Practice Management

The phrase “You don’t know what you don’t know” very accurately describes the business of accounting software for the practitioner and the provider or vendor. The reality is, most of us neither have the time nor the inclination to figure out just what it is we don’t know.

The Internal Revenue Service reminded taxpayers that the October 15 deadline remains in effect for people who requested a six-month extension to file their tax return.

The government shutdown now entering its second week does more than close museums and turn national parks into uninhabited forests: It also gums up workflow for many tax preparers and often leaves their clients with questions that are growing shriller.

Client meetings are an integral part of being a great accountant.

Ernst & Young reported Tuesday that its fiscal year 2013 global revenue reached $25.8 billion, the fastest growth in five years, indicating the firm has bounced back since the financial crisis.

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.