Practice Management

Sen. Bill Nelson, D-Fla., has proposed a set of tax breaks to encourage investment in the commercial space industry as a way to cushion the blow from recent cutbacks in the space program.

A former manager at Jackson Hewitt has admitted to falsifying more than 52 tax returns.

Senator Debbie Stabenow, D-Mich., introduced a bill earlier this month that would cut taxes for businesses that hire new workers who have been looking for work the longest and provide emergency assistance for struggling families looking for work by creating an additional tier of benefits for those who have exhausted their unemployment insurance benefits.

IMGCAP(1)]As a CPA, you’re accustomed to being the “go-to” resource for all things taxes, legal and financial.

The Internal Revenue Service has taken steps to prepare for procurements made under the American Recovery and Reinvestment Act of 2009, but lacked the necessary controls to ensure the procurements would comply with new requirements, according to a new government audit.

A group of Democratic senators has written to the chair of the Securities and Exchange Commission urging the SEC to require more complete and accurate corporate accounting disclosures, especially of off-balance sheet transactions.

Eisner LLP has combined practices with Amper, Politziner & Mattia LLP, creating one of the largest accounting firms in the U.S., with over $250 million in annual revenue.

Growth is important to CPAs and their firms because it provides additional capabilities, opportunities, revenue and profit. Growth can be organic or from mergers and acquisitions. Many firms are doing both, but growth requires planning, people and processes. Growth doesn't just happen because the partners in your firm decide they need to grow by 10 percent annually in order to maintain partner income. The focus of this article is on five strategies that will help your firm grow organically. They all require thinking, planning and execution, and accountability. The past two years have been challenging for all firms. The ability to grow will be even more important in the future than it has been in the past.

The Congressional Research Service recently commented in its report, "Tax Gap: Misclassification of Employees as Independent Contractors," that tackling the problem of misclassification of workers "would reduce federal, state and local tax gaps and provide other important benefits."

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