Practice Management

After watching a weekend of football, it is obvious how important the fundamentals are to success. The teams that rely on the big play are inconsistent. Basic blocking and tackling aren’t that interesting, but without them, they will prevent teams from winning. The same is true with your performance as a professional accountant.

The Senate has confirmed Janet Yellen as chairman of the Federal Reserve by a vote of 56 to 26, succeeding Ben Bernanke, whose term ends on Jan. 31.

The newly approved commissioner of the Internal Revenue Service, John Koskinen, said Monday that he would support voluntary certification for tax preparers if the Internal Revenue Service fails to win an appeal of a judge’s decision striking down the IRS’s Registered Tax Return Preparer regulatory regime.

CCH has published a new tax briefing outlining some of the significant tax changes of the past year.

Software partner veteran Terry Petrzelka, now a valued advisor and consultant to vendors and resellers discusses the oft avoided issue of succession planning, how firms should be measuring themselves and what exactly is going on with cloud ERP, or the comparative lack thereof.

Thomson Reuters has debuted Quickfinder Tax & Financial Tools, a set of calculators, worksheets and financial tools for tax and accounting practitioners.

Deutsche Bank AG, BDO Seidman LLP and an ex-BDO Seidman partner were sued over claims they designed a fraudulent tax shelter that caused losses for a former chief operating officer of a Fortune 100 software company.

From my observation there appears to be a major vision problem with CPA firms: no formal strategic plan for growth other than mergers and acquisitions.

Democrats in Congress plan to renew their efforts next week to extend the Emergency Unemployment Compensation program that expired on December 28.

The Internal Revenue Service has returned to offering videos to help taxpayers cope with tax season, while avoiding the spoofs of old TV series like Star Trek and Gilligan’s Island that landed IRS officials in hot water last year.