Practice Management

With each new year comes a wave of new technologies aimed at helping tax preparers work more efficiently through tax season.

While the shape of tax policy remains uncertain in some areas - at press time, Congress was considering a wide range of tax bills, including changes to the estate tax regime, and the extension of a number of tax credits and deductions, among other things - there are a few areas of certainty.

HOUSE APPROVES 45% ESTATE TAX EXTENSION

The ongoing economic downturn offers accountants the opportunity to extend their reach and help their clients at a time when they are most needed.

Attorney General Eric Holder said a newly established government task force would crack down on the kinds of financial fraud that led to the Madoff Ponzi scheme and other losses.

BizActions has introduced a Campaign Library aimed at helping accounting firms and other professional services firms with their marketing campaigns.

The Obama administration is handing out $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy projects to provide jobs across the U.S. after announcing a disappointing employment report for December.

On the heels of the IRS’s plan to begin regulating tax preparers, the Justice Department announced that it has filed six lawsuits this week to stop preparers charged with generating fraudulent income tax returns.

Sikich LLP has merged in two IT service consulting firms, Hal Weinberger Consulting and MAS Consulting, in the latest examples of the firm’s merger spree.

The Internal Revenue Service proposals for registration, testing and continuing education of tax preparers has won praise from most stakeholders.