Practice Management

A Los Angeles-area tax preparer has pleaded guilty to tax fraud charges after he was accused of using his clients’ identities to file for large tax refunds that went to his address.

Participants in the Internal Revenue Service’s Volunteer Income Tax Assistance program prepared thousands of free tax returns for taxpayers well above the income threshold mandated by the IRS, even for taxpayers with incomes over $1 million.

The Internal Revenue Service said Wednesday it has reached a settlement with BDO USA LLP under which the accounting firm will pay a civil penalty of $34.4 million for violating tax laws concerning tax shelters.

Cloud-based accounts payable and receivable service Bill.com has rolled out an accountant certification program, enabling accounting firms using Bill.com to gain a deeper understanding of the product and expand their service offerings.

Online insurance company Insureon said it now offers business insurance coverage to help small accounting firms with succession plans, online filing risks, and other forms of liability insurance.

The Senate Finance Committee held a hearing Tuesday to examine the impact of tax reform on U.S. energy policy.

The Internal Revenue Service warned employers that they only have until June 19 to qualify for an expanded tax credit of up to $9,600 for hiring veterans.

Mergers and acquisitions are expected to increase this year among mid-market businesses, according to a new survey.

In the opening keynote address to the annual American Institute of CPAs’ Practitioners Symposium and TECH+ Conference and the 2012 Association for Accounting Marketing Summit, author and marketing expert Sally Hogshead urged attendees to focus their marketing efforts on what sets them apart, and to understand themselves better in order to fascinate their clients and prospects.

With the hurricane season starting early this year, the Internal Revenue Service is encouraging individuals and businesses to follow a few steps to protect themselves against natural disasters.