Audit & Accounting

The Private Company Council that will help set accounting standards for privately held businesses has decided to tackle three main projects for its agenda.

In the Internal Revenue Service's continuing efforts to close the tax gap by ferreting out overseas income of U.S. citizens and residents, the IRS recently rolled out further guidance on the requirements of the Foreign Account Tax Compliance Act.

Accounting firm mergers and acquisitions from the previous month

What happened to Google Wallet, the much-publicized service that would be changing the way consumers buy and retailers collect money? That's what I was told a few years ago when it was first introduced.

New hardware, software, services and books for accountants

A roundup of financial planning-related stories from the previous month

Partners need to be constantly engaged with the firm's vision. What prevents this is the partners' performance goals, either individually or as a team or department, not aligning with the firm's strategic initiatives.

Practice growth occurs at the intersection of services, targeted buyers and channels of distribution. The channel is how and where you and your buyer find one another. (In dating terms, it's the party, coffee shop or mutual friend that brings you and your date together).

In our last issue, we explored why it's better for accounting firms not to go online at all than to do it without a serious commitment; discussed how they should integrate all of their efforts; and offered some tips on tweeting. in this follow-up, we'll look at blogging, and protecting your firm's reputation online.

A roundup of accounting profession news from the previous month