Practice Management

A massive case of organized tax and bank fraud culminated today with the unsealing of four federal grand jury indictments accusing 55 people of participating in one or more illicit schemes, including the theft of more than 2,000 identities that were used to claim more than 420 million in bogus IRS tax refunds. As a result the IRS paid out more than $7 million, even issuing payments in the names of dead people.

Income per equity partner at the nation’s CPA firms jumped 5.5 percent in 2012, climbing to $386,000, according to the recently released 2013 Rosenberg MAP Survey.

Income per equity partner at the nation’s CPA firms jumped 5.5 percent in 2012, climbing to $386,000, according to the recently released 2013 Rosenberg MAP Survey.

Bernard Madoff’s former accountant pleaded not guilty on Thursday to charges he helped the convicted con man carry out a Ponzi scheme.

Avalara has formed a strategic alliance with PrimeGlobal North America, enabling its member firms to access Avalara’s online resource center and take advantage of the company’s accountant-centric partner programs.

While keeping up with legislation and regulations remains the top risk facing corporate tax directors, global transfer pricing is quickly becoming a more serious concern for them, according to a recent survey

Top Sage partner Net@Work has enhanced its Partner Alliance Program, which will offer Sage and non-Sage VARs and other professional service providers – including CPAs – access to the firm’s full range of products and services and future business opportunities.

Top 100 Firm The Bonadio Group is merging with Gaines Kriner Elliott LLP. The merger is expected to be finalized on November 1, and the two firms will operate under the Bonadio name.

The Internal Revenue Service has set the per diem rates that taxpayers can use to substantiate the amount of expenses for lodging, meals and incidental expenses when traveling away from home.

The Internal Revenue Service needs to improve the process it uses to account for and report costs associated with the implementation of the Affordable Care Act, according to a new government report.