Practice Management

From week to week, we see occasional reports that banks aren’t lending to businesses, and that businesses can’t get the money they need to grow and to create jobs. Whether that’s true remains a little murky, but frankly, I worry more about businesses borrowing too much money.

President Obama signed into law on Thursday the Jumpstart Our Business Startups Act, also known as the JOBS Act, which lowers the regulatory and auditing barriers for companies to seek funding and enter the capital markets.

The Internal Revenue Service is not making consistent use of the codes that are supposed to indicate which IRS enforcement actions have led to taxpayers paying their outstanding taxes due, according to a new government report.

Internal Revenue Service Commissioner Doug Shulman described in a speech Thursday how the agency is using information from its tax preparer regulation initiative to identify practitioners who are showing patterns of tax fraud.

The National Society of Accountants has begun providing an online webinar program to help tax preparers get ready for the Internal Revenue Service’s new tax preparer exam.

The U.S. Tax Court filed a case last month that at first glance appears to deal a serious blow to cost segregation studies on residential apartments. However, upon further review, this court case is not as detrimental as it might appear.

Investors are continuing to challenge corporate boards to further improve their oversight and disclosure around topics such as environmental sustainability and social responsibility.

One of the promoters of a bogus foreign currency exchange investment fund that effectively operated as a Ponzi scheme has been sentenced to nearly two years in jail on tax charges.

Baker Tilly Virchow Krause and cloud accounting and financial technology provider FinancialForce.com have inked an agreement to deliver FinancialForce Professional Services Automation implementation and best practices to Baker Tilly’s Professional Services Organization clients looking to improve service execution and resource effectiveness.

President Obama lashed out at the Republican budget plan passed last week by the House and endorsed by Mitt Romney.