Practice management

Democrats on the tax-writing House Ways and Means Committee have written to Speaker of the House John Boehner, R-Ohio, urging him to introduce legislation to raise the debt ceiling without pre-conditions, warning that the Treasury Department would not be able to pay tax refunds without a higher debt limit.

House Ways and Means Committee chairman Dave Camp, R-Mich., has written to Treasury Secretary Jacob Lew and Internal Revenue Service commissioner John Koskinen asking for all documents pertaining to the proposed changes in rules for organizations applying for tax-exempt status under Section 501(c)(4) of the Tax Code.

As a young accountant, I remember asking a manager how to make more money in public accounting.

With a new tax season just launched and a new commissioner, John Koskinen, firmly ensconced at the IRS, taxpayers aren’t the only ones with questions – tax preparers have some of their own.

Some of our favorite recent tax fraud cases, including New York City cop moonlighting as a (not very good) preparer.

National Taxpayer Advocate Nina Olson urged the Internal Revenue Service to adopt a comprehensive Taxpayer Bill of Rights in her annual report to Congress in mid-January.

New tax elections provide additional flexibility and benefits

Milligan & Co. offers a model for the firm of the future

Nonprofit clients will need more help going forward

A roundup of tax news from the previous month.

The new commissioner stands up for the agency

Three firms showcase how they are becoming more social

The Internal Revenue Service began accepting individual tax returns on Friday.

Business strategy means a lot to firms nowadays. Growth from new clients is stagnant at best at many firms these days. Your main initiative is to fend off the constant raiding of your customer base by smaller firms offering lower prices, or larger firms soliciting your partner base to join them and bring their clients with them.

The IRS has selected six new members for its Internal Revenue Service Advisory Council and seven new members for its Information Reporting Program Advisory Committee.

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

Since the economic crash some CPA firms have managed to double in size, increase their customer base and open new offices by utilizing data to understand their customers’ needs and adopting new technologies to create innovative offerings.

President Obama introduced a new retirement savings vehicle that he called a “MyRA” in his State of the Union address on Tuesday evening, and the White House has followed up with more details on Wednesday about it.

Rep. Lloyd Doggett, D-Texas, has introduced legislation to limit tax write-offs for executive bonuses to $1 million per employee.

While President Obama mentioned taxes a number of times in his State of the Union speech last night, the details were scant.