Practice Management

President Barack Obama defended his proposal to levy a new $10-per-barrel tax on oil, arguing that low gasoline prices afford the U.S. an opportunity to finance dramatic improvements in its transportation systems.

The Internal Revenue Service has issued the maximum vehicle values for 2016 that taxpayers need to determine the value of personal use of employer-provided vehicles.

I have always loved accounting and tax season, but I have worked with many people who did not.

John Napolitano of U.S. Wealth Management discusses how building a financial planning practice can help with exit strategies and succession planning for accounting firms in this video.

The Internal Revenue Service still hasn’t said what caused some of its systems to shut down last Wednesday, but the agency’s processing functions—including e-filing—were restored by last Thursday evening.

Tax pros and their clients are putting themselves at risk, because e-mail is not secure.

A roundup of our favorite recent tax fraud cases.

Accounting, tax, bookkeeping and payroll businesses have been growing sales at a healthy rate this past year, according to the latest numbers from the financial information company Sageworks.

A large number of important tax changes go into effect this year. Many were ushered in by the Protecting Americans from Tax Hikes (PATH) Act of 2015, although legislation enacted earlier in 2015 and in 2014 also contributed a fair share. Still other changes are the result of various administrative pronouncements by the IRS.

Rucci Bardaro & Falzone acquires Jensen Malley & Company; and Jarrard, Nowell & Russell merges in Biddlecomb Game & Wise.