Practice Management

With the holiday season right around the corner, many small business owners are planning for the busiest time of the year, and it’s the perfect time for them to appreciate their current customers while gaining new ones.

Some IRS employees are closing delinquent taxpayer accounts without following the proper procedures and without managerial approval, according to a new government report.

A New York strip club can’t claim a tax exemption on entrance and performance fees on the grounds that it presents “musical arts performances,” the state’s highest court ruled.

BDO USA LLP announced that it is expanding its Philadelphia presence with the addition of Asher & Co. Ltd, for an undisclosed amount.

Microsoft Dynamics and Intacct partner Brittenford Systems has released a new whitepaper to address the growing trend of outsourcing all or portions of the chief information officer function in small to midsize businesses given the growing complexity of information technology.

Cost-of-living adjustments have changed many dollar limitations for pension plans and other retirement-related items for tax year 2013.

A new report from the Treasury Inspector General For Tax Administration has found that evidence was sometimes not available to support increasing IRS assessments against business taxpayers that have not filed required returns.

A recent decision by the Second U.S. Circuit Court of Appeals regarding the Defense of Marriage Act creates an immediate opportunity for lesbian, gay, bisexual and transgendered families to file protective tax refund claims, according to the accounting and advisory firm Marcum LLP.

Five of the largest audit firms in China are likely to be domestically owned rather than foreign owned in the next five years, according to Baker Tilly International CEO Geoff Barnes.

The period to renew Preparer Tax Identification Numbers for 2013 has begun, and the IRS is also reminding the nation’s 730,000 federal tax return preparers that they must renew their PTINs, and that preparers who have a competency test requirement should schedule their exam soon.