Practice Management

Partners are the culture in a professional service firm -- what they believe, what they reward, what they do, and how they do it determines what and how things get done.

Boy, did President Obama create a furor in a Roanoke, Va., speech in July, where he said, "If you have a business, you didn't build that. Somebody else made that happen."

Denver-based Top 100 firm Hein & Associates didn't want to be anyone's secret -- even a good one, as managing partner Brian Mandell-Rice had become accustomed to hearing from clients.

Recent tax news

Proponents of states' ability to require remote vendors to collect and hand over sales tax are positioning themselves for hoped-for legislative action before the end of the year.

California’s State Board of Equalization is warning that beginning Sept. 15, a new law will take effect expanding the types of out-of-state retailers who are required to register with the board and requires them to begin collecting and remitting use tax on sales of tangible personal property to California consumers.

Republican presidential nominee Mitt Romney told an enthusiastic Republican National Convention that unlike his rival Barack Obama, he would not raise taxes on small businesses or the middle class.

Staff members at privately held companies are less likely to receive information from management about how the business is performing than employees at publicly traded companies, according to a new survey.

In my travels around the country, I hear many firms talk about being a “one-firm” firm.

The Internal Revenue Service took the wraps off its new Web site Thursday, with new navigation and language features.