Practice Management

Check out the digital edition of the September 2013 issue of Accounting Today.

The Internal Revenue Service on Friday released to the House Ways and Means Committee another video spoof to add to their infamous collection, a parody of Donald Trump’s “The Apprentice.”

I am choosing this week to focus on yet another warrior in the growing cloud accounting battle that you may or may not have heard of, but after attending its first U.S. partner conference I have a better sense of who Xero is and what challenges they have in the U.S. market.

The Supreme Court’s recent DOMA decision raised a number of questions regarding its tax implications.

As a business grows, tax issues become more complex and absolutely critical. Growing companies cannot get tied down and caught up by tax penalties that could have been avoided with simple due diligence.

Executives at online accounting product maker Xero acknowledged that they still have a lot of awareness work to do in the U.S. market and are hoping new and enhanced product offerings will help grow its partner base – who are primarily accounting firms -- as well as customers.

The Internal Revenue Service has provided transitional relief from penalties for a Section 6050W filer who reports incorrect taxpayer identification number information on Form 1099-K information returns and payee statements filed under Section 6050W of the Tax Code.

The Internal Revenue Service has issued final regulations restricting multinational corporations from bringing net built-in losses from abroad into the U.S.

CCH has issued a new tax briefing to provide guidance and analysis of the Internal Revenue Service’s announcement that all same-sex marriages nationwide will be recognized for federal tax purposes.

Busy season: say it to a room full of CPAs and you get a round of all-knowing nods in return.