Practice Management

Smart Tax, a 28-unit tax preparation chain, has acquired 15-unit chain Eagle Tax Services.

The Internal Revenue Service has approved New York State’s contract with PSEG Long Island while allowing the power company to retain its tax-exempt status.

This was quite a busy year with large vendor financings, acquisitions, cloud and mobile growth and new products galore but I think rather than an expected year in review (we have a pretty good slideshow on that), I thought I’d offer my take on what 2014 will likely bring in the way of accounting technology news.

The U.S. Tax Court has ruled against a business student who tried to deduct the cost of tuition for his Masters of Business Administration program, a case that could have major implications for other MBA students who hope to make their tuition more affordable.

UXC Eclipse Inc., the U.S. arm of Australia-based UXC Ltd., has purchased Tectura North America, effectively creating the largest Microsoft Dynamics reseller in the country.

As CPA firms continue to differentiate themselves, many are turning to strategic consulting services as a way to offer a unique proposition to the business owner.

Deborah Barrett, a 57-year-old accounting manager in Newport, R.I., is one of an estimated 1.3 million unemployed workers who will lose their unemployment benefits on December 28 because Congress failed to extend the Emergency Unemployment Compensation program.

The Internal Revenue Service is urging individuals and businesses that are making contributions to charity to keep in mind several important tax law provisions that have taken effect in recent years. Accountants can pass along the advice to their clients who are making charitable contributions that they can claim on their taxes next year.

The Internal Revenue Service is warning tax preparers who do not send a Form 8867, “Paid Preparer’s Earned Income Credit” Checklist,” with the tax returns they file for clients who claim the Earned Income Tax Credit that they are subject to a $500 penalty per return.

Starting in the New Year, the Internal Revenue Service plans to increase the processing fees for installment agreements and offers in compromise, in addition to other payment arrangements.