Practice management

I don’t think I would be going too far out on a limb to say that the vast majority of accountants did not become accountants so they could get into marketing or sales.

Jody Padar of New Vision CPA Group and Jennifer Warawa of Sage North America feel the heat of Death Valley and Furnace Creek as they travel across the Nevada desert on the Sage Listens Tour RV and they liken it to the knowledge that CPAs need to share about practice management.

With the opening of health insurance exchanges and marketplaces this week under the Affordable Care Act, accountants and other professional service providers are being urged to pursue doctor’s offices as clients, especially as the prognosis for their financial health is expected to remain positive.

“Oh what I’d give to get a good night’s sleep.” We’ve heard that before, maybe even said it ourselves, especially during tax season. But tax preparer Joyce Linzy was prepared to spend money to make it happen.

Mr. and Mrs. Friedberg were just another couple of average married taxpayers like any other married taxpayers happily minding their own business until the IRS decided to wage a war of terror on them.

Grant Thornton LLP has achieved an all-time high annual revenue mark for the U.S. member firm of Grant Thornton International, with $1.274 billion in revenue generated in fiscal year 2013, up 5 percent from the previous year.

PricewaterhouseCoopers is one of the accounting firms hoping to address the needs of companies and individuals who are uncertain about the implications of the new health insurance exchanges and marketplaces that opened this week.

The Internal Revenue Service has temporarily stopped sending out tax refunds, and the Tax Court has suspended operations during the federal government shutdown, as lawmakers in Congress continue their battle over delaying or defunding “Obamacare” for a year.

‘Obamacare’s’ opening day drew millions of consumers to the law’s core insurance exchanges, offering supporters and investors confidence that if the websites can stay up and running, customers will follow.

Armanino managing partner Andy Armanino discusses how a "firm of the future" can leverage deeper relationships with business clients to help them grow and achieve more.

Thomson Reuters has released a new report on the Internal Revenue Service’s guidance on same-sex marriage in the wake of the Supreme Court striking down section three of the Defense of Marriage Act as unconstitutional.

The Securities and Exchange Commission announced charges against three auditors Tuesday for violating federal securities laws or failing to comply with U.S. auditing standards.

The final two defendants charged in relation to an identity theft scam that used identities stolen from the Los Angeles County Department of Public Social Services to file fraudulent tax returns were sentenced to federal prison Monday.

New tools (and less late legislation) have tax software vendors hopeful for 2014

Unlike year-end 2012, planning for year-end 2013 is not burdened by the uncertainties over the extension of the Bush tax cuts or the political theater that took place surrounding last New Year's Day. Nevertheless, enough change and uncertainty remains that impacts year-end 2013 tax strategies to warrant special attention by taxpayers and their tax advisors.

New sources for feeding your firm's Web site

Recent news in tax

In response to this action by the IRS, American University professors Donald Williamson and David Kautter have created a list of "Tax Best Practices for Small Businesses," a checklist designed to help small business entrepreneurs stay up to date on all tax-related issues, and away from the scrutiny of the IRS.

The IRS needs to tighten up its procedures for handling requests for tax account information, according to a recent report.