Practice Management

The American Institute of CPAs recommended to the Internal Revenue Service that the de minimis safe harbor threshold amount under the tangible property regulations for small business taxpayers without an applicable financial statement be increased from $500 to $2,500.

Lynne Doughtie sat down with Maria Bartiromo of Fox Business Network to discuss the growth strategy of the firm and how the firm will continue to empower women in the accounting profession.

To mark Earth Day, Congressman John K. Delaney, D-Md., said he plans to introduce legislation later this spring to tax greenhouse gas emissions in response to climate change concerns.

The House Ways and Means Committee released a new report Wednesday on the Internal Revenue Service’s declining level of customer service during the 2015 tax-filing season, blaming the IRS for diverting funds away from taxpayer service to finance other priorities such as implementation of the Affordable Care Act.

Shatswell MacLeod plans to spinoff its internal audit, IT and regulatory compliance practice areas in a separate transaction.

“The business tax system today is inefficient, overly complex, and too riddled with loopholes,” said Mark Mazur, assistant secretary for tax policy at the U.S. Department of Treasury.

The National Taxpayer Advocate has recommended that the reporting rules under the Foreign Account Tax Compliance Act and for Foreign Bank Account Reports in effect be merged to simplify the duplicative disclosure requirements that make it difficult for American expatriates to have bank accounts in the foreign countries where they live.

Marc Rosenberg, president of the Rosenberg Associates, discusses succession planning, mergers, firm growth, income per partner and other major trends in the accounting profession from the Rosenberg Survey, in an interview with Accounting Today editor-in-chief Dan Hood.

New York City’s Museum of Sex hasn’t paid any sales taxes for four years and is now facing an $82,192 tax lien from state tax authorities.

The Rainmaker Companies has formed a strategic partnership with Corporate Value Metrics, an organization that helps private businesses increase their value via its Web-based tool, the Value Opportunity Profile.