Practice Management

Internal Revenue Service commissioner John Koskinen told a group of tax practitioners that budget cuts at the agency are harming not only taxpayers, but tax practitioners as well, and warned that unless Congress acts on tax extenders legislation, tax season might need to be delayed next year. At the same conference, National Taxpayer Advocate Nina Olson complained of declining taxpayer service levels by the IRS and obstructions to the work of her office on behalf of taxpayers.

The Court of Appeals for the District of Columbia Circuit has just handed the American Institute of CPAs a victory in its dispute with the Internal Revenue Service over tax preparer credentials.

BDO USA has re-elected Wayne Berson to a second term as CEO of the firm.

Careful planning is a must to maximize the effect of deductible assets on a business return.

Though Donald Trump devotes an entire chapter of his just-published book “Crippled America” to his tax proposal, it remains difficult to see how it will have a detrimental effect on the Republican presidential candidate's bottom line—as he has often claimed while pitching the plan in speeches and media appearances.

President Obama signed into law on Monday a two-year budget deal that Congress approved last week to raise the debt limit and avert a default. To help pay for it, the bill includes a provision that will make it easier for the Internal Revenue Service to audit large partnerships, including hedge funds, private equity firms and even accounting firms.

Working out how to set fees and using value pricing or value billing can sometimes be daunting.

Deloitte has acquired Bonaccorso & Associates, a boutique accounting firm in Vaughan, Canada that serves small and midsize private companies with a focus on family businesses.

CliftonLarsonAllen has expanded its presence in Arizona by merging in a Tucson firm, Camp Lowell CPAs, and in Pennsylvania by acquiring KFMR Katz Ferraro McMurtry PC in Pittsburgh, effective Nov. 1, 2015.

PricewaterhouseCoopers Canada has bolstered its presence in British Columbia by combining practices with RHB Schmitz de Grace, a local chartered accounting firm based in Prince George, B.C.