Practice Management

Americans who currently buy their own insurance through the individual market would receive tax credits averaging nearly $2,700 next year for coverage purchased through new insurance marketplaces under the Affordable Care Act, according to a new study.

The Association for Accounting Marketing will be hiring its first chief executive officer, representing the first staff hire for the national trade association.

U.S. taxpayers filed 145.4 million individual income tax returns for tax year 2011, a 1.7 percent increase from 2010, according to newly released IRS statistics.

House Small Business Committee chairman Sam Graves, R-Mo., has written a letter to the Internal Revenue Service expressing his concerns about the thousands of notices that the IRS is sending to small businesses telling them they may have underreported their income.

The Internal Revenue Service has proposed to extend for up to 10 years the amount of time that taxpayers would have to apply for the “innocent spouse” tax relief program.

Married same-sex couples with children may face higher bills from the IRS as recent Supreme Court rulings start playing out in the tax code.

A pair of House Republican lawmakers, House Ways and Means Committee chairman Dave Camp, R-Mich., and House Oversight Subcommittee chairman Charles Boustany Jr., M.D., R-La., have written to Internal Revenue Service principal deputy commissioner Daniel Werfel calling on him to immediately stop the IRS from continuing to target Tea Party applications based on name alone, but Democrats are disputing the charges.

When coaching accounting firms on crafting an industry niche-driven growth strategy, there are three critical questions that we work together to answer. The first step is to assess how well aligned your firm is with the industry.

Despite being highly sophisticated and capable, ERP systems are so often under-optimized and not used to their maximum potential, either due to busy CFO leadership, expensive consulting costs, and the never-ending budget constraints on IT investments.

Audit and risk management product maker ACL has signed a definitive agreement to purchase The Prodigy Group, a Singapore-based software reseller and consulting services provider focused on audit, compliance, and risk management products.