Practice Management

The American Institute of CPAs has developed new reporting standards aimed at cloud computing providers, health care claims processors, and other information system service organizations, which will ultimately replace those offered through SAS 70.

The Internal Revenue Service has significantly improved its ability to identify and replace aging computers, according to a new government report.

I get questions daily from CPAs asking if their firm should consider a merger or if it is possible for their firm to compete as an independent or local firm. My current answer is, "It depends!"

Now that the drama has ended and year-end legislation to extend the Bush-era tax cuts has been enacted, work remains for those "in the trenches" to sort out appropriate reactions. For most businesses, the response will be multifaceted.

CALIFORNIA

Struggling with the whole social media thing? Don't know a tweet from a twit? Can't decide if your company should have a Facebook page? Trying to understand the value of LinkedIn? I know a guy who's figured it all out. His name is Bill. "I'm a social media god," he told me recently.

How relevant is the classic line from the 1939 movie The Wizard of Oz, "I don't think we're in Kansas anymore," in today's world of marketing and business development for accounting firms?

Marketing doesn't have to consume a great deal of your time, but putting in some upfront thought can save you many hours and the expense of campaigns that land in the "flop" pile.

IRS ADJUSTS RULES ON HEALTH DEBIT CARDS

Recently issued guidance from the Internal Revenue Service provides answers to a number of questions on tax return preparer registration, and fills in some of the details left unaddressed by recent regulations.