Practice Management

Are intergenerational issues within your firm stressing you out? You're not alone. That's why we launched Accounting Tomorrow, a new Web site that deals with the changing dynamics of a multi-generational workplace.With fresh blog posts every day and a new story every week, www.accountingtomorrow.com is already generating commentary and feedback from its readers.

The tiny European countries of Liechtenstein and Andorra are two of the latest tax havens to succumb to pressure from international authorities to share information about assets hidden in bank accounts.

The Internal Revenue Service reported that taxpayers are electronically filing their federal tax returns in record numbers this year.

The Internal Revenue Service released its 2008 IRS Data Book showing big increases last year in tax filings and revenue.

Interactive data-tagging technology could assist government auditors in monitoring the spending done under the $700-billion-plus financial bailout plan.

The $410 billion spending bill approved Tuesday evening by the Senate to help fund the federal government for the rest of the year includes funding for some nine federal agencies, including the Internal Revenue Service.

A long-standing decision against building supplies retailer Menard, in which $20 million in compensation to its founder and CEO was ruled a dividend and therefore non-deductible, has been reversed by the Seventh Circuit Court.

The Internal Revenue Service has begun offering self-assistance options at some of its offices that give taxpayers limited access to computers and phones so they can reach the IRS’s Web site and toll-free phone lines without waiting in a long line, but those efforts can still be frustrating.

Financial Accounting Standards Board Chairman Robert Herz was pressed to make changes in mark-to-market accounting standards in as soon as three weeks during a contentious congressional hearing.

The adoption of International Financial Reporting Standards in the U.S. looks to be increasingly in doubt.