Practice management

Accounting and financial services firms take pride in winning new clients through referrals and word-of-mouth. In a profession that demands a high level of trust, positive client relationships are essential to building a strong base of repeat business.

The Supreme Court heard oral arguments on the constitutionality of Maryland’s personal income tax and whether it is fair for the state to deny credit for taxes paid by residents to other states.

Seventy percent of corporate tax professionals said they favor lowering the U.S. corporate tax rate, even if that means their companies would have to give up tax loopholes, according to a new study.

HD Investment Services has enhanced its 1040 Analyst wealth management tool with additional retirement planning features.

Warren Buffett is again showing how to use the U.S. tax code to his advantage.

Starbucks Corp. may have unfairly lowered its tax bills by routing profits through Dutch subsidiaries, European Union regulators said as they continued to investigate sweetheart fiscal deals between multinational companies and national governments.

For the tax preparation office that relies on seasonal hires, this is the make or break time of year.

European Commission President Jean-Claude Juncker sought to blunt an early challenge to his leadership by rebutting allegations that he presided over sweetheart corporate tax deals during almost 19 years as prime minister of Luxembourg.

The Internal Revenue Service was unable to deploy an $8.6 million case management system for matching tax returns with information returns from banks and brokerage firms reporting data such as credit card transactions and the cost basis of trades, according to a new government report.

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

Have you ever wondered why your accounting firm lost out on a recent engagement? Do you get frustrated when clients show little interest in utilizing the firm’s additional services that are offered?

The Internal Revenue Service may have allowed approximately $167.7 million in questionable fuel tax credit claims between 2011 and 2013, according to a new government report.

The Internal Revenue Service did not maintain effective internal control over financial reporting as of Sept. 30, 2014, because of a continuing material weakness in internal control over unpaid tax assessments, according to a new report by the Government Accountability Office.

A tax preparer in the Bronx, N.Y. has pleaded guilty to operating a $4.8 million Ponzi scheme and faces up to 11 years in prison.

An Internal Revenue Service employee was arrested last week after knocking a woman unconscious at a Pittsburgh Steelers game and then trying to bribe several police officers to cover up the incident.

These five quotes were pulled directly from a random selection of CPA firm websites (if you go to your website, I bet something like this is on there too):

A former Internal Revenue Service agent in Houston who was fired for carrying a ritual dagger as an article of her Sikh religious faith has won a settlement with the federal government allowing her to bring it into federal buildings.

Wolters Kluwer CCH has released a new tax briefing document analyzing the federal tax legislation outlook along with strategies that taxpayers and businesses should consider for reducing their income taxes.

The Internal Revenue Service has issued guidance clarifying the impact that a 2014 rollover of an individual retirement arrangement has on the one-per-year limit imposed by the Tax Code on tax-free rollovers between IRAs.

The Internal Revenue Service needs to increase the number of business tax returns and information returns that are filed electronically, recommends a new government report.