Practice management

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.

I once worked for someone who told me he lost clients that went into a partnership with the partner’s accountant. He said he then started working hard to be “the other guy’s accountant!” Me too!

The IRS is reminding tax professionals and taxpayers that procedures kick in this January to limit to three the number of refunds electronically deposited into a single financial account or onto a pre-paid debit card.

Check out the digital edition of the November 2014 issue of Accounting Today.

Sageworks has struck a marketing partnership with the American Institute of CPAs, which will offer members of the AICPA’s Forensic & Valuation Services Section a discount on Sageworks Valuation Solution.

Ernst & Young has published the latest annual edition of its tax guide, the EY Tax Guide 2015.

A strong, positive culture is essential for achieving successful innovation and increased revenue, according to a new survey by the accounting firm Plante Moran.

Do-overs are the daydream gumdrops of careers after you work for a while. This holds especially true in an evolving and increasingly complex arena like tax prep.

Some of our favorite recent tax fraud cases.

The U.S. Supreme Court today agreed to review a challenge to the tax subsidies allowed under the Affordable Care Act, a critical aspect of the law meant to help uninsured individuals better afford health care coverage.

It all began during a recent strategic planning assignment with a small business in Illinois when I asked the executives this question: “I see your sales units on the chart, but who is accountable for marketing?”

The IRS is reminding preparers and their clients with low-to-moderate income that they can take steps now to save for retirement and earn a special tax credit in 2014 and beyond with the Saver’s Credit.

Intuit is now offering guidance for tax pros on the Affordable Care Act.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Two recent reports have found that the IRS could improve its decision-making in IT security, and that its inventory control over wireless devices.

Singer-songwriter Joni Mitchell was referring to environmental impacts when she sang, “Don’t it always seem to go/That you don’t know what you’ve got/Till it’s gone” in Big Yellow Taxi. But chances are, many accountants have the same thought after a client leaves the practice—especially someone who was with the firm for several years.

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

Both parties in Congress agree the U.S. Tax Code is a mess and needs to be revamped. That doesn’t mean it will happen.

The crime of stealing tax refunds through identity theft is “no longer exploding,” U.S. Internal Revenue Service Commissioner John Koskinen said yesterday.

CPAs are expanding the range of specialties and advisory services they are offering clients, according to Carl Peterson, vice president of small firm interests at the American Institute of CPAs.