The U.S. Tax Court found that a non-CPA tax preparation and bookkeeping business is an accounting service and subject to the 35 percent tax applicable to qualified personal service corporations.A Las ...

Tax accountants play a crucial role in the preparation and filing of income tax returns for individuals and businesses. With their specialized knowledge and training, they handle intricate tax laws, ...

Corporate leaders are demanding more and more from their tax and accounting partners. Is your firm on top of the latest Internal Revenue Service guidance on Paycheck Protection Program loan ...

Effective tax accounting is a complex and high-stakes function. The accuracy of tax provisions is critical to financial reporting, yet vulnerabilities exist due to the reliance on spreadsheets and the ...

Thomson Tax & Accounting, part of The Thomson Corp., announced the upcoming release of its InSource WorkFlow Manager solution. The Web-based workflow and document management system allows corporate ...

The IRS issued proposed regulations (REG-132766-18) on July 30 related to simplified tax accounting rules for small businesses and updating various tax accounting regulations to adopt the simplified ...

The team will be led by Detroit-based Gina Staudacher, who comes to Taft from Winthrop & Weinstine and brings extensive experience with business and tax advisory matters.

Certified public accountants may become harder to find for tax preparation services as a number of CPAs are retiring and fewer young people are entering the profession. Even though April 15 is fast ...

Not all accounting reports are equal, evidenced by different accounting methods used within the United States. Accounting for a business represents a recording of the financial transactions of a ...

An accountant performs financial functions related to the collection, accuracy, recording, analysis and presentation of a business, organization or company's financial operations. In a smaller ...

Growing a business is exciting, but it also comes with financial complexities that many entrepreneurs underestimate. Revenue growth is only part of the picture—without careful planning around taxes, ...