Practice Management

As the holidays recede in the rear-view mirror, many CPAs begin to observe a worrisome trend. The stack of paperwork on the corner of the desk, the number of emails in the inbox, and the items on the to-do list begin to expand as if by magic. It is a sign that the busy season is upon us, yet again.

The United States is falling behind Europe and China in efforts to capitalize on globalization and could potentially miss out on future economic growth as a result, according to a new survey by the international accounting and consulting network UHY.

Mergers and acquisitions between CPA firms are expected to continue at a strong pace this year, particularly among small to midsized regional firms, according to a new book on acquisition strategies published by American Institute of CPAs.

Marcum LLP has added three divisions of Braver PC to its roster.

We can always discuss product news, but I’m thinking that in recent history there have been few development more worth noting than the acquisition of Tectura and Armanino’s move to snap up Rose Business Solutions.

Salmon Sims Thomas & Associates has agreed to merge with DaVee CPA. Rebecca DaVee, partner and founder of the firm, has 30 years of experience in public and private accounting, covering both tax and audit engagements in numerous industry sectors.

The Internal Revenue Service should give taxpayers clear rules on how it will handle transactions involving Bitcoin and other digital currencies, Nina Olson, the National Taxpayer Advocate, said.

The Internal Revenue Service is changing some of the forms and procedures that organizations can use to apply for tax-exempt status as it seeks to emerge from a high-profile scandal last year over how it handled applications from political groups.

Many considered Dec. 31, 2013, the final date for year-end tax planning, but there are numerous planning actions that you can take in 2014 retroactive to 2013. Here’s a quick and easy guide to help you with your planning.

There are already numerous studies attempting to peg the effect of tax rates on economic activity. There will undoubtedly be more, as politicians, economists and tax experts seek the magic formula to maximize both economic activity and government revenue.