Practice Management

IMGCAP(1)]Reseller partners are buying while cloud accounting is flying with a veteran tax and accounting executive trying to take a long-standing player in that space to the next level. All of these topped the news in our world this week and I’d like to share my views on them with you.

U.S. Wealth Management CEO John Napolitano talks with Accounting Today editor-in-chief Daniel Hood about how accounting firms can build their financial planning practices and become successful at offering some nontraditional services to clients.

Rahn & Bodmer Co., the Swiss private bank established by silk traders in 1750, said it’s cooperating with a U.S. Department of Justice probe into cross-border accounts of American clients.

As an accountant, I have a question for you. How many of your clients own their own captive insurance company?

Between October 2011 and September 2012, the Internal Revenue Service investigated 13 complaints of IRS personnel who directly contacted taxpayers instead of going through their designated representatives, but IRS managers disciplined or counseled only two of the employees because of their actions.

Top 100 Firm BKD LLP has acquired the Erie, Pa.-based accounting firm Malin Bergquist & Co. LLP. Malin Bergquist will officially join BKD on Oct. 1, 2013.

Top Sage North America partner Net@Work has expanded its nonprofit accounting software business through the purchase of Blytheco’s Abila practice.

The Congressional Budget Office is seeing a $400 billion reduction in the federal government’s budget deficit for the current fiscal year, thanks to increased tax revenues due largely to the expiration of the payroll tax cut.

Awareness of the implications of the Foreign Account Tax Compliance Act, also known as FATCA, is growing.

John Koskinen, nominated to become the next Internal Revenue Service commissioner, has a net worth between $7.1 million and $27.4 million, according to a financial disclosure released by the Obama administration.