Practice management

Check out the digital edition of the September 2015 issue of Accounting Today.

Schroders Plc’s Swiss bank will pay a $10.4 million penalty to avoid prosecution under a U.S. program that requires participating firms in Switzerland to say how they helped American clients avoid taxes.

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

The Internal Revenue Service's decision not to update mortality assumptions to reflect today's higher life expectancy could help corporate pension plan sponsors save at least $18 billion in 2016 as they continue to calculate minimum funding contributions according to outdated models, according to a new report from Moody's Investors Service.

One of the leaders of the Senate’s main tax committee is sounding the alarm about proposed budget cuts at the Internal Revenue Service and warning that it could encourage identity theft, tax evasion and tax fraud by crime syndicates.

Puerto Rico is struggling under $72 billion in debt that is forcing the territory to make some tough choices.

Your firm’s website is responsive, but if it still isn’t getting the response you hoped for, it might need some updating to create the positive impression you're hoping to convey. Try these tips to ensure it’s doing everything possible for your accounting firm.

Liberty Tax Inc. reported a net loss for its fiscal first quarter ended July 31 of $8.5 million, unchanged from the prior year.

After a few months of ups and downs, the Accountants Confidence Index rose again this month, in both the mid-term and the short-term.

A California CPA has admitted to abusing his positions at a worship center in New Jersey and a nonprofit in California to steal more than $4 million.

The Internal Revenue Service’s processing of tax returns that reported or claimed Premium Tax Credits during the 2015 filing season was challenged by delays in receiving data from some health insurance marketplaces and exchanges, and overpayments of Advance Premium Tax Credits, according to a new government report.

The Internal Revenue Service has proposed regulations changing the amount of the penalties for failing to include information required to be disclosed about reportable transactions.

The Internal Revenue Service did not always follow its own procedures when selling some of the property it seized for unpaid taxes, according to a new report.

The Internal Revenue Service is waiving penalties assessed against any college, university or other educational institution for Forms 1098-T that were filed with an incorrect or missing taxpayer identification number.

A selection of our favorite recent tax fraud cases.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

The chairmen of Congress’s two main tax committees, House Ways and Means Committee chairman Paul Ryan, R-Wis., and Senate Finance Committee chairman Orrin Hatch, R-Utah, have written to Treasury Secretary Jacob Lew saying he should hold off on developing country-by-country reporting regulations for taxation of multinational corporations.

Wolters Kluwer Tax & Accounting US said it has been selected for the 11th straight year by the Internal Revenue Service to deliver its sales tax rate and taxability tables to help taxpayers across prepare their tax returns.

Accounting, tax preparation, bookkeeping and payroll services are collectively the most profitable industry in the U.S., according to a new ranking.

Only 10 percent of accounting and finance professionals believe there is someone internally who could easily step in to fill their role if they quit, according to a new survey.