Practice Management

If you look up the word success in the dictionary you may be surprised to see how many few words actually make up the definition of success: “the achievement of something desired, planned or attempted.”

Sageworks is offering a new service for evaluating the likelihood that a small business will default on a loan or go bankrupt.

Solyndra LLC, the failed solar-panel maker that received a $535 million U.S. Energy Department loan guarantee before going bankrupt, received objections to its bankruptcy plan from the Internal Revenue Service and the Energy Department.

A New Jersey CPA provided whistleblower information to the IRS that the IRS failed to pursue, and he unsuccessfully sued the IRS.

The Internal Revenue Service is paying millions of dollars every year in unnecessary interest payments due to delays in processing net operating loss cases within the required 45 days, according to a new government report.

Grant Thornton LLP said it achieved a record amount of revenue for fiscal year 2012, generating $1.212 billion in revenue for the fiscal year ended July 31, a 9.3 percent increase from the prior fiscal year.

Facebook has reportedly paid only about $315,000 in taxes in the United Kingdom last year, even though the social networking giant reported U.K. revenues of about $32.8 million and is estimated to have earned over $281 million in the U.K.

ParenteBeard LLC has formed a “China desk” within the firm to provide clients with consulting services related to China, effective immediately.

Federal charges have been filed against 40 defendants in 20 separate cases in Florida dealing with thousands of stolen identities and millions of dollars of fraudulent identity theft tax filings.

A part-time blogger has been convicted of filing a false income tax return that left out nearly $142,000 in taxes on the income he earned on the side from selling advertising space on his blog.