Practice and client management

The rising emphasis on transparency, accountability and financial reporting, coupled with the globalization of commerce, means more work is on the horizon for accounting firms. That's the good news. But one look around a firm's meeting room will tell you that the profession is graying, and conversations with human resources executives will reveal that turnover rates among young accountants are on the rise.

Integration is an important term that firms often use when talking about their technology, but many are finding the challenge even more difficult as they move to a digital platform. For years there has been discussion over whether you should buy best of breed or a suite from one of the leading vendors.

Brooklyn attorney William Halby has lost his latest try at deducting his expenses for prostitutes, erotic massages, and pornography from his tax returns.

Four members of Congress have written to IRS Commissioner Doug Shulman asking him to investigate potential tax irregularities by three tax-exempt groups that run college football bowl championships.

Father and son hotel developers were convicted of tax fraud after they were accused of concealing more than $150 million in assets and failing the report $49 million in income.

Watchdog groups Democracy 21 and the Campaign Legal Center have called on the Internal Revenue Service to investigate whether Crossroads GPS, a 501(c)(4) tax-exempt organization reportedly founded by former George W. Bush advisors Karl Rove and Ed Gillespie, is operating in violation of its tax status.

With the IRS hearings scheduled for today on the proposed Circular 230 regulations on education and testing of tax return preparers, it’s becoming somewhat confusing to remember just where we are in the process of registering preparers.

Patrice Tierney, the wife of Rep. John F. Tierney, D-Mass., has pleaded guilty to filing false tax returns in connection with an offshore Internet gambling scheme.

UHY LLP has published a new guide aimed at updating middle-market companies on what they need to know about International Financial Reporting Standards.

Sen. Olympia Snowe, R-Maine, criticized the U.S. Small Business Administration after it missed a deadline to send comments to the Treasury Department and the IRS about a controversial new 1099 reporting requirement for businesses.

Hoover’s Inc. and Sage North America have formed a new partnership to provide business insights to small and midsized businesses.

At the request of the Federal Trade Commission, a federal judge has halted the business operations of American Tax Relief, a company that heavily advertised its ability to help taxpayers who were in trouble with the IRS and allegedly bilked consumers out of more than $60 million by falsely claiming it could reduce their tax debts.

The Internal Revenue Service is preparing for the potential transition of U.S. publicly held companies to International Financial Reporting Standards and the impact IFRS will have on tax administration, according to a new government report.

The Treasury Inspector General for Tax Administration has agreed to the request from Sen. Chuck Grassley, R-Iowa, ranking member of the Senate Finance Committee, and six other committee members to conduct an investigation of whether Obama Administration officials illegally accessed and disclosed confidential taxpayer information involving a particular taxpayer.

The IRS plans to take a closer look at businesses that don't file their tax returns, and identify more of them.

The Internal Revenue Service is getting the word out to employers about a provision in the recently passed Small Business Jobs Act that allows them to amend their 401(k) or 403(b) plans to allow participants to transfer an eligible rollover distribution into a Roth 401(k) or 403(b) account.

The dog days of summer are ending and the 2010 tax season isn’t far behind.

In almost every narcotics-related crime the underlying motivation is money, because money is the key to furthering the illegal drug trade, whether domestic or foreign.

The lame duck session slated to begin in mid-November leaves Congress a massive amount of unfinished business.

The Internal Revenue Service could collect more taxes from forgiven mortgage debt by expanding its information reporting and revising some of its forms, according to a new study from the General Accountability Office.