Practice Management

A New Jersey schoolteacher who prepared taxes on the side has been sentenced to a year and a half in prison for preparing false tax returns.

As 2013 comes to an end, employers, employees and self-employed individuals should make sure they are complying with the new 0.9 percent additional Medicare tax, according to Thomson Reuters.

It won’t be long before tax season gets underway again, and before the upcoming busy season fades from mind to join all previous busy seasons, I encourage you to reflect. Think about your clients because, after all, they’re the people who contribute significantly to making your busy season what it is, in all its glory and misery. My question for you is: which three clients are you going to fire?

A New Jersey tax preparer pleaded guilty Monday to preparing false tax returns.

The Return Preparer Office of the IRS has released details on the professional credentials of those who currently hold Preparer Tax Identification Numbers, or PTINs.

The U.S. Supreme Court turned away an appeal by Robert Coplan, a former Ernst & Young LLP executive convicted of selling illegal tax shelters that cost the federal government as much as $2 billion.

Mortimer Caplin, who served as commissioner of the Internal Revenue Service in the Kennedy administration and the early months of the Johnson administration, sees problems ahead for taxpayers and practitioners from the government shutdown.

I don’t think I would be going too far out on a limb to say that the vast majority of accountants did not become accountants so they could get into marketing or sales.

Jody Padar of New Vision CPA Group and Jennifer Warawa of Sage North America feel the heat of Death Valley and Furnace Creek as they travel across the Nevada desert on the Sage Listens Tour RV and they liken it to the knowledge that CPAs need to share about practice management.

With the opening of health insurance exchanges and marketplaces this week under the Affordable Care Act, accountants and other professional service providers are being urged to pursue doctor’s offices as clients, especially as the prognosis for their financial health is expected to remain positive.