Practice Management

Recent news in tax

In response to this action by the IRS, American University professors Donald Williamson and David Kautter have created a list of "Tax Best Practices for Small Businesses," a checklist designed to help small business entrepreneurs stay up to date on all tax-related issues, and away from the scrutiny of the IRS.

The IRS needs to tighten up its procedures for handling requests for tax account information, according to a recent report.

The Securities and Exchange Commission charged a New Jersey-based audit firm and one of its founding partners Monday for their roles in the botched audits of a China-based company that failed to disclose related party transactions by its CEO and others.

With a political stalemate looming in Washington, the Treasury Department and the IRS released their contingency plan for what would happen at the service in the event of a government shutdown -- and one thing that wouldn't happen is any postponement of tax filing deadlines.

Deloitte has added TMA Construction Consultants to its financial advisory services group. The new addition will bolster Deloitte's infrastructure and capital projects expertise throughout Canada.

Adaptive Planning has signed on Microsoft Dynamics partner and corporate performance consultant Corporate Renaissance Group to its channel, allowing the firm to offer the cloud-based budgeting and planning product to customers in Canada and the Northeastern U.S.

The IRS announced that all the designated empowerment zones where employers and other taxpayers qualify for special tax incentives will remain in effect through the end of the year.

A reseller and consultant rises, a company falls and in between there’s some good advice about getting your ‘I’s dotted and ‘T’s crossed when moving to the cloud. I’ll give you my take on all of this and more.

The Internal Revenue Service continues to have problems with its Collections Due Process Program, according to a recent government report.