Practice Management

The Treasury Department said Friday that due to overwhelming interest from countries around the world, it will extend by six months the start of the withholding and account due diligence requirements of the Foreign Account Tax Compliance Act, or FATCA, until July 1, 2014, to allow more time to complete agreements with foreign jurisdictions.

Most CPAs these days consider themselves the trusted advisor, yet few are clearly separating themselves from their competitors. iLumen chief executive Rob Ganjon explains how practitioners can look to current tools to help make that distinction.

Seventy-nine percent of New Jersey CPAs anticipate their clients will pay more taxes in 2014 than 2013, according to a new survey.

The Internal Revenue Service has updated its static mortality tables for use by defined benefit pension plans in calculating the life expectancies of retirees.

MNP LLP is entering the Sudbury, Canada, market with the addition of Laberge Venne & Partners.

The Internal Revenue Service has issued a formal notice that officially delays the employer shared responsibility provisions of the Affordable Care Act, also known as the employer mandate, for a year and postpones the information reporting requirements.

The Internal Revenue Service reminded Boston area taxpayers Thursday and others affected by the April 15 Boston Marathon explosions that their individual income tax returns and tax payments are due Monday, July 15.

More than half the business professionals polled in a recent survey by PricewaterhouseCoopers said “eco-efficiency” is a high or growing priority for their business.

Being entrepreneurial doesn’t end at starting a business; it means constantly striving to perfect your business model and quickly and continually adapting to change.

The American Institute of CPAs has sent a comment letter to the Internal Revenue Service recommending changes to final regulations (TD 9534) regarding methods of accounting to be used by corporations that acquire the assets of other corporations in certain corporate reorganizations.