Practice Management

The American Institute of CPAs has released guidelines to help privately held businesses determine which accounting framework, including the Financial Reporting Framework for Small- and Medium-Sized Entities, best meets their financial reporting needs.

NetSuite Inc. is considering establishing a formal BPO program for CPA firms as its Accountants Program has reached 1,000 members worldwide.

The Tax Policy Center, has released new estimates projecting that the share of Americans paying no federal income tax will drop from fully half in 2008 and 2009 to just 43 percent this year and will continue to fall to just a third in 2024.

Amazon.com has enlisted former Solicitor General Ted Olson to file a petition with the U.S. Supreme Court to stop New York State from requiring Amazon customers to pay sales taxes on their purchases.

Boomer Consulting, Inc. announced Thursday the recipients of its inaugural Bridging the Gap Awards, recognizing firms and individuals in the accounting industry that excel in aligning technology, firm management and talent development.

The U.S. Court of Appeals for the Seventh Circuit in Chicago has affirmed the Tax Court, upholding the disallowance by the IRS of losses claimed by investors in a DAD (distressed asset/debt) tax shelter.

Switzerland is paving the way for its banks to settle a dispute with the U.S. over tax evasion, approving a plan after years of diplomatic wrangling.

As the number of available cloud storage offerings continues to expand, Box and Dropbox consistently rank among the most popular, yet which is best for your accounting firm?

The Internal Revenue Service has issued final regulations for the shared responsibility payment for not maintaining minimum essential coverage under the Affordable Care Act, also known as the individual mandate.

Top 100 Firm Carr, Riggs & Ingram expands its Southeast footprint with the addition of Atlanta, Ga.-based firm Laney, Boteler & Killinger.