In the Internal Revenue Service's continuing efforts to close the tax gap by ferreting out overseas income of U.S. citizens and residents, the IRS recently rolled out further guidance on the requirements of the Foreign Account Tax Compliance Act.

Accounting firm mergers and acquisitions from the previous month

What happened to Google Wallet, the much-publicized service that would be changing the way consumers buy and retailers collect money? That's what I was told a few years ago when it was first introduced.

New hardware, software, services and books for accountants

A roundup of financial planning-related stories from the previous month

Partners need to be constantly engaged with the firm's vision. What prevents this is the partners' performance goals, either individually or as a team or department, not aligning with the firm's strategic initiatives.

Practice growth occurs at the intersection of services, targeted buyers and channels of distribution. The channel is how and where you and your buyer find one another. (In dating terms, it's the party, coffee shop or mutual friend that brings you and your date together).

In our last issue, we explored why it's better for accounting firms not to go online at all than to do it without a serious commitment; discussed how they should integrate all of their efforts; and offered some tips on tweeting. in this follow-up, we'll look at blogging, and protecting your firm's reputation online.

A roundup of accounting profession news from the previous month

Mid-range accounting software covers a wide spectrum

NASBA shares statistical highlights of the 2012 sittings of the test

Highlights from the world of tax in the previous month

A former IRS commissioner examines the prospects for change

Technology news from the previous month

Whether you are a top 100 firm or a small practice, adopting new technology is becoming more commonplace, yet getting everyone to buy into and properly use programs and services requires planning and a good pitch to the right people well before a purchase is made.

A roundup of reseller-related news from the previous month

New memberships, Decosimo Corporate Finance expands its sell-side advisory practice and more…

The Governmental Accounting Standards Board said Thursday that a post-implementation review of two of its accounting standards for state and local governments had achieved their intended purpose.

Our first annual scorecard for new SEC audit clients

Deep flaws in month-end reconciliation processes create distrust in finance departments in the U.S. and Europe, leaving only 28 percent of respondents willing to trust the reported numbers, according to a new survey of financial professionals.