Practice management

H&R Block and Liberty Tax have been expanding from traditional tax preparation services into other areas such as bookkeeping as they reach out to service small business clients year-round, giving traditional accountants some extra competition.

AccountantsWorld has redesigned Website Relief, the company’s cloud-based software for helping accounting firms create websites and virtual offices.

Billionaire Warren Buffett was an ally of President Barack Obama during the 2008 presidential campaign and the force behind Obama’s “Buffett Rule,” designed to increase tax bills for the wealthiest Americans.

Nonprofit and for-profit corporations that borrow through the issuance of taxable or tax exempt municipal debt have a new rule about who can give them financial advice.

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

Thomson Reuters has begun offering a new Checkpoint Learning Tax Research Certificate Program for tax professionals.

Two top Republican lawmakers profited from a corporate tax-avoidance maneuver that the U.S. Treasury Department is seeking to curb.

The Internal Revenue Service recovered $576 million in erroneously issued tax refunds last year thanks to outside tips provided by financial institutions and other sources such as tax preparers, more than double the amount from three years ago.

U.S. Wealth Management president and CEO John Napolitano discusses how accountants can help clients find opportunities for financial planning when preparing their clients' taxes, in an interview with Accounting Today managing editor Tamika Cody.

There’s more than one way for a U.S. company to avoid taxes by claiming a foreign address.

New guidance for employees in the Appeals division of the IRS goes into effect in the first week of September.

A recent call on a CPA client firm in the Midwest led to this exchange with the managing partner of the firm: “Greg….we just don’t have time to plan strategically, primarily because our clients are starting to feel the start of the boom and we are running like crazy to keep up with them.”

U.S. taxpayers reported $9.1 trillion in adjusted gross income (less deficit) for tax year 2012, according to the most recent IRS Statistics of Income Bulletin.

The IRS is reminding truckers and other owners of heavy highway vehicles that they may need to file their next federal highway use tax return by Tuesday, September 2.

Some of our favorite recent tax fraud cases.

IRS Commissioner John Koskinen told tax preparers and others who are frustrated with long wait times on the service’s phone lines to call their member of Congress.

Newly issued Revenue Procedure 2014-49 provides temporary relief from certain requirements of Section 42 of the Tax Code in the context of a "major disaster."

The Tax Court sided with the plaintiff in a recent case involving the rules surrounding the home office deduction.

CPA firms need to treat succession planning like Sylvester Stallone’s character, Barney, does in the movie "The Expendables 3."

The First Circuit has held that in determining the tax treatment of an FCA civil settlement, a court may consider factors beyond the mere presence or absence of a tax characterization agreement.