Practice Management

The IRS needs stronger ways to prevent nonprofit groups from facing audits because of employees’ biases, the Government Accountability Office found in a report being issued Thursday.

Working with accounting professionals, a common challenge we often encounter is a CPA’s inability to secure an engagement and their frustration of not understanding why this happens. Analyzing these situations has led us to uncover that one of the main reasons for not securing an engagement is a fear of climbing!

The union representing Internal Revenue Service employees is denouncing a provision in the pending highway funding bill that would require the Treasury Secretary to contract with private collection agencies as an offset for some of the costs of extending funding for the Highway Trust Fund.

Returns stats, ACA results and more from the 2015 filing season

Sen. Rand Paul, R-Ken., who is one of the Republican candidates running for President, demonstrated his tax reform chops by releasing a campaign video showing him destroying the 70,000-page U.S. Tax Code with a chainsaw, fire, and a wood chipper.

The Senate Finance Committee passed a tax extenders bill Tuesday with a bipartisan vote of 23 to 3 that extends over 50 tax breaks for two years.

Marc Rosenberg of Rosenberg Associates has published a new how-to guide for facilitating accounting firm partner retreats.

The Internal Revenue Service plans to make changes in its determination letter program for retirement plans in an effort to save money.

Tax assessments from the Internal Revenue Service’s Automated Underreporter Program have increased 85 percent in recent years, although the accuracy-related penalties were not always applied, according to a new report.

Four out of five family-owned businesses in the United States are not ready for succession, according to a new study by the accounting firm Baker Tilly.