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With the advent of the holiday season, now may be just the time to market yourself and your staff to potential clients, according to Chuck McCabe, president and chief executive of Peoples Income Tax and The Income Tax School.

After years of heralding China as one of its best markets, Wal-Mart in August said its performance there was among the worst in its major countries. A management shake-up and job cuts have followed.

U.S. accountants are shifting from traditional accounting to trusted advisory services, according to the findings of the latest Sage Accountancy Index.

Outgoing House Ways and Means Committee chairman Dave Camp, R-Mich., officially introduced Thursday the comprehensive tax reform package he has been laboring over in recent years.

Sen. Tom Coburn, R-Okla., has released a report highlighting billions of dollars in tax breaks for “special interests.”

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

The Republican and Democratic leaders of the House Ways and Means Committee have introduced bipartisan legislation to protect taxpayers against the inappropriate use of civil asset forfeitures by the Internal Revenue Service.

Prince Charles has issued a challenge to accountants worldwide to mark the tenth anniversary of his Accounting for Sustainability Project.

According to a new analysis published today by Concur, the leading provider of spend management solutions and services, the third Monday of December has consistently been the busiest expense (claims) day of the year

As year-end approaches, it would be worthwhile for practitioners to consider whether corporate clients could benefit from the following “last minute” tax-saving moves, including adjustments to income to preserve favorable estimated tax rules for 2015, deferral of certain advance payments to next year, and fine-tuning bonuses to make the most of the Section 199 domestic production activities deduction.

The Internal Revenue Service has issued an announcement extending the “deemed compliant” status of countries that are treated as if they had an intergovernmental agreement with the U.S. Treasury Department in place for purposes of the Foreign Account Tax Compliance Act.

According to last year's Hollinden Professional Services Marketing Survey, in which firms are polled as to their active marketing, percentage of time spent on business development, and lead generation tactics, about 80% of firms invest only 5% or less of their gross revenue in marketing themselves.

The Internal Revenue Service issued the 2015 optional standard mileage rates on Wednesday that are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Lawmakers in Congress have included a fourth renewal on the ban on Internet access taxes as part of a spending deal to avert a government shutdown.

Peters, who works in the firm’s human resources group, is being honored as one of SmartCEO’s Mid-Atlantic management all-stars.

The Institute of Management Accountants has been named a full voting member of the International Integrated Reporting Council.

Congress has cut the Internal Revenue Service’s budget once again, reducing the tax agency’s fiscal year 2015 budget by 3 percent compared to this year’s funding level.

KPMG International said it realized record revenues globally of US$24.82 billion for the fiscal year ending Sept. 30, 2014, a 6.3 percent increase over the previous year in terms of local currency.

As the ITA kicked off its Fall 2014 Collaborative Dec. 7-9, the independent association of consulting firms and technology vendors announced new membership.

Officials from the Financial Accounting Standards Board and the International Accounting Standards Board spoke about the path forward on harmonizing U.S. GAAP with International Financial Reporting Standards as the two boards near the end of their convergence efforts.