Practice Management

The digital edition of the December 2013 issue of Accounting Today is now available.

More than 122 million returns were e-filed during this year in what the IRS calls a “milestone” for e-filing.

The Internal Revenue Service has taken steps to improve its management controls for technology that will help it implement the Foreign Account Tax Compliance Act, or FATCA, to improve U.S. tax compliance involving foreign financial assets and offshore accounts, according to a new report, but more work needs to be done.

The increasing globalization of the economy is resulting in more small and medium-size businesses seeking to expand internationally. While companies are extending their products and services across borders, many don’t consider the compliance and planning issues that come with doing so.

The IRS needs to improve its procedures to enable taxpayers to access their tax account information and identities online in a secure way, according to a new report.

The reasons to begin conversations with both current and potential clients with an emphasis on report writers are more compelling than ever, particularly as this technology has become more available and easier for small businesses to use and deploy.

Ed Mendlowitz, a partner at WithumSmith+Brown, discusses how small CPA firms can benefit from conferences like Accounting Today's recent Growth & Profitability Summit in Orlando, in an interview with managing editor Tamika Cody.

The Supreme Court held that the 40 percent gross valuation misstatement penalty applies to overstated basis where partnerships were shams, so no partner could legitimately claim a basis in the partnership interest greater than zero.

Top 100 CPA firm Grassi & Co. has officially launched Grassi Technology Consultants, a new subsidiary that moves the firm further towards technology consulting and potentially larger clients, but away from reselling.

The Senate Finance Committee has scheduled a hearing next Tuesday to consider the nomination of John Koskinen as the next Internal Revenue Service commissioner as the agency seeks to emerge from a series of recent scandals that have prompted the departures of a number of high-ranking officials.