Practice management

A month and half ago I posted the 10 reasons for my success. I received quite a few calls about that and I came up with some regrets, so I’m sharing them here.

Liberty Tax Inc. reported that the total number of customers it served in the U.S. and Canada grew by 2.1%, to 2.2 million, in fiscal 2015. Revenue increased 1.6%, to $162.2 million.

The U.S. consulting market expanded by 9 percent to more than $50 billion last year, according to a new report that found Big Four firms outperformed the overall U.S. consulting market, posting growth of 12.8 percent to $17.5 billion.

Since its passage in 2010 with a number of deferred tax provisions, the Affordable Care Act has been a fertile source for new items of tax interest almost every year.

Some of our favorite recent tax fraud cases.

The Internal Revenue Service has issued interim guidance for taxpayers who are unable to get a bank account or make other arrangements for depositing their federal tax obligations by electronic funds transfer and thus are subject to a penalty for failure to deposit their tax payments.

The Internal Revenue Service has issued proposed regulations to implement a recent federal law authorizing states to offer specially designed tax-favored ABLE accounts to people with disabilities who became disabled before age 26.

Tax professionals need to juggle multiple commitments—especially during busy season. The long hours, travel and heavy workload can be an endurance test for many. With these demands on fathers’ time, it’s important for them to focus on balancing their professional and personal life in order to remain energized during and outside of work.

Two cases illustrate the effect that procedural rules—in these cases, statutes of limitations—have in determining the outcome of a taxpayer’s liability.

The operator of Pender Tax Services, LLC, a tax preparation business in Rosenhayn, N.J., has been indicted by a federal grand jury on one count of conspiracy to defraud the Internal Revenue Service and nine counts of preparing fraudulent tax returns for her clients.

Professional advisors need to be more protective -- of both their practices and their clients, according to HD Vest president and CEO Roger Ochs.

The National Society of Accountants has posted an online petition that tax practitioners can sign to demonstrate their support for the “Tax Practitioners Bill of Rights,” which it issued earlier this week.

The House voted Thursday to repeal the medical device tax that was included in the Affordable Care Act.

The owner of a brothel in Salzburg, Austria has found an innovative way to protest what he sees as punitive taxation and regulation of his industry: offering free sex and drinks to patrons all summer.

The Internal Revenue Service reported Thursday that nearly 44,000 tax preparers have completed its voluntary education program in its first year.

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

The Internal Revenue Service issued a revenue procedure and regulations explaining how a multiemployer defined benefit pension plan that is in critical and declining status can apply for approval of a proposed suspension of benefits.

Republican Senator Rand Paul’s plan to overhaul the U.S. tax system calls for a 14.5 percent federal flat tax for consumers and companies, the elimination of almost all deductions and the abolition of several other levies.

Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn’t know it from reading the giant retailer’s annual report.

The House Appropriations Committee adopted a fiscal year 2016 budget proposal that would provide the Internal Revenue Service with a budget of $10.1 billion—$838 million less than the current level and $2.8 billion below the Obama administration’s FY16 proposal.