Practice Management

The Internal Revenue Service said Thursday that interest rates will decrease in the fourth quarter for tax underpayments and overpayments by a full percentage point.

IMGCAP(1)][IMGCAP(2)]By doing what they do best—taking care of their clients—international accounting firms may be exposing themselves to multiple tax claims on their own account.

Accounting Transition Advisors, a consultancy specializing in accounting firm M&A and succession planning, has brought high-profile consultant Chris Frederiksen aboard as its West Coast partner.

Arizona accounting firm Price, Kong & Co. CPAs has combined forces with Bernard & Stallman P.C.

The Internal Revenue Service had to cope with a great many changes in tax laws last year that put its growing workforce under extra pressure, according to a new report.

President Obama has been pushing to extend the 2-percentage-point cut in the payroll tax through next year, but this is one tax cut that his opponents in Congress may not agree to allow.

KPMG has released a report in which the firm identifies the key traits of employees who could be committing fraud against their employers.

A California tax preparer could be sentenced to up to 143 years in prison after she was charged with preparing false tax returns, including one that claimed 19 dependents had been born to her on the same day.

CPA firm Porte Brown LLC said Tuesday that it has acquired two other tax and accounting firms in the past quarter in the Chicago area.

IMGCAP(1)]While I’m not in the business to take issue with great minds like Newton’s (or even my wife’s and kids’), since I don’t have a great mind to go to battle with, Newton’s third law of every action having an equal and opposite reaction probably does not cut it too well when referral opportunities are given out.