some value-added benefits to consider when performing obligatory services such as an audit or tax return, or any work for a client.

Some of our favorite recent tax fraud cases.

KPMG’s investment arm, KPMG Capital, has begun making some of its first investments in data analytics companies, with the first funding made public in the Los Angeles-based company Bottlenose, which specializes in real-time trend intelligence.

An tax preparer was sentenced to 57 months in prison for filing false claims with the Internal Revenue Service using the identification of a dead tax return preparer whose practice he had acquired and preparing false documents for numerous fraudulent loans and tax returns.

Highlights of some of our favorite tax-related blogs from the past week.

The Tax Court held that the owner of a construction company who paid to sponsor his son’s motocross racing activities could deduct the payments since he was able to show that this helped him bring in business.

The Internal Revenue Service is joining with several national tax and accounting organizations to give taxpayers new options and tips on selecting reputable tax professionals and avoiding unscrupulous preparers.

The Internal Revenue Service has decreased its oversight of charities in recent years due to budget cuts and political pressure.

The IRS is freezing hiring, stopping most overtime pay and warning that it won’t answer about half the calls it will receive during the upcoming tax-filing season.

The $1.1 trillion spending bill passed by Congress this week and signed into law by President Obama on Tuesday contains a provision directing the Treasury Department to implement uniform standards for taxpayers claiming refundable credits such as the Earned Income Tax Credit to stem improper payments.

Congress’s long-awaited passage of tax extenders legislation provides a short-term extension through only the end of this year of dozens of familiar tax breaks for businesses and individuals, along with a new savings program for the disabled.

The U.S. Senate sent a $42 billion package of tax incentives to President Obama for his signature, reviving dozens of lapsed breaks for 2014 and setting them to expire two weeks from tomorrow.

The Internal Revenue Service received fewer phone calls from taxpayers this year than in recent years, according to a new government report, but the percentage of callers seeking help who received it remained low while wait times remained high compared to prior years.

When I was starting out I read a number of books by master salesman Elmer Wheeler, who said, among many other things, “Sell the sizzle, not the steak.” This left me with thoughts of always telling clients, or whoever I interacted with, about the value and benefits of dealing with me while de-emphasizing the cost.

Companies planning for a merger or acquisition have various issues to consider as they prepare for the transaction. One of the issues is golden parachutes.

Federal prosecutors in Iowa have agreed to drop a controversial civil asset forfeiture case in which the Internal Revenue Service seized nearly $33,000 from the owner of a Mexican restaurant whose cash deposits at her bank had aroused suspicion of criminal activity.

New York accounting firm O’Connor Davies has launched a new Risk Advisory Group with the help of two veteran accountants formerly with Rothstein Kass, which is now part of KPMG.