Practice Management

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

The House passed a pair of bills Thursday to provide tax breaks to businesses.

Facing a series of budget cuts in recent years, the Internal Revenue Service is being urged to set a long-term strategy and use return on investment data to better manage budget uncertainty and set priorities at the agency, in a new report from the Government Accountability Office.

CohnReznick LLP and Boston-based Ercolini & Company have signed a letter of intent to combine practices. The deal is expected to close on June 30.

Kennedy and Coe LLC plans to combine with Chico, Calif.-based firm, Matson and Isom. The merger, which is pending final approvals, is scheduled to close on Jan. 1, 2015.

The Internal Revenue Service has issued a revenue procedure providing safe harbors for applying the general welfare exclusion to Indian tribal government programs.

Thomson Reuters has introduced Checkpoint Catalyst, the latest generation of its online tax research system.

The Internal Revenue Service has issued final regulations that modify the standards governing written tax advice and update related provisions.

The Internal Revenue Service issued a ruling yesterday clearing the way for institutional investors to seek changes to incentive fees assessed by hedge funds, which may make it cheaper for them to invest in such offerings.

Doeren Mayhew, one of the top 100 CPA and advisory firms, has spun off its investment banking practice into a new investment bank, Doeren Mayhew Capital Advisors, to accommodate the firm’s growing mergers and acquisitions client base.