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Selling an accounting practice is a once-in-a-lifetime experience for most practice owners. There is much time, energy and money invested in an accounting practice, so finding the right buyer is crucial. Since it is such a rare event, sellers should be educated about some of the key misconceptions about the process.

Whether you are graduating from college with a degree in accounting, or moving into the profession from an established career, the first position you will most likely hold in an accounting firm is that of staff accountant.

For the second year running, national firm BDO USA has racked up the most new SEC audit clients.

New hires, promotions and more…

The use of captive insurance by U.S. companies to manage costs and risks and realize tax benefits has been a legitimate activity for years. However, the IRS has recently focused significant audit resources on small and mid-market companies that are forming small or “micro” captive insurance companies.

Accountants see their small and midsize business clients making plenty of mistakes once tax season rolls around, but tax season may be too late to warn them.

The Internal Revenue Service is sending letters to verify the identity of taxpayers as part of its effort this tax season to combat the growing problem of identity theft.

This week’s edition of the Blotter includes not just our usual collection of preparer-related fraud, but also a chilling story about a preparer whose clients turned violent.

The Minnesota Society of CPAs has compiled a list of red flags that could trigger an audit from the IRS if they apply to your clients' tax returns.

Although tax reform remains a top priority for the business community, tax executives are not optimistic a bill will reach President Obama’s desk this year.

Highlights of some of our favorite tax-related blogs from the past week.

The Internal Revenue Service is reminding taxpayers who turned 70-1/2 during 2014 that they most likely need to start taking required minimum distributions from their IRAs and other retirement plans by April 1.

Congressman Keith Ellison, D-Minn., has re-introduced legislation that would impose a “Robin Hood Tax” on financial transactions and use the money to fund social programs and other causes.

Cybersecurity is a CEO-level issue, stated David Finn, executive director of Microsoft Digital Crimes Unit, during his closing day keynote of the 2015 Microsoft Convergence Conference.

Walsh, Jastrem & Browne LLP has joined the Top 100 firm WithumSmith+Brown.

David M. Walker, the former Comptroller General of the United States and head of the U.S. Government Accountability Office, has joined PricewaterhouseCoopers as a senior strategic advisor in PwC’s public sector practice.

Fewer restrictions on shareholder participation correlate with a relatively low incidence of accounting restatements, according to a new study.

Avalara announced the launch of Avalara ExciseRates, a free fuel tax calculator for buyers and sellers of bulk fuel.

Microsoft announced the Spring '15 release of Microsoft Dynamics CRM, featuring enhancements in the five areas of productivity, social, mobility, analytics and knowledge.

As the economy continues to see signs of vitality, companies will shift their focus from survival to becoming stronger and more competitive.