Practice Management

Business intelligence company iLumen announced that is offering free accountant access to its Client Diagnostic Report from now until June.

The former secretary to Imelda Marcos, the one-time First Lady of the Philippines, has been sentenced to serve between two and six years in prison for tax evasion and ordered to pay the State of New York $3.5 million in taxes after she was accused of stealing and illegally selling a painting by the French Impressionist master Claude Monet for $28 million.

A New York City tax preparer has been convicted of stealing tax refunds using stolen identities and adding false dependents to his clients’ tax returns.

Senator Marco Rubio, R-Fla., plans to introduce legislation that would provide a replacement for the Earned Income Tax Credit in the form of a “wage enhancement.”

The head of the union representing Internal Revenue Service employees is warning about persistent underfunding of the Internal Revenue Service in the omnibus spending bill unveiled yesterday by congressional negotiators.

BDO USA LLP has expanded its middle-market presence with the addition of Business Forums International.

Yeo & Yeo and Hungerford & Co. of Southgate, Mich. have agreed to merge. The combined firm will operate under the Yeo & Yeo name and will give the firm the opportunity to extend its reach in the Southeast Michigan region.

McGuire Sponsel has merged with the consulting firm BT ProjectPoint. The new addition will assist organizations to secure project financing, provide swap and debt advisory services, and negotiate and secure economic incentives.

As the holidays recede in the rear-view mirror, many CPAs begin to observe a worrisome trend. The stack of paperwork on the corner of the desk, the number of emails in the inbox, and the items on the to-do list begin to expand as if by magic. It is a sign that the busy season is upon us, yet again.

The United States is falling behind Europe and China in efforts to capitalize on globalization and could potentially miss out on future economic growth as a result, according to a new survey by the international accounting and consulting network UHY.