Practice Management

Despite the current economic slowdown, the busy season is well underway as firms across the country are preparing the onslaught of returns that roll in during the weeks and months prior to April 15. The increased workloads during this period create the need for more workers to assist with the rush, and temporary employees are an effective resource during these times.In years past, firms have increased staff by up to 40 percent during tax season to supplement full-time staff. Temporary employees offer a number of advantages for big firms, and therefore are a commonly used resource during the busy season.

IRS SEES LESS E-FILINGKennesaw, Ga. - In early February, the Internal Revenue Service reported a nearly 10 percent drop in electronic tax filing from tax professionals, despite a push by the agency to encourage more e-filing.

2008 was a tough year for investors and 2009 so far is shaping up to be more of the same. Nevertheless, investors should not lose sight of the value of capital losses for tax purposes.Capital losses can help lessen the sting of the market's decline. Just as the government shares some of your gains by taxing them, it shares some of the losses by allowing certain deductions and carryovers. This article dusts off a handful of capital loss rules that are particularly relevant in today's economy - rules that may have been forgotten over recent years.

Accountability, according to the Merriam-Webster online dictionary, is "the obligation or responsibility to accept responsibility or to account for one's actions."Let's explore what this definition means.

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.