Practice Management

Credit Suisse AG agreed to pay $2.6 billion in penalties and pleaded guilty to helping Americans cheat on their taxes, making it the first global bank in a decade to admit to a crime in a U.S. courtroom.

The formula for profitability has been established for ages. Every business owner, CEO, freelancer and entrepreneur knows it. It is even supported—scratch that, mandated—by GAAP, which is enforced by the SEC in the United States.

The Association for Accounting Marketing and Hinge Research Institute have released a study that examines overall marketing spending at accounting firms, including compensation for marketing staff, the top five spending categories, and detailed budget breakdowns by firm size and market location.

Grant Thornton has expanded its presence in the United Kingdom, Australia, Canada, Cyprus and the Isle of Man.

The IRS is offering tax relief to victims of severe storm, winds and flooding that affected parts of Florida in late April.

A couple of our favorite recent tax fraud cases.

A client wanted to buy a business in Birmingham, Ala., and I went there with the company’s CFO to review the books, do some due diligence, kick the tires and negotiate a deal.

Accountants should take the lead in assessing the impact on their companies of the depletion of natural resources, recommends a new report.

Credit Suisse Group AG is close to reaching an agreement to plead guilty and pay about $2.5 billion to the U.S. Justice Department and regulators to resolve investigations into whether it helped Americans evade taxes, three people familiar with the matter said.

Senate Republicans blocked a package of more than $80 billion in tax cuts, killing for now a measure that would provide incentives for corporate research and wind energy.