Partnerships

When it comes to a firm's owners, conducting performance evaluations can be problematic.

The name that Republican tax writers gave to a new, multibillion-dollar business levy implies that it targets foreign earnings from “intangible” intellectual property—hitting tech firms and drugmakers like Apple Inc. and Pfizer Inc.

The Internal Revenue Service has proposed guidance on the new partnership audit regime that promises to make it easier for firms, if not all their partners, but with some extra complications added by the new tax reform law.

The Internal Revenue Service released revised guidance Thursday extending its relief for certain partnerships, real estate mortgage investment conduits, and other organizations that didn’t file the necessary returns by the new due date for tax years beginning in 2016.

The Internal Revenue Service has issued a notice providing more time for partnerships, real estate mortgage investment conduits and some other types of businesses to file their returns.

Today, at many smaller firms, client service partners generate, on average, about 1,500 to 1,600 billable hours per annum.

The American Institute of CPAs is reacting to Senate Republicans’ tax reform plan with its own set of priorities.

For the most part, managing partners at a large number of the best run Top 100 firms below the Giant Four do an excellent job in splitting up their compensation pies.

When others in the firm see ineffective partners endure year after year and overstay their welcome, it's demoralizing.

The reality of being a partner in a firm, regardless of the size, is that you are running a “one-partner business.”