what the election means for busy season: join the survey, get the answers.
by rick telberg
the re-election of president obama may sweep away a few uncertainties in tax and economic policies that have been stymieing business decision-making. but it also sets the stage for a very busy busy-season, complete with last-minute changes in code and forms.
and i’d be surprised if the partisan gridlock in congress suddenly loosens. read more →
we’re accountants, not fortune-tellers.
special to 卡塔尔世界杯常规比赛时间
rothstein kass, the new york cpa firm, is advising clients that “looming ahead are many potential changes” with the possible demise of the bush-era tax cuts. in addition, several other bills are muddying the forecast.
“even the world’s best soothsayer could not predict with accuracy what will happen between now and the end of the 2012 tax year with respect to the tax law,” richard bloom, national leader of trusts and estates, and neil tendler are teling clients in a bulletin.
for example: read more →
irs revokes part of circ. 230 and adds responsibilities to manager of tax function.
by e. lynn nichols, cpa
special to 卡塔尔世界杯常规比赛时间
in a move some of us knew was coming, but really could not talk about until now, the irs is revoking section 10.35 of circular 230 and has issued proposed regulations that strengthen section 10.37. read more →
how to make money merging in low-priced work.
by ed mendlowitz
question: i bought a tax return practice in december from a person that was charging $180 per hour. my rate is $300 per hour so i did not make money and i would like to know what i could do to raise fees so i don’t continue to lose on it. read more →
firm finds many non-profits lag in adopting irs recommended practices.
tate & tryon, one of the leading firms in washington, d.c.’s, bustling non-profits market, says in a new study that many nfps are failing to fully embrace the good governance practices that the irs is looking for.
the firm extracted data from 400 form 990s to compile the three-year trend study, which is being pushed to prospects and clients as part of the firm’s branding efforts.
but the findings could be relevant to many accounting firms with 990 clients, as well.
managing partner charlie tate, who for 25 years has run the namesake firm of now 10 partners, says the study is more than a marketing tool. it’s an advisory tool with benchmark indicators for nfp boards and executives. “anytime you have a board member who sees something and says something like ‘everybody is doing it this way,’ well, now, you have a way of saying, yes, maybe many boards do it that way, but a lot do it another way,” tate says.
tate says the firm chose those “metrics that tended to be topics that were most frequently discussed during client board meetings that we attended.”
for example:
the firm reports it’s findings:
companies see new savings in better tax planning.
corporate tax executives have increasingly broadened their role beyond just compliance, to taking a more proactive role in managing risk and contributing to decisions that influence strategy, according to a new study.
plans for 2013 center on tighter management, new investments. by rick telberg after one of the best busy seasons in years for most practitioners, many are laying plans for an even better 2013. based on lessons learned this year, practitioners … continued
for first time in six years, clear majority enjoy a “better” season.
fun, funny and sometimes just pitiful…
irs receives 53.9 million e-filed returns from professional practitioners.
click to play
no. 1: big headaches in form 8949.
after getting off to a fast start, many tax practitioners are still smarting from seemingly unnecessary difficulties late in the season, according to findings by 卡塔尔世界杯常规比赛时间.
complete findings are published in the 卡塔尔世界杯常规比赛时间 practitioner’s tax season performance review and outlook report. (learn more here)
tax professionals slowed their filing rate going into the final two weeks of the 2012 season, according to new data available to 卡塔尔世界杯常规比赛时间 for analysis.