Practice Management

The Treasury Department and the Internal Revenue Service have released a document containing proposed guidance for foreign financial institutions as the next step in implementing the Foreign Account Tax Compliance Act in an effort to combat offshore tax evasion.

This month, software vendor partner veteran Terry Petrzelka looks at where smaller consulting firms fit into a rapidly changing publisher/partner world, where their future lays, as well as how firms of all sizes may better use social media.

Accounting firm technology “pioneers” can generate higher profits and revenue, according to a new study by CCH.

The Internal Revenue Service needs to improve the system it uses to assess the quality of the correspondence audits it conducts with taxpayers as the IRS’s own quality review system failed to detect errors in more than half of the IRS’s penalty determinations, according to a new report.

Weaknesses in the controls over asset management at the Internal Revenue Service leave the IRS’s information technology assets vulnerable to loss, according to a new government report.

A home office is the work reality for many CPA consultants and tax preparers. It beckons with the promise of an easy commute, and the comfort of working in your pajamas. It provides the flexibility of working when you want to. It can also save thousands of dollars that would otherwise be spent on rent. What’s not to love?

Averett Warmus Durkee has acquired the Altamonte Springs office from Top 100 firm Cohen & Co.

The processes used by the Internal Revenue Service to verify taxpayers’ income and withholding status are inadvertently resulting in the issuance of potentially fraudulent tax refunds, according to a new report.

Finagraph CEO James Walter discusses how the improved customer satisfaction from new forms of customer-facing technology positions an accountant as a trusted advisor and can significantly increase client engagement and revenue.

Former XCM Solutions west coast operations director Kim Hogan has joined Intuit as part of its growing team to help accountants transition QuickBooks clients to the cloud and QuickBooks Online in particular.