Practice Management

“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.

The Internal Revenue Service has revised the form that employers can use to claim the Work Opportunity Tax Credit for eligible workers, but the certification form must be filed by April 30.

Tax season is finally over. For many, now is a time for some relaxation before ramping back up for summer work.

Thomson Reuters has introduced a Checkpoint Learning Health Care Reform Certificate Program for tax and accounting professionals.

Self-created obstacles to accounting firm growth

The IRS is holding up its end of the chore of filing implications created by the ACA, according to Commissioner John Koskinen’s tax day testimony before a Senate committee.