Practice Management

Millionaires who avoid payroll taxes by claiming income as business profits are among those in Democrats’ sights as congressional budget negotiators seek a deal by next month.

Instant Tax Service, described by a U.S. judge as the fourth-biggest tax preparation business in the nation, was ordered closed after a court found it engaged in abusive and fraudulent practices.

If you’re an accountant who loses money, and your spouse is a real estate agent who makes money, can you combine your business with your spouse’s in order to calculate self-employment tax?

Check out the digital edition of the November 2013 issue of Accounting Today.

The Internal Revenue Service’s ability to detect identity theft has improved, but billions of dollars were lost to criminals in 2011, according to a new report.

Senators Robert Menendez, D-N.J. and Pat Toomey, R-Pa., have introduced bipartisan legislation to help entrepreneurs start and grow a small business and comply with complex tax rules.

Intuit is now offering to connect small business users working in the new QuickBooks Online with a certified QuickBooks Online ProAdvisor from within the product.

A new report from the Government Accountability Office examines corporate tax deferral, highlighting the distortionary impact on the economy.

When it comes to working with entrepreneurs, there’s no hard and fast rule on how to best meet their needs.

The Internal Revenue Service expanded nationwide on Wednesday the rollout of its streamlined Fast Track Settlement program, which aims to help small businesses under audit settle their differences with the IRS over their tax debts more quickly.