Practice and client management

(Bloomberg) Any congressional effort to overhaul the U.S. Tax Code should make deficit reduction a priority, instead of cutting high-income Americans’ tax rates, Democratic Senator Chuck Schumer said.

The IRS is reportedly fine-tuning its procedures for collecting and releasing preparers’ personal information gathered during Preparer Tax Identification Number registration.

CCH has released a new Tax Briefing: 2012 Year-End Tax Planning to provide guidance and analysis on potential tax rate changes, the anticipated expirations of Bush-era tax cuts, post-election tax triggers and other scenarios.

IMGCAP(1)]Acquisition transactions come in all shapes and sizes. Some take place at seemingly breakneck speed, while others are the result of months of thoughtful planning.

SingerLewak partner and tech consultant Bob Green explains why and how clients should understand cloud computing can get the out of the IT business and become more strategic.

Accounting and financial reporting consume 32 percent of the average family office's time, according to a new report.

Sir David Tweedie led the International Accounting Standards Board for a decade until the end of his second term in June of last year, and now he is getting set to make a similar impact on the valuation profession.

Nearly 80 percent of multiple-partner CPA firms believe succession planning will become a major issue for their firms, according to a new survey by the American Institute of CPAs.

The Internal Revenue Service has given a $2 million reward to a whistleblower who exposed an alleged tax avoidance scheme by an Illinois tool maker that cost the U.S. Treasury hundreds of millions of dollars.

With one debate already in the books, we’re not really any closer to knowing what taxes will be in the books, or not, come January. In fact, when the ball drops on New Year’s Eve, we may still need a crystal ball to tell us in what direction we are headed.

Liberty Tax Service will offer tax preparation services in more than 300 Walmart stores in tax season 2013.

President Barack Obama and Republican presidential nominee Mitt Romney traded barbs about tax policy and how they would control the budget deficit, with Romney telling Obama at one point that he might need to get a new accountant.

Members of the CPA Consultants' Alliance, including Angie Grissom of the Rainmaker Companies, Jennifer Wilson of ConvergenceCoaching, Sarah Johnson of Inovatus Consulting and Sandra Wiley of Boomer Consulting, share their thoughts on the first combined AICPA PracTech Conference and AAM Summit.

The IRS Electronic Management System located at the Enterprise Computing Center in Martinsburg, W.Va., will be unavailable from Saturday, October 6, at 9:00 p.m. Eastern, through Tuesday, October 9, at 5:00 a.m. Eastern. This will affect individual, business, and state returns processed at this EMS.

A former Internal Revenue Service official was arrested and charged with illegally exposing the identity of a whistleblower who reported tax compliance problems by an international bank to the IRS.

A new audit report by the Treasury Inspector General for Tax Administration indicates that the IRS is not efficiently or effectively processing information referrals, including identity theft claims.

Readers, it gives me great pleasure to (re)introduce you to Accounting Technology, a dedicated source of news and insights for today’s and tomorrow’s technology consultants, resellers, firm technology partners and anyone else who’s interested in the way technology is reshaping accounting.

The Internal Revenue Service’s Criminal Investigation Division needs to make sure its special agents are taking and passing required firearms training, according to the Treasury Inspector General for Tax Administration.

Amid the questions surrounding accounting firms on how to be more than they’ve traditionally been to meet both client demand and increasing competition, industry experts such as Doug Sleeter are lending an ear and offering advice.