Practice Management

The Internal Revenue Service has released a draft schedule and instructions for corporations to report uncertain tax positions on their tax returns.

Investment research provider Morningstar, Inc. has launched Morningstar Valuation Services, a program that values privately owned firms and securities in areas such as the sale of a business, estate planning or financial reporting.

Net@Work, a major New York-based Sage reseller and document management service provider, has acquired Boston-based MAS 90 and MAS 200 reseller Fitzgerald Group, giving the firm a much larger Northeast presence and over 700 new customers.

IMGCAP(1)]As small to midsized businesses work to do more with less, it is important for CPAs to offer their clients added value.

The Internal Revenue Service has begun mailing postcards to more than 4 million small businesses and tax-exempt organizations to make them aware of the benefits of the recently enacted small business health care tax credit.

President Obama’s Financial Fraud Enforcement Task Force has introduced a new Web site to educate Americans about how to protect themselves from fraud and report instances of fraud.

The Treasury Department has launched a new initiative to dramatically increase the number of electronic transactions, including quarterly tax payments, in order to reduce paperwork.

Technology is the accelerator for improving performance and meeting client requirements in today's economy. You can do more with less, but reducing investments in training and technology (as some have done this past year) only results in making your business less competitive.

Companies in the clean tech industry are garnering more attention these days, especially from CPA firms that see the sector as having big potential for growth.

In an economy still struggling on many fronts, installment sales offer a useful tool for many taxpayers to create liquidity to buy and sell property in an otherwise "credit-sparse" environment. With correct planning, the installment method can also defer taxable gain on these sales and, therefore, provide an additional reason to commit to an installment sales strategy.